29.10.2020, 10:05

Vinh Phuc Attracts 21 Projects in Jan - Sep


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$22961 million (FDI projects) and VND71736 billion (DDI projects).



Vinh Phuc Attracts 21 Projects in Jan - Sep



Out of 21 new investment projects, there are six DDI projects with a total registered investment capital of VND71736 billion (newly granted: VND695.7 billion, increased capital: VND2166 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$22961 million (newly granted: US$4074 million, increased capital: US$18886 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 VND15193.9 billion and 306 FDI projects with a total investment capital of US$427 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 VND74499 billion and 76 FDI projects with a total investment capital of US$121578 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 VND378328 billion and 85 FDI projects with total investment capital of US$65674 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$30454 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 VND267635 billion and 27 FDI projects with total investment capital of US$88638 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 VND129912 billion and 48 FDI projects with total investment capital of US$84254 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 VND50616 billion and 12 FDI projects with total investment capital of VND37237 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 VND4224.8 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 VND857552 billion, reaching 56.4% of registered investment capital. The realized capital of FDI projects is US$27971 million, increasing the implemented capital of projects by the end of September 2020 to US$2561.5 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