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Ips attract over 80% of FDI capital flowing into province

Update: 06-12-2021 | 12:03:57

The whole province now has 29 industrial parks (Ips). Among them, there are 27 Ips in operation with nearly 11,000 hectares in total ​​ with the rate of land lease reaching 87.4%. The province is also home to 12 industrial compounds with 790 hectares in total and the land tenancy rate of 67.4%.

In 2021, despite being heavily affected by the Covid-19 pandemic, province-based IPs have still attracted a large number of enterprises for investment and production expansion. According to provincial People's Committee, these IPs have also attracted US$1.7 billion in FDI capital, accounting for 82% of FDI capital flowing into the province this year and over VND 3 trillion in domestic capital. Enterprises in the local Ips have also achieved US$35.1billion in revenue, US$ 20.9billion in export turnover.

Reported by Tri Dung-Translated by Kim Tin

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