Province-based Ips absorb over US$494mln in FDI capital

Province-based industrial parks (Ips) in the first half of 2016 lured more than VND504.7billion in domestic investment capital, including VND496.2billion from 4 new projects and VND8.5billion from 1 existing project. Thus, they have so far absorbed more than VND1.3trillion in domestic investment capital, representing a surge of 3.12% against the same period last year or 237% of the year’s plan.

They also drew more than US$96.18million in FDI capital, comprising of US$68.4million from 14 new projects and nearly US$27.78million from 10 existing ones. To date, they have attracted US$494.33million in FDI capital, up 45.65% compared to the same period last year or 61.7% of the year’s plan.

As of now, they have had a total of 1,609 valid projects, including 1,156 FDI projects with a total registered capital of more than US$9.7million and 453 ones with a total registered capital of nearly VND36.8billion.

Reported by Phuong Le-Translated by K.T