Rising Investment in Vinh Phuc IPs in November 2021

The Vinh Phuc Industrial Parks Authority granted new investment registration certificates to three projects in November 2021, including two FDI projects with a total registered investment capital of US$1.0 million and one DDI project with VND126.3 billion, and allowed three existing FDI projects to add US$12.95 million to their investment base. The total fresh and added investment fund was VND126.3 billion and US$13.95 million.

As of November 15, 2021, valid investment projects in Vinh Phuc IPs totaled 409 projects, including 78 DDI projects with VND20,468.74 billion of investment capital and 331 FDI projects with US$5,393.88 million. Among them, 339 projects are operational, accounting for 83% of total projects; 25 projects are under construction, accounting for 6%; 40 newly licensed projects are carrying out investment procedures, accounting for 10%; and five FDI projects are conducting operational termination procedures, accounting for 1%. The realized capital in November 2021 was US$31.11 million and VND20 billion.

In November, the Vinh Phuc Industrial Parks Authority submitted the seventh review of Khai Quang Industrial Park construction plan; reported to the Provincial People's Committee the adjusted progress of Binh Xuyen Industrial Park and the revised area of Khai Quang Industrial Park (according to the master plan approved by the Provincial People's Committee in Decision 2928/QD-UBND dated October 22, 2021).

In addition, the Vinh Phuc Industrial Parks Authority removed difficulties and obstacles for businesses; opined the certification of ownership of land-attached assets of Hai Thanh Vietnam Trade and Investment Joint Stock Company; responded to Liftec Vietnam Company about the proposed bidding for Phuc Yen Industrial Park Project; and guided An Thinh Company to apply for adjustments to infrastructure construction investment and operation project in Binh Xuyen Industrial Park.

In December 2021, the Vinh Phuc Industrial Parks Authority will license 3-5 new projects and issue revised investment licenses to 3-4 existing projects with a total registered investment fund of US$5-10 million and VND1,650 -1,750 billion. It will continue to guide and support businesses to implement projects, which are expected to disburse US$30-31 million and VND1,300 billion. About 2-3 more projects will be put into production in the month.

At the same time, it will continue to direct infrastructure developers to accelerate their investment progress in such industrial parks as Song Lo I, Song Lo II, Tam Duong I - Section 2, and Thai Hoa - Lien Son - Lien Hoa, Section 2 - Phase 1; and perform its assigned tasks in Chan Hung, Phuc Yen, Lap Thach I, Lap Thach II and Binh Xuyen II - Phase 2 industrial parks as directed by the Vinh Phuc Provincial People's Committee.

By Vietnam Business Forum