Facilitating Projects in Industrial Parks

10:40:12 AM | 5/1/2021

As of November 15, 2020, Vinh Phuc province-based industrial parks were home to 377 valid investment projects, including 66 DDI projects with a total registered value of VND13,766.1 billion and 311 FDI projects with US$4.45 million.

The Vinh Phuc Industrial Parks Authority, among 377 valid projects, 319 projects are in operation, accounting for 84.6% of total projects; 20 are under construction; 33 are carrying out investment procedures; and five are preparing for termination procedures (accounting for 1.3%). In November 2020, investors disbursed US$31.3 million and VND19 billion.

With active policy support of the province and actions of enterprises to overcome difficulties, most investment projects have been carried out on schedule. Many well-performing FDI firms have invested in expanding their operations, output and investment value, thus generating many jobs and increasing local budget revenue.

In the coming time, the province will request relevant agencies to inspect and review business operations of tenants and have better knowledge of imported inputs, exports and worker recruitment to propose effective and practical policies and help enterprises to stabilize and develop business operations.

By Nguyet Tham, Vietnam Business Forum