Vietnam Industrial Parks Attract $3.48B FDI in Jan-August
Industrial parks (IP) in Vietnam estimated to have attracted $3.48 billion in foreign direct investment (FDI) in the first eight months of this year, accounting for 35% of the country’s total pledged FDI capital.
Of the sum, $2.56 billion came from 132 newly-licensed projects and the rest were added by 145 existing projects, the Khu Cong Nghiep Vietnam magazine reported.
Between January and August, Vietnam licensed 169 domestically-invested projects valued at VND24.22 trillion and allowed 58 existing projects to add VND3.53 trillion in its IPs.
Businesses in local IPs earned combined revenues of $14.32 billion and paid VND8.85 trillion in taxes during the eight-month period.
The Southeast Asian country is now home to 254 IPs covering a combined area of 68,800 hectares, including 18 newly-established ones between January and August.
To date, 171 Vietnamese IPs covering 43,375 hectares have become operational and 83 others are still under construction.
The nation aims to build 106 IPs covering 50,000 ha and expand 26 others between now and 2020. The IPs are expected to license around 6,800 projects capitalized at $50 billion, creating 2.2 million jobs in the next ten years. (Vietnam IPs)
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