Vinh Phuc IPs Attract 36 New Projects in Jan-Oct

10:01:50 AM | 12/10/2021

In October 2021, the Vinh Phuc Industrial Parks Authority licensed a new domestic direct investment (DDI) project with VND22 billion and allowed two foreign direct investment (FDI) projects with US$1.5 million. The capital funded into new and existing projects was VND796.83 billion (DDI projects) and US$1.5 million (FDI projects).

From January to October 2021, industrial parks in Vinh Phuc province attracted 36 new investment projects, including 24 FDI and 2 DDI projects, and licensed 21 existing FDI projects and 2 DDI projects to add to their investment base. The total investment value of FDI projects amounted to US$930.49 million (3.5 times higher than a year-ago period) and DDI projects at VND5,812.24 billion, fulfilling 100% and 125% of full-year targets, respectively.

As of October 15, 2021, the industrial parks housed 406 valid investment projects, including 77 DDI projects with VND20,342.44 billion of investment capital and 329 FDI projects with US$5,379.93 million.

By Nguyet Tham, Vietnam Business Forum