Additional US$508mil from foreign projects poured into Vietnam-Singapore Industrial Parks

The Vietnam-Singapore Industrial Park management board, said since the start of this year additional US$508mil of foreign investment capital has been invested in VISIPs in the province, a 135.3% rise from the same period last year. Of these, there are 16 new projects capitalized at US$271.3mil and 28 capital-added projects worth nearly US$237mil.  

Also the same time, the management board granted investment licenses to 2 local projects capitalized at VND58bil. Aside from remarkable investment attraction, VISIPs’ operation goes in good operation with the total revenue of US$2.1bil in the first 2 months of this year, a 1.5% rise from the same period last year and budget payment of US$50mil, a 9.5 increase from the same period last year.

Reported by T.Minh – Translated by A.C

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