Vietnam has emerged as a hub of foreign direct investment (FDI), according to the eurasiantimes.com.
In the first nine months of 2020, Vinh Phuc Industrial Parks Authority has licensed 21 projects, and allowed 36 projects to increase capital by US$229.61 million (FDI projects) and VND717.36 billion (DDI projects).
With its convenient location, synchronous and modern infrastructure, competitive land rental compared to some industrial parks, Binh Xuyen 2 Industrial Park (phase 1) in Binh Xuyen district, Vinh Phuc province, invested by Fuchuan Co., Ltd of Taiwan, has become an attractive destination and a top choice by many domestic and foreign enterprises.
With good technical infrastructure and professional support serviced, Ba Thien 2 Industrial Park attracted 51 projects by the end of September 2020, including 3 DDI projects with nearly VND1,300 billion of investment capital and 48 FDI projects with more than US$840 million. The occupancy rate was over 68%.
With a better investment environment, improved investment attraction policies, focused infrastructure construction and professional services, industrial parks in Vinh Phuc province attracted 326 new investment projects in 2011-2020.
By strengthening investment promotion activities at home and abroad; stepping up administrative procedure reform and supporting business development, Vinh Phuc has now become a reliable destination for domestic and foreign businesses.
The performance of public-private partnership (PPP) investment projects should be based on the principle of harmonizing interests of the government and investors, and balancing affordability for the people and lendability for banks.
By applying many attractive mechanisms and policies, removing barriers to administrative procedures and site clearance, and creating a favorable business environment, Hau Giang province is catching increasing interest from many Investors. Mr. Nguyen Huu Nghia, Director of the Department of Planning and Investment, gives an exclusive interview on this matter to Vietnam Business Forum Magazine. Ngo Khuyen reports.
By unlocking all resources, Vi Thanh has become a potential city in the Mekong Delta, a strong magnet to external investment resources and an attractive destination for large investors and corporations.
Industrial zones in Hau Giang province are catching greater attention and becoming preferred choices of many investors. With the spirit of open cooperation, the Hau Giang Industrial Zones Authority always accompanies and supports investors when they carry out projects, from initiation to operation. The following is the interview by Vietnam Business Forum with Mr. Nguyen Phong Minh, Director of the Hau Giang Industrial Zones Authority.
Foreign investment attraction in Vinh Phuc province in the past years has produced positive results. Foreign direct investment (FDI) companies have made important contributions to local socioeconomic development, created more jobs, promoted average GRDP growth, and increased local budget revenue. In the 2016-2020 period, FDI firms paid nearly VND115.5 trillion to the State budget.
Vietnamese
11/2020
Hanoi
