INCREASING NUMBERS OF INDUSTRIAL PARKS DRAW FOREIGN INVESTMENT

In addition, three other IPs expanded their operations, including the one in Quang Tri, Nghe An and Nghi Son of Thanh Hoa, in the first nine months of the year.

The department said that from January to September, the country's IPs attracted US$8.7 billion in foreign direct investments (FDI), posting 12 per cent year-on-year increase. The FDI into the IPs accounted for 67 per cent of the country's total FDI of $11 billion in the nine-month period and 59 per cent of the total 1,400 projects.

By the end of this month, IPs in Viet Nam witnessed the setting up of 5,946 FDI projects with total registered capital of $95.9 billion while their disbursement was $55 billion.

The IPs also attracted 361 projects from domestic investors with total registered capital of VND53.2 trillion ($2.36 billion) in September. Another 97 projects increased their registered capital to a total VND9.3 trillion ($413.3 million).

These figures brought the total investment from local investors in the first nine months of the year to VND62.6 trillion ($2.78 billion), down 11 per cent from the same period last year and accounting for 70 per cent of the set target.

It said the newly registered projects during this the period were mainly in garment and textiles, electronics, manufacturing and processing sectors.

Source: VIR