Businesses making spare electronic parts and components in the northern province of Vinh Phuc earned 304.4 million USD in turnovers in the first six months of this year, of which exports reached 296 million USD.

According to the provincial People’s Committee, all satellite companies of Samsung Group from the Republic of Korea saw high growth in revenues, namely Partron Vina, Heasung Vina, Dong Yang, Cammsys, Bang Joo and Vina Circuit.

Since the outset of 2015, Vinh Phuc has carried out a drive to seek investments and develop the local industry.

A report from the provincial Department of Planning and Investment showed that Vinh Phuc licensed five foreign direct investment (FDI) projects with total registered capital of over 48.37 million USD in the first three months of 2015.

The province has also provided investment certificates for three domestic direct investment (DDI) development projects with combined registered capital of over 1.5 trillion VND (nearly 73 million USD).

By March 2015, the province was home to 189 valid FDI projects with total registered investment of over 3.1 billion USD and 578 valid DDI projects worth over 41 trillion VND (1.9 billion USD).-VNA