VSIPs further absorb more investment capital

Over the past nine months, investment capital flowing into province-based Vietnam-Singapore Industrial Parks (VSIPs) continued increasing compared to the same period last year. Province-based VSIPs Management Board has strived to be able to soon fulfill the set plan.

FDI capital on sharp increase

Province-based VSIPs absorbed VND760.11billion in domestic capital over the past nine months. So far, they have attracted 42 domestic investment projects with total registered capital of more than VND 9.84trillion. They also lured more than US$696.2million in FDI capital, up 78.93% compared to the same period last year or 199% of the year’s plan. As of now, there have been valid 553 FDI projects capitalized at more than US$8.523million.

This is a production line of Tetra Pak Vietnam’s aseptic carton packaging material factory in the expanded VSIP II

Over the past nine months, province-based VSIPs continued luring large-scale FDI projects. Tetra Pak, a Swedish-based food packaging and processing company, inaugurated its first aseptic carton packaging material factory in VSIP II. The factory’s products are for domestic market and export. The factory is designed to produce 12 billion aseptic cartons each year, and the figure is expected to increase to 20 billion aseptic cartons in the future.

Adolfo Orive, President & CEO of Tetra Pak, said that the greenfield investment in the new Binh Duong factory has proved the company’s strong testimony of long-term commitment to Vietnam. “The new factory will give us much better coverage and scale, helping us provide our customers with shorter lead times, consistent supplies, and improved efficiency and flexibility”, he added. .

Similarly, Tata Coffee Vietnam, a member of India’s Tata Group also inaugurated its freeze-dried coffee plant worth US$65.5million in VSIP II with the annual capacity of 5,000 tons of coffee products…

Enterprises working effectively

Over the past nine months, the total investment capital implemented by enterprises in the VSIPs was estimated at more than US$325.3million or 93% of the year’s plan, with total revenue at US$6.84% or 83% of the year’s plan. They also reached US$5.46billion in export value or 88% of the year’s plan; paid US$59.7million for State budget or 91% of the year’s plan.

Hemant Rupani, CEO of Mondelez Kinh Do Vietnam Joint Stock Company said that the company has so far built 2 factories in Binh Duong and Hung Yen provinces with a total of 4,500 workers. Since early this year, the factory in Binh Duong province has worked very effectively, contributing to fulfilling the company’s targets in 2019.

Nguyen Thanh Trung, Deputy Head of province-based VSIPs Management Board said that the unit will further implement central directives, resolutions on improving the local investment climate; boost a task of catching the operational situation of enterprises, thereby opportunely dealing with their obstacles in production-business; well realize marketting, investment attraction…

Reportedly, province-based VSIPs over the past nine months generated jobs for 4,000 laborers or 80% of the year’s plan. It is known that they now have a total of more than 159,000 laborers.

Reported by Phuong Le-Translated by K.T

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