Vinh Phuc IPs Attract 326 Projects in 2011-2020

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.

Of the sum, 286 FDI projects registered to invest a total of US$1.903 billion, accounting for approximately 75% of all FDI projects in the province and 40 DDI projects that register to invest VND5,100 billion, accounting for about 10% of total DDI investment value in 2011-2020. The occupancy rate of industrial zones reached 63% on average.

This year, although the COVID-19 epidemic has weakened investment attraction, especially foreign investment flows, by actively supporting licensed projects, solving difficulties and searching for new investors, in the eight months of 2020, Vinh Phuc province-based industrial parks attracted 15 new FDI projects and two new DDI projects.

In the next phase, Vinh Phuc will strive to draw US$4-5 billion of FDI fund and VND50,000-60,000 billion of FDI fund.

Source: Vietnam Business Forum