Vinh Phuc Attracts 21 Projects in Jan - Sep

9:56:42 AM | 27/10/2020

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).

Out of 21 new investment projects, there are six DDI projects with a total registered investment capital of VND717.36 billion (newly granted: VND695.7 billion, increased capital: VND21.66 billion), equaling 27 % in the total investment capital compared to the same period in 2019 and reaching 86% of the plan for 2020. There are 15 new FDI projects with a total registered capital of US$229.61 million (newly granted: US$40.74 million, increased capital: US$188.86 million), equaling 37% of investment capital as compared to the same period in 2019 and reaching 70% of the plan by 2020.

Currently, the number of valid investment projects in Vinh Phuc industrial parks is 371, including 65 DDI projects with a total investment capital of VND15,193.9 billion and 306 FDI projects with a total investment capital of US$4.27 million. Projects are classified by each industrial park as follows:

Khai Quang Industrial Park has attracted 88 projects, including 12 DDI projects with a total investment of VND744.99 billion and 76 FDI projects with a total investment capital of US$1,215.78 million; 84 projects have been put into production; the rate of industrial land occupancy reaches 94%.

Binh Xuyen Industrial Park has attracted 122 projects, including 37 DDI projects with total investment capital of VND3,783.28 billion and 85 FDI projects with total investment capital of US$656.74 million; 99 projects have been put into production, the rate of industrial land occupancy is 75.2%.

Binh Xuyen 2 Industrial Park (phase 1) has attracted 58 FDI projects with a total investment capital of US$304.54 million; 56 projects have been put into production, the occupancy rate of industrial land area reaches 100%.

Ba Thien Industrial Park (Area 75.9 ha) has attracted six DDI projects with total investment capital of VND2,676.35 billion and 27 FDI projects with total investment capital of US$886.38 million; 26 projects have been put into production, the rate of industrial land occupancy is 74.4%.

Ba Thien II Industrial Park has attracted three DDI projects with total investment capital of VND1,299.12 billion and 48 FDI projects with total investment capital of US$842.54 million; 41 projects have been put into production and business, the rate of industrial land occupancy reached 68.1%.

Thang Long Vinh Phuc Industrial Park has attracted 3 DDI projects with total investment capital of VND506.16 billion and 12 FDI projects with total investment capital of VND372.37 million; 8 projects have been put into production and business, the rate of industrial land occupancy reaches 74.6%.

Tam Duong II Industrial Park - Zone A has attracted 2 DDI projects with a total investment of VND4,224.8 billion.

Son Loi Industrial Park is in the period of building and completing infrastructure to have a land fund to attract investment in the coming time.

In the nine months, the disbursement of DDI projects reached VND319.4 billion, increasing the implemented capital of projects by the end of September 2020 to VND8,575.52 billion, reaching 56.4% of registered investment capital. The realized capital of FDI projects is US$279.71 million, increasing the implemented capital of projects by the end of September 2020 to US$2,561.5 million, reaching the rate of 60% of registered investment capital.

In the last months of 2020, Vinh Phuc Industrial Parks Authority will continue to promote investment activities targeting traditional markets such as Japan, Korea, China, Taiwan, and potential markets such as the U.S., EU and other countries participating in new FTAs, CPTPP, and AEC. In the remaining months of 2020, it is expected to attract 5-6 new FDI projects with registered capital of about US$50-70 million, two new DDI projects with a total registered capital of about VND100-150 billion; about 7-10 projects will go into production and business operation; capital disbursement of FDI projects is about US$90 million and DDI projects about VND60-100 billion.

By Nguyet Tham, Vietnam Business Forum

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