With positive results done over the past nine months, province-based industrial parks (Ips) will further reap success in all fields, ranging from investment attraction, revenue, State budget payment to job creation for laborers. 

Tran Van Lieu, Head of provincial Ips Management Board (second right) handing over investment certificates to investors

Great investment, quick disbursement

There are now 24 industrial parks (Ips) under provincial Ips Management Board with 7,197.09 hectares in total. Among them, 23 Ips have been into operation with 6,984.69 hectares in total.

Over the past nine months, they absorbed more than US$350mln in FDI capital, up 36.62% compared to the corresponding period of 2012 or 100.07 of 2013’s plan. There were 46 FDI projects licensed with a total registered capital of nearly US$261mln, up 2.2 % in the number of investment projects and 153% in the amount of investment capital agaign the corresponding period of last year.

They also lured 34 capital-increasing FDI projects with US$89.mln, up 6.25% in the number of investment projects against the same period last year. Among the newly-licensed FDI projects, Japan continued taking the lead with 15 investnebt projects capitalizes at nearly US$184mln, followed by South Korea with 5 investment projects worth US$8.1mln…

Also during the period, they drew VND551 bln in domestic investment capital  or 110% of the year’s plan. There were 13 domestic investment projects licensed with a total registered capital of VND462.2bln, up 2.25 times in the number of projects and 13.24% in the amount of investment capital over the same period last year and 3 extra-ones with VND88.7bln.

Province-based Ips have so far attracted 1,268 valid investment projects, including 883 FDI projects with a total registered capital of nearly US$6bln and 35 domestic investment ones with a total registered capital of VND24.511trillion. The total investment capital implemented by enterprises in Ips under provincial Ips Management Board over the past nine months was US$492mln, up 13.56% compared to the corresponding period of last year or 109% of the year’s plan. The figure has so far amounted to nearly US$ 4.16bln.

Thanks to investment capital quickly disbursed, additional 11 investment projects were put into operation in the IPs, bringing the total number of projects in operation herein to 914 or 73% of total number of valid and licensed projects.

Stable operation, effective contribution

Most enterprises in Ips under provincial Ips Management Board have worked effectively. Their total revenue over the past nine months reached more than US$4.3bln, up 8% compared to the corresponding period last year or 78% of the year’s plan.

Of the total, the foreign investment sector took the lead with nearly US$2.97bln, up 10% against the same period last year while the domestic investment sector gained US$1.39bln, up 5% over the same period last year.

The total export turnover of enterprises in Ips under provincial Ips Management Board have also achieved more than US$1.88bln, up 7.51% compared to the corresponding period last year. Meanwhile, their import value was estimated at more than US$2.5bln, up 7.9% compared to the corresponding period last year.

Thanks to good business, these enterprises over the past nine months paid more than US$110.2mln for State budget, a year-on-year increase of 8.31% or 80% of the year’s plan. Of these, more than US$88.6mln came from the foreign investment sector and nearly US$21.6mln from the domestic investment sector. Ips under provincial Ips Management Board have so far generated stable jobs for 230,113 laborers in and out of the province with the average income of VND3.9mln per capita per month, a year-on-year increase of 18.18%.

Tran Van Lieu, Head of provincial Ips Management Board said that his unit actively took measures of the Government’s Resolution No.01/NQ-CP and Resolution No.02/NQ-CP and implemented provincial People’s Committee’s plan on some measures to remove hurdles in production and business over the past nine months. Hence, enterprises in Ips under provincial Ips Management Board worked very stably and effectively with investment capital disbursement quickly implemented. Many new investment projects were put into operation, creating stable jobs for laborers in and out of the province…

For 2013’s targets well implemented, Mr.Lieu emphasized that provincial Ips Management Board has further focused on realizing some key tasks for the remaining 3 months of the year, including calling for investors of the Ips to speed up compensation and site clearance, construction of technical infrastructure in some Ips; further cooperating with investors of the Ips to promote investment at some key markets; making a list of projects calling for invesemt; teaming up with the local functional agencies to grasp enterprises’operations for timely support…

Reported by Trong Minh-Translated by K.T