Occupancy of Vinh Phuc Industrial Parks Reaches 62%

Vinh Phuc province now has 18 industrial parks, covering 5,200 ha, licensed for establishment by the Prime Minister, including nine operational parks with a total area of 1,842 ha and a total investment capital of over VND7,914 billion and US$117.42 million, according to the 2019 nine-month report by the Vinh Phuc Industrial Parks Authority. The rentable area is 1,340 ha and the cleared area is over 1,042 ha. The occupancy rate reaches 62% of the cleared area.

Among operational industrial parks, Binh Xuyen Industrial Park is fully leased by tenants. The occupancy rate is 98.3% in Binh Xuyen II Industrial Park (Phase I), 98% in Khai Quang Industrial Park, 63% in Ba Thien II Industrial Park, 30.3% in Ba Thien Industrial Park, and 14% in Thang Long Vinh Phuc Industrial Park. Tenants in local industrial parks have increased rapidly. By the end of September 2019, the parks attracted about DDI 60 projects with over VND14,452 billion of investment capital and 283 FDI projects with over US$3,763 million.

The focus on site clearance and infrastructure construction of industrial parks approved by the Prime Minister significantly helped attract investors to Vinh Phuc and improve the occupancy rate.

N.T