Province-based IPs continue to see effective operation

In the first half of the year, province-based industrial parks (IPs) have continued to effectively operate, greatly contributing to promoting the economic growth of the province, generating stable jobs for hundreds of laborers in and out of the province…

Overcoming difficulties

There are now 24 industrial parks (IPs) under provincial IPs Management Board with 7,147 ha in total. Of these, 24 are operational with nearly 6,444 ha in total and the two remainders, namely An Tay and Thoi Hoa, are under compensation and construction.

  Steel tubes being manufactured at Bau Bang IP-based Yong Ho Vina Steel FactoryDespite many difficulties caused by inflation, high bank interest rates…, investors of the above IPs have made efforts in infrastructure construction with total investment capital implemented of VND162.3bln, up 118% compared to last year’s same period. This figure has also brought total investment capital flowing into these IPs to more than VND7.89trillion or 69.3% of total investment capital approved.

The efforts of these investors in building industrial park infrastructure have contributed to promoting investment attraction. In the first half of the year, IPs under provincial IPs Management Board have absorbed 16 new FDI projects with total registered capital of US$46.7mln and 24 extra-ones with US$61.5mln. They have also lured additional 8 domestic investment projects with total registered capital of VND680.6bln, equal in number of the projects and up 8.4% in amount of the capital compared to last year’s same period. Thus, they have so far lured 1,113 domestic and FDI projects with total registered capital of more than VND19.67trillion and US$4.9bln.

Noticeably, the amount of capital implemented by businesses in the above IPs has reached US$274.3mln, increasing by 10.37% compared to last year’s same period and getting 69% of the projection. Of the total figure, the foreign investment sector disbursed US$258.5mln, up 8.78% while the domestic investment sector implemented US$15.8mln, up 20% against last year’s same period.

Stable and effective business

Among 1,113 investment projects in Ips under provincial IPs Management Board, 799 projects are now operational, including 546 FDI projects and 253 domestic ones.

In general, businesses herein have taken fruits in production and trading activities in the first half of the year. They have reached nearly US$2.5bln in revenue, up 8.59% against last year’s same period or 55% of the projection; secured more than US$1.07bln in export turnover, up 6.4% against last year’s same period; achieved more than US$1.4 in import value, up 7.75% against late year’s same period or 59% of the projection…

They have also paid nearly US$62.4mln for State budget, a year-on-year increase of 8.62%. Of the total figure, more than US$51mln was paid by the foreign investment sector while nearly US$11.3mln came from the domestic investment sector.

Such these apart, they have contributed to generating stable jobs for 207,140 laborers in and out of the province, a year-on-year increase of 5%. Direct laborers now enjoy the average income of VND2.5mln per capita per month. Noticeably, more than 99% of laborers at Ips under provincial IPs Management Board have got labor deals.

Dang Quang Viet, deputy head of provincial IPs Management Board said: “In general, the situation of IPs under provincial IPs Management Board has been very stable with the set targets reaching more than 50% in the first half of the year. Businesses herein have been still stable and got high growth in production and trading activities; taken good care of the lives of laborers; made positive changes in execution of the laws on labor and environment…”.

For its Ips fulfilling 2011’s targets, provincial IPs Management Board will focus on some key tasks, including re-checking the implementation of detail planning, the construction process of infrastructure; boosting the activities of calling for foreign investment; further re-checking investment projects licensed …during the rest of the year.

Reported by Trong Minh-Translated by K.T

The whole province is now home to 28 IPs with 9,093.25ha in total, including 6 of 854,1 ha in Di An town, 3 of 694.18 ha in Thuan An town, 9 of 4,112.93 ha in Ben Cat district, 3 of 1,839.84 ha in Tan Uyen district and 7 of 1,730.91 ha in TDM town…

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