Domestic investment attraction in IPs reaches 111% of annual plan

According to provincial Industrial Parks Management Board, in July 2024, province-based industrial parks (IPs) attracted four new domestic investment projects with total investment of VND 251 billion.

Since early this year, province-based IPs have attracted VND 1.34 trillion in domestic investment, reaching 111% of the yearly target. Most of the domestic investment projects in the province's industrial parks focus on industrial production. To date, province-based Ips have attracted a total of 687 domestic investment projects with total registered capital of more than VND 95.13trillion.

For 2024, provincial Industrial Parks Management Board set targets of attracting approximately VND 1.1 trillion to VND1.2 trillion in domestic investment, US$1.2 billion to US$1.3 billion in foreign direct investment and VND 5.7 trillion in construction investment; leasing and subleasing 100 hectares to 150 hectares of land; attracting 15,000 workers; achieving a total revenue of US$35 billion to US$40 billion.

Reported by Ngoc Thanh-Translated by Kim Tin