Province-based VSIPs absorb over US$506mln in FDI capital in first half of year

Since early this year, province-based VSIPs have continued reaching a positive result in FDI attraction, accccording to the Vietnam-Singapore Industrial Park (VSIP) Management Board.

In the first half of the year, they absorbed more than US$506mln in FDI capital, up 235% compared to the corresponding period of last year and up 68% compared to the year’s plan. Particularly, there were 13 FDI projects licensed with a total registered capital of more than US$66mln and 18 extra-ones with more than US$440.4mln.

The majority of the above FDI capital amount came from projects with production expansion from the world’s great corporations specialized in manufacturing hi-tech electronic components, household electrical appliances, pharmaceutical products and luxury consumer goods. This showed that Binh Duong has still continued being attractive to investors.

Reported by T.Minh-Translated by K.T