Revenue of FDI Tenants in Vinh Phuc IPs Rises 4% YoY

11:34:41 AM | 11/11/2021

Vinh Phuc province-based industrial parks are housing 331 operational projects, including 287 FDI projects and 44 DDI projects, according to the Vinh Phuc Industrial Parks’ Authority. They are working with the provincial government to overcome difficulties caused by COVID-19, steadfastly carrying out the dual goal of “fighting the pandemic and boosting economic development”. As a result, a majority of FDI enterprises have maintained their business operations and helped achieve economic growth of 3-7% year on year.

FDI firms posted revenue of US$4.9 billion in the first nine months of 2021, up 4% year on year; achieved export value of US$3.77 billion, up 7%; and paid VND2,770.88 billion to the State budget, up 3%. Tenants in industrial parks generated 11,604 new jobs in the period, 6.6 times more than a year earlier and 37% higher than the full-year plan. Currently, they are employing over 101,300 workers, including 69,151 Vinh Phuc people, accounting for 68%.

In the last three months of the year, tenants in Vinh Phuc-based industrial parks will continue to extend its stable operations and achieve development targets; and employ 3,000 more workers to bring the total workforce to more than 109,000 people.

By Thanh Loan, Vietnam Business Forum