Vinh Phuc province-based industrial parks attracted 53 new foreign direct investment (FDI) projects and witnessed 38 existing projects to invest US$612.35 million (including US$285.42 million from fresh projects and US$326.93 million from existing projects) in the first nine months of 2019, rising 2.4 times in value over the same period of 2018 and hitting 219% of the full-year plan. Local industrial parks also licensed eight new domestic direct investment (DDI) projects and four existing projects to invest VND2,662.78 billion (including VND2,585.8 billion from new projects and VND76.98 billion from existing projects) in the reporting period, up 9 times in value and equal to 190% of the yearly plan.
Currently, industrial parks have 343 valid projects, including 60 DDI projects with VND14,452.67 billion (US$628 million) of investment capital and 283 FDI projects with a total registered investment of US$3,763.43 million.
Khai Quang Industrial Park housed 87 projects, including 11 DDI projects with VND714.99 billion and 76 FDI projects with US$1,046.31 million, including 83 projects in operation. The occupancy rate of rentable area reaches 98%.
Binh Xuyen Industrial Park accommodated 113 projects, including 37 DDI projects with VND3,692.55 billion and 76 FDI projects with US$546.45 million, including 78 operational projects. The land occupancy rate is 100%.
Binh Xuyen II Industrial Park (phase 1) attracted 52 FDI projects with a total registered capital of US$288.07 million, of which 40 projects have been put into operation. The occupancy rate of rentable land reaches 98.3%.
Ba Thien Industrial Park licensed 28 projects, including five DDI projects with VND2,562.01 billion and 23 FDI projects with US$877.92 million. 20 projects have been put in operation. The occupancy rate is 30.3%.
Ba Thien II Industrial Park attracted 50 projects, including three DDI projects with VND1,299.12 billion and 47 FDI projects with US$715.74 million, of which 25 projects have been put into operation. The occupancy rate reaches 63%.
Thang Long Vinh Phuc Industrial Park is home to nine FDI projects with US$288.94 million of investment capital, including six operational projects. The occupancy rate is 14%.
Tam Duong II Industrial Park - Section A and Son Loi is under construction and will attract secondary investors in the coming time.
In the first nine months of 2019, DDI projects disbursed VND647.94 billion, raising total executed fund to VND7,966.7 billion the end of September 2019, equal to 55% of the registered fund. FDI projects disbursed US$233.31 million, increasing the implemented fund to US$2,181.6 million by the end of September, accounting for 58% of the registered fund.
In the last three months of 2019, the Vinh Phuc Industrial Parks Authority will effectively implement its tasks assigned in Action Plan 557/CTHD-UBND dated January 18, 2019 of the Provincial People's Committee. At the same time, it will accelerate investment promotion, selectively pick up suitable projects for sustainable development from traditional markets such as Japan, South Korea and China, and approach potential markets like the United States and the European Union (EU) and other countries signing to new FTAs, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the ASEAN Economic Community (AEC) to which Vietnam is a partner. In the last three months of 2019, local industrial parks are expected to attract 7-8 new FDI projects with US$50 -70 million of registered capital and four new DDI projects with VND100-200 billion.
N.T
Vietnamese
