Viet Nam-Singapore IPs lure more than $8.52b

Tuesday, Oct 15, 2019 09:41

The Viet Nam-Singapore Industrial Park I in the southern province of Binh Duong. — Photo

Nine Viet Nam-Singapore industrial parks (VSIPs) nationwide have to date attracted 553 foreign-invested projects with capital totalling more than US$8.52 billion.

Over the past nine months, the inflow of foreign direct investment into VSIPs saw a significant increase of 80 per cent to $696.2 million or nearly doubling the yearly target, the online newspaper cited the VSIP management board as saying.

According to the board, two out of three VSIPs in the southern province of Binh Duong reported full occupancy, attracting a combined capital of $8.2 billion.

During the period, VSIPs had also lured more than VND760 billion ($32.6 million) from domestic investors, bringing the domestic investment capital registered to these parks thus far to above $9.82 trillion ($423 million).

In the remaining months of this year, the board will concentrate on solving investors’ difficulties in a timely manner in order to facilitate their operations in addition to speeding up investment promotion to attract more investment capital, deputy head of the board Nguyen Thanh Trung told the newspaper. — VNS

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