Business

Vinh Phuc: Electronic companies reap high revenues

Businesses making spare electronic parts and components in the northern province of Vinh Phuc earned 304.4 million USD in turnovers in the first six months of this year, of which exports reached 296 million USD.
Businesses making spare electronic parts and components in the northernprovince of Vinh Phuc earned 304.4 million USD in turnovers in the firstsix months of this year, of which exports reached 296 million USD.

Accordingto the provincial People’s Committee, all satellite companies ofSamsung Group from the Republic of Korea saw high growth in revenues,namely Partron Vina, Heasung Vina, Dong Yang, Cammsys, Bang Joo and VinaCircuit.

Since the outset of 2015, Vinh Phuc has carried out a drive to seek investments and develop the local industry.

Areport from the provincial Department of Planning and Investment showedthat Vinh Phuc licensed five foreign direct investment (FDI) projectswith total registered capital of over 48.37 million USD in the firstthree months of 2015.

The province has also provided investmentcertificates for three domestic direct investment (DDI) developmentprojects with combined registered capital of over 1.5 trillion VND(nearly 73 million USD).

By March 2015, the province was home to189 valid FDI projects with total registered investment of over 3.1billion USD and 578 valid DDI projects worth over 41 trillion VND (1.9billion USD).-VNA
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