In Q1 2014, province-based industrial parks (Ips) continued taking fruits with investment attraction, revenue…reaching a strong growth compared to the corresponding period last year. This shows that the province’s policy calling for investment into Ips towards sustainable industrial development has upheld its efficiency and reached a high consensus among enterprises.

High efficiency

Tran Van Lieu, Head of provincial Ips Management Board said that the investment attraction of Ips under the Management Board in the first three months of 2014 reached 47.94% of the year’s plan and increased by 151% compared to the corresponding period last year.

Particularly, the Ips absorbed 20 new FDI projects with a total registered capital of more than US$147.4mln and 14 extra-ones with nearly US$68.3mln. There were also 16 projects with investment into the Ips approved and 4 investors receiving consultancy on investment law

With the above result, Ips under the Management Board have so far lured 1,308 projects, including 927 FDI projects with a total registered capital of nearly US$6.3bln and 381 domestic ones with a total registered capital of nearly US$24.744bln. Currently, there are 993 investment projects, including 625 FDI projects and 368 domestic ones, in operation or 79% of total valid and licensed projects. 

Consumer goods being manufactured at a foreign-invested firm in My Phuoc I Industrial Park

Along with positive results in investment attraction, disbursement for investment capital by enterprises in Ips under the Management Board was implemented very quickly. Total capital implemented by them in the first three months of 2014 achieved nearly US$187mln, up 30% compared to the corresponding period last year or 34% of the year’s plan. Of the total figure, the foreign investment sector gained US$174mln or 93% of total while the domestic investment sector achieved more than US$12.5mln or 7% of total. Thus, total investment capital implemented by enterprises in the Ips has so far reached nearly US$4.6bln.

Great contributions

Together with positive results in terms of investment attraction and capital disbursement, the Management Board said that enterprises in Ips under the Management Board have continued stably working.

Over the past three months, these enterprises gained more than US$1.67bln in total revenue, up 25% compared to last year’s same period or 22% of the year’s plan; paid more than US$39.6mln for State budget, up 17% against last year’s corresponding period or 23% of the year’s plan.

Ips under the Management Board have so far created jobs for nearly 236,000 laborers, over 97% of whom have got labor deals. Currently, laborers herein enjoy the average income of VND4mln per person per month, up more than 15% compared to last year’s same period.

Enterprises in the Ips have also taken good care of the lives of laborers. Thanks to this, most laborers have returned to work after the traditional Tet (Lunar New Year) festival 2014, thereby helping these enterprises further stabilize production and business.

In Q2 2014, provincial Ips Management Board will focus on realizing some main tasks, including further calling for investors of the Ips to speed up compensation and site clearance; teaming up with them to attend seminars on trade promotion in Canada, U.S and Japan; joining hands with relevant agencies to give timely support for enterprises…

With the above measures plus the current favorable situation, it is believed that Ips under the Management Board will further reap good results in Q2 2014, helping them fulfill their plans in 2014.

It is known that provincial Ips Management Board now manage 25 Ips with nearly 7,540 hectares in total. Of these, 23 are now operational with a total area of nearly 6,985 hectares. Two Ips, namely Thoi Hoa and Tan Binh are now under construction.

Reported by V.Giang-Translated by K.T