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98% OF INVESTMENT ATTRACTION PLAN IN 10 MONTHS
According to the report by Vinh Phuc Industrial Park Authority, in 10 months of 2022, industrial parks (IPs) in the province attracted 21 new FDI projects and 28 capital increases for a total investment capital of US$292.6 million, reaching 98% of the year plan. The province attracted 14 new DDI projects, with a total registered capital of VND2,261.58 billion, reaching 323% of the plan in 2022.
In October 2022, Vinh Phuc IP Authority licensed six projects, including two FDI projects with a total registered investment capital of US$13 million and four DDI projects with a total registered investment capital of VND78.97 billion. The total newly and additionally registered investment capital in October 2022 was US$19.1 million and VND78.97 billion.
In the 10 months of 2022, IPs in the province attracted 21 new FDI projects and 28 times of capital increase projects with a total newly granted and increased investment capital of US$292.6 million (newly granted: US$174.04 million; capital increase: US$118.56 million), reaching 98% of the plan in 2022; attracted 14 domestic investment projects with a total registered investment capital of VND2,261.58 billion, reaching 323% of the plan in 2022.
In the 10 months of 2022, IPs in the province attracted 21 new FDI projects and 28 capital increases with a total newly granted and increased investment capital of US$292.6 million (newly granted: US$174.04 million; capital increase: US$118.56 million), reaching 98% of the plan for 2022. The province attracted 14 domestic investment projects with a total registered investment capital of VND2,261.58 billion, reaching 323% of the plan in 2022.
As of October 15, 2022, the number of valid investment projects in Vinh Phuc IPs was 443 projects, including 96 DDI projects with a total investment capital of VND24,275.06 billion and 347 FDI projects with a total investment capital of US$5,679.61 million. In particular, there were 385 projects in operation, accounting for 86.9% of the total projects; 13 projects which were implementing construction and installation of factory machinery and equipment, accounting for 2.9% of the total projects; 36 newly granted projects which were undergoing project implementation procedures, accounting for 8% of the total projects; 5 projects which were performing site clearance compensation, accounting for 1.3% of the total projects and 4 FDI projects which were subject to schedule extension and were undergoing procedures to terminate operations, accounting for 0.9% of the total projects. The realized capital in October 2022 of the projects reached US$ 32.2 million and VND50 billion.
In the coming time, Vinh Phuc Industrial Park Authority will continue to direct infrastructure developers to speed up site clearance compensation and carry out construction procedures in such IPs as Son Loi, Song Lo I, Song Lo II, Tam Duong I-Zone 2; and Thai Hoa - Lien Son - Lien Hoa - Zone 2 (Phase 1) to start construction as committed. It will urge the implementation of some IP projects including Song I, Song Lo II and Tam Duong I - Zone 2; continue to perform the assigned tasks for the IPs including Phuc Yen, Dong Soc, Tam Duong II- Zone A and Chan Hung under the direction of the Provincial People's Committee. It will also urge infrastructure investors to speed up site clearance compensation for the remaining areas of IPs, namely Khai Quang, Binh Xuyen, Ba Thien II, Tam Duong II - Zone A, to create a clean land fund to attract investment in the coming time.
At the same time, it will continue to effectively carry out on-the-spot investment promotion, discuss with businesses, and prepare technical infrastructure conditions to attract domestic and foreign investment. It will actively connect, contact and work with potential investors and large corporations to explore the business investment environment in the IPs.
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The real estate market is falling short of funding when banks and corporate bonds are simultaneously tightened, leaving companies unable to respond to sudden changes that result in a halt to a lot of projects. Clearing this "bottleneck" is a big concern of authorities, investors and people because this is a key market that plays an important role in attracting resources and developing many other industries and fields.