Business

Vinh Phuc’s industrial parks remain attractive to investors

Although the complicated developments of the COVID-19 pandemic made the number of newly-established businesses during January-September in Vinh Phuc not high, the amount of registered investment in the northern province increased significantly compared to the same period last year.
Vinh Phuc’s industrial parks remain attractive to investors ảnh 1The factory of the Ohashi Tekko Vietnam company in Binh Xuyen Industrial Park of Vinh Phuc province (Photo: VNA)
Vinh Phuc (VNA) - Although the complicated developments of theCOVID-19 pandemic made the number of newly-established businesses duringJanuary-September in Vinh Phuc not high, the amount of registered investment inthe northern province increased significantly compared to the same period lastyear.

In Vinh Phuc, Binh Xuyen district is considered an attractivedestination for investors with more and more projects being put into productionat industrial parks in the locality.

According to a report of the Vinh Phuc Industrial Park Management Board, by theend of September, Vinh Phuc province had granted investment licenses to 10 newdomestic direct investment (DDI) projects and adjusted to increase capital for two DDI projects, with a total registered investment of over 5 trillion VND (219million USD), equal to 108 percent of the set plan.

Also in the period, the province granted licenses to 24 new foreigndirect investment (FDI) projects and adjusted to increase capital for 19projects, with a total registered capital of 928.9 million USD, equivalent to99 percent of the plan.

As of September 15, there were 404 valid investmentprojects, including 75 DDI ones totaling 19.4 trillion VND and 329 FDI ones totaling5.37 billion USD.

In recent years, Binh Xuyen has been among the mostattractive destinations.

Notably, the 287-ha Binh Xuyen industrial park with moderntechnical infrastructure has attracted the biggest numbers of projects and investmentsin the province. As of September 30, this industrial park had attracted 122projects, including 84 FDI projects totalling over 1.27 billion USD, and 38 DDIones totaling 3.79 trillion VND.  Theoccupancy rate had reached 92 percent.

As Vinh Phuc is currently working on the dual goals offighting the pandemic and developing the economy, most of FDI enterprises overcomedifficulties and strive to maintain stable production and business activities.In the last quarter of the year, Vinh Phuc strives to attract from five toeight new FDI projects with a registered capital of about 30-40 million USD and three new DDI projects with a total registered capital of about 270 billion VND./.
VNA
#Vinh Phuc #newly-established businesses #industrial parks #investment attraction #domestic direct investment #foreign direct investment #FDI #Binh Xuyen industrial park #updated Vietnam news #Vietnamplus #Vietnam News Agency Vinh Phuc
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