The total investment that the IPs has lured so far this year is US$1.18 billion, equivalent to 185% of the plan (Photo: VNA)   

NDO/VNA – Despite COVID-19 impacts, industrial parks (IP) in the southern province of Ba Ria-Vung Tau have seen good signs in investment attraction, according to the provincial IP Management Board.

According to the board, since the beginning of the year, the IPs drew 44 new projects worth US$931.42 million, including 32 domestic-funded and 12 foreign invested projects.

Alongside, US$252.04 million was added to 21 underway projects, the board reported.

The result pushed the total investment that the IPs has lured so far this year to US$1.18 billion, equivalent to 185% of the plan and 141% of the figure recorded in the same time last year.

As of the end of October, Ba Ria-Vung Tau attracted 503 valid projects to local IPs, including 246 domestically-invested and 257 foreign invested projects. They occupy 65.7% of total area of 12 operating IPs.

The board said that due to impacts of COVID-19, investors in infrastructure projects in local IPs have yet to be able to make large investment.

It said that in order to get ready to host investors when COVID-19 is put under control, the local government has offered support to IPs by creating optimal conditions for them in seeking investment opportunities in the locality and in carrying out administrative procedures related to investment, and by preparing a clean land fund.