Vinh Phuc Industrial Parks Secure 33 New Investment Projects

According to the Vinh Phuc Industrial Parks Management Board, from January to August 2024, the industrial parks attracted 33 new investment projects, comprising 24 foreign direct investment (FDI) projects and nine domestic direct investment (DDI) projects. The total newly granted and increased investment capital reached approximately US$402.1 million and VND3,060.53 billion.

Exedy Vietnam Co., Ltd. (Khai Quang Industrial Park) - a 100% Japanese-owned company

In August 2024, the Provincial Industrial Parks Management Board issued new investment registration certificates for two projects, which included one FDI project with an additional registered capital of US$24.9 million and one DDI project with an increased registered capital of VND100 billion.

In the first eight months of 2024, the province's industrial parks attracted 24 new FDI projects and saw an increase in capital for 25 existing FDI projects. The total newly granted and increased investment capital reached approximately US$402.1 million, comprising US$173.9 million in newly granted capital and US$228.2 million in increased capital. This represents 90% of the total for the same period in 2023 and fulfills 115% of the 2024 plan.

Additionally, the industrial parks attracted nine domestic direct investment (DDI) projects and experienced capital increases for six DDI projects, totaling VND3,060.53 billion. This includes VND1,894.51 billion in newly granted capital and VND1,166.02 billion in increased capital, which is equivalent to 54% of the investment capital compared to the same period in 2023 and achieves 204% of the 2024 plan.

As of August 15, 2024, there are 493 valid investment projects in Vinh Phuc’s industrial parks. This includes 117 DDI projects with a total investment capital of VND37,784.64 billion and 376 FDI projects with a total investment capital of approximately US$6,742.89 million.

The Vinh Phuc Industrial Parks Management Board will enhance state management across all sectors, with a particular focus on administrative reform and improving the investment and business environment. The board will support investors and enterprises while urging industrial park developers to actively advance infrastructure projects, thereby accelerating investment attraction.

By Bao Ngoc, Vietnam Business Forum