Local IPs achieve and surpass key targets

According to provincial Industrial Parks (IPs) Management Board, despite economic difficulties and challenges in 2024, the leadership from provincial Party Committee, People’s Committee, cooperation among various departments and localities, and efforts by the business community have led to positive outcomes in the operations of the local IPs. Notably, domestic and foreign investment attraction met and exceeded 2024’s targets, with business activities growing, security and order maintained.

Accordingly, domestic investment attraction reached VND 1.47 trillion, up 23% compared to the same period in 2023 and achieved 104% of the 2024 target. Foreign investment attraction reached nearly US$ 1.26 billion, a 68.5% increase compared to the same period or 105% of the 2024 target. The realized investment capital by enterprises was estimated at reaching US$ 2.26 billion, a year-on-year increase of 19.75% and or 132% of the 2024 target.

For 2025, provincial IPs Management Board aims at attracting around 130-140 investment projects in the IPs, with total foreign investment capital between US$ 1.1billion and US$1.2 billion and domestic investment capital of VND1trillion-VND1.1trillion. Investment in construction is targeted at VND 5.7trillion. Additionally, focus will be on advising on the establishment and development of approximately 10 new IPs from now until 2030, particularly on infrastructure development  of Ips approved.

Reported by Ngoc Thanh-Translated by Kim Tin