In May 2023, Vinh Phuc Industrial Zones Management Board licensed four new investment projects, including three domestic direct investment (DDI) projects with VND1,704.1 billion (US$74 million) and one foreign direct investment (FDI) project with US$1 million, and allowed three existing projects to raise their investment value, including one DDI project with VND335.42 billion (US$14.5 million) and two FDI projects with US$2.06 million.
The infrastructure of Ba Thien 2 Industrial Park is developed synchronously according to international standards
From January to May, Vinh Phuc province-based industrial parks licensed nine FDI projects and allowed 16 existing projects to invest a total registered value of US$261.87 million (US$107.91 million from new projects and US$153.96 million from existing projects), up 32% year on year and equal to 75% of the full-year plan. The industrial parks also attracted five DDI new projects and allowed two existing DDI projects to invest VND4,627.5 billion (VND3,313 billion from new projects and VND1,314.5 billion from existing projects), equal to 2,004 % of the value in the same period of 2022 and 154% of the yearly plan.
Vinh Phuc province-based industrial parks housed 458 valid investment projects as of May 15, 2023, including 102 DDI projects with VND31,200.51 billion (US$1.34 billion) of total investment capital and 356 FDI projects with US$6.1 billion. Among them, 397 projects are in production, accounting for 86.7% of total projects; 12 projects are under construction, accounting for 2.6%; 40 projects are carrying out investment procedures, accounting for 8.7%; five projects are conducting land compensation and site clearance, accounting for 1.2%; and four FDI projects are completing termination procedures, accounting for 0.8%.
Also in May 2023, the Vinh Phuc Industrial Zones Management Board advised the Provincial Party Committee and the Provincial People's Committee to plan Tam Duong I Industrial Park - Area 3 into a high-tech industrial park; submitted to the Provincial People’s Committee a report on investment licensing and funding to select an advisor for making pre-feasibility study report for Chan Hung Industrial Park; and made some changes to development plans for Lap Thach I and Lap Thach II industrial parks.
In June 2023, the management board expects to license 2-4 new projects and allow 2-3 existing projects to invest US$100 million and VND200-300 billion; and guide and support investors to carry out their projects. The board also hopes that 2-4 projects will be put into production, US$40-45 million and VND50 billion of registered capital will be disbursed, and will urge investors to accelerate their project implementation.
By Quynh Ngoc, Vietnam Business Forum
Vietnamese
