In the first half of 2014, province-based industrial parks (Ips) continued working effectively. Their targets on investment attraction, revenue, contribution to State budget…surpassed the set plan and reached a growth that was higher than last year’s corresponding period.

Additional new projects

According to provincial Ips Management Board, province-based Ips in the first half of the year absorbed more than US$318.4mln, up 54.17% compared to last year’s corresponding period or 70.76% of the year’s plan. Particularly, there were additional 37 new FDI projects with a total registered capital of nearly US$204.2mln and 27 extra-ones with more than US$114.2mln. The Ips also lured additional 2 new domestic investment projects ad 1 extra-one with a total investment capital of VND290bln.  

Taiwan’s Kingtec Group signing a land-lease contract with Becamex IDC Corporation to build its US$30mln-plant at My Phuoc 3 IP

With the above result, province-based Ips have so far attracted 1,329 valid projects, including 943 FDI projects with a total registered capital of more than US$6.42bln and 386 domestic investment projects with a total registered capital of VND24.351bln.

South Korea and Japan took the lead among countries and territories making investment in the province in the first half of the year. The amount of FDI capital from South Korean and Japanese investors accounted more than 53% of total FDI capital amount flowing into province-based Ips during the period. Among the South Korea and Japan-invested projects, there were 4 large-scale projects with a total investment capital estimated at around US$11mln, specialized in manufacturing mechanic products and car components. This was seen as a good sign for the province in promoting auxiliary industries.

Also according to provincial Ips Management Board, the amount of FDI capital from investors in Hongkong and China in the first half of the year accounted for 11% of total FDI capital amount for manufacture of products regarding industries of garment and textile, footwear, woodwork processing…

Province-based Ips like My Phuoc, Bau Bang, South Tan Uyen, Viet Huong…lured more projects in the first half of the year. Nguyen Minh Hung, General Director of South Tan Uyen IP Joint Stock Company said that the IP’s investment attraction in the first half of the year exceeded over 30% of the year’s plan. Particularly, the company let out its 26.8 hectares of land to investors, 20 hectares higher than the year’s plan.

Meanwhile, Han Vai Chi, CEO of Viet Huong Joint Stock Company, the investor of Viet Huong 1, 2 Ips said that along with many projects licensed in Viet Huong 2 IP (including those of ZHU RUI Vietnam Co.Ltd., Kuai Yin Yang Industry Co.Ltd…), the IP welcomed many business delegations in research of investment climate.  

Working effectively

Along with positive results in investment attraction, province-based Ips worked effectively in the first half of the year. There were additional 24 enterprises in operation, bringing the total number of enterprises in the Ips to 993 or 97% of valid projects. The six-month revenue of enterprises in the Ips was estimated at more than US$3.72bln, up 28% compared to last year’s corresponding period. They also paid nearly US$85mln for State budget, up 18% against last year’s corresponding period.

Tran Van Lieu, Head of provincial Ips Management Board said that the operations of enterprises at province-based Ips in the first half of the year maintained a growth that was higher than last year’s same period. The situation of investment and construction of enterprises and investors of Ips reached 95% of the year’s plan. The rate of land tenancy at province-based Ips saw a twofold increase compared to last year’s same period or 106% of the year’s plan. Investment attraction at province-based Ips also reached a high growth…

Also according to him, provincial Ips Management Board will focus on taking some key measures to be able to fulfill 2014’s tasks. Particularly, the Management Board will speed up construction of technical infrastructure; further call for investment projects, especially those with great potential in terms of capital and technology under the province’s development orientations; take initiative in grasping enterprises’ business and production activities for timely support solutions…

Reported by Trong Minh-Translated by K.T