According to the report by Vinh Phuc Industrial Park Authority, in 10 months of 2022, industrial parks (IPs) in the province attracted 21 new FDI projects and 28 capital increases for a total investment capital of US$292.6 million, reaching 98% of the year plan.
Determining the importance of building linkage chains, Vinh Phuc has implemented activities to support linkages and connect provincial enterprises with FDI enterprises.
Investment promotion and attraction, especially in large and key markets, has been a focus by Vinh Phuc province in recent years to create opportunities for businesses to access and join supply chains for foreign direct investment (FDI) firms and advance to global supply chains.
To accomplish the goal in 2022 to attract 25 to 30 new FDI projects with a total registered capital of about US$300 million, Vinh Phuc province will continue to effectively implement solutions to remove difficulties for FDI projects, effectively support businesses and improve infrastructure, thereby creating a more attractive investment environment.
Deputy Prime Minister Le Van Thanh signed Decision 1119/QD-TTg approving the infrastructure construction and operation investment project in Dong Soc Industrial Park, Vinh Phuc province.
Binh Duong province was the second largest recipient of foreign direct investment (FDI) in the country (only after Ho Chi Minh City) with a total registered value of US$39.6 billion, accounting for 9.2% of the country’s gross total.
Vietnam disbursed US$17.45 billion of foreign direct investment (FDI) in the first 10 months of 2022, a year-on-year increase of 15.2%. The total newly-registered capital, adjusted capital, and capital contribution and share purchase reached US$22.46 billion.
With the goal of attracting about US$15 billion of FDI, the city is urgently implementing the necessary work to accelerate the progress of new IPs, of which the focus is Tien Thanh IP with a scale of 410.46ha.
The EU's investment capital into Vietnam in recent years has still been very limited, shy of the potential of the two sides. The European Union-Vietnam Free Trade Agreement (EVFTA) and the European-Vietnam Investment Protection Agreement (EVIPA) are expected to improve the quality of foreign direct investment (FDI) from EU member states to Vietnam.
At least 42% of European businesses in Vietnam said they would increase their investment capital by the end of 2022, despite confidence being dampened by the uncertainty of the global economy.
Having a synchronous and modern transport infrastructure, being a center of regional economic cooperation and having attractive mechanisms and policies, Hai Phong is exerting a strong appeal to investors, especially large ones with modern eco-friendly technology.
10/20/2021 10:06:39 AM
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