Vinh Phuc IPs lure nearly 300 million USD in FDI in 10 months

Industrial parks (IPs) in the northern province of Vinh Phuc attracted nearly 300 million USD in FDI in the first ten months of this year, equal to 80 percent of the year’s target.

Tuesday, November 17, 2020 18:10

Vinh Phuc IPs lure nearly 300 million USD in FDI in 10 months ảnh 1

A worker at Vina Korea Company based in Vinh Yen city of Vinh Phuc province (Photo: baovinhphuc.com.vn)

Vinh Phuc (VNA) - Industrial parks (IPs)in the northern province of Vinh Phuc attracted nearly 300 million USD in FDIin the first ten months of this year, equal to 80 percent of the year’s target.

The sum included both new capitalin 16 projects, and additional capital in 36 existing projects.

There were also six domestic direct investmentprojects with more than 700 billion VND (30.31 million USD) in total capital.

Local IPs now house 372 valid projects, including307 FDI projects with registered capital in excess of 4.3 billion USD.

Vinh Phuc has bolstered its administrative reformefforts, built an open investment climate, and zoned off land lots for the waveof major investment expected upon the completion of the Thang Long Vinh PhucIndustrial Park Phase II and the Dong Soc industrial cluster.

The province is currently viewed as among fourlocalities in Vietnam with the best infrastructure and conditions forindustrial development./.

VNA

#Industrial parks (IPs) #Vinh Phuc #FDI #investment climate #Industrial development #vietnamplus #vietnam news agency Vinh Phuc

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