Vinh Phuc Strives to Attract Nearly $ 300 million from FDI Enterprises

Vinh Phuc Strives to Attract Nearly $ 300 million from FDI Enterprises

With the results achieved in 2017, industrial zones in Vinh Phuc province are expected to attract 22-25 new FDI projects, total registered capital of nearly $ 300 million in 2018.

Investment in Vietnam - To achieve this goal, Vinh Phuc industrial zone management board continues to promote local investment, attaching investment attraction to human resource development, increasing the occupancy rate of complete industrial infrastructure; To support the development of small and medium sized enterprises, actively removing difficulties for projects, and raise the efficiency of post-investment project management.

Vinh Phuc currently has 160 FDI projects, 34 DDI projects are operating in industrial parks, accounting for 82% of the total number of projects licensed to invest in industrial zones.

In 2018, Vinh Phuc will strive to have 3 to 5 additional DDI projects, total registered capital of about VND1,400 -1,500 billion and contribution to the state budget from 14% -16% increase in the time ahead.

The situation of production and business of both FDI and DDI enterprises in industrial parks continued to be stable and developed, contributing more than VND 2,320 billion to the state budget and creating more than 80,800 jobs.

Specifically, in 2017, FDI projects reached an turnover of $ 3,589 million, up 23% over 2016; export value was more than $ 2,650 million, an increase of 29%, contributed 2,013 billion to state budget. DDI's revenue reached VND10,326 billion, up 9% against last year and contributed VND308 billion to the state budget.

Thanks to the improved investment environment, the fields, such as manufacturing and assembly of automobiles, motorbikes, electric and electronics supporting industries, textiles and garments, construction materials, iron and steel increased and export value reached from 8% -10% over last year. 


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