Vinh Phuc lures 46.6 million USD of FDI in two months

The northern province of Vinh Phuc has seen positive results in FDI attraction in the first two months of this year as it lured 46.6 million USD to eight new projects and four existing ones.

Illustrative photo (Photo: VNA)

Vinh Phuc (VNA) – The northern province of VinhPhuc has seen positive results in foreign direct investment (FDI) attractionin the first two months of this year as it lured 46.6 million USD to eight newprojects and four existing ones.

According to the provincial Committee for InvestmentPromotion and Support, the province is hosting 234 valid projects with totalinvestment of over 3.6 billion USD.

At the same time, the locality also granted investment licencesto eight domestic projects worth over 765 billion VND, raising the total numberof such projects to 663 with combined capital of nearly 67.6 trillion VND (2.95billion USD).

This year, Vinh Phuc aims to attract 25 FDI projects worth 250million USD, according to the committee.

Over the past years, the province has applied variousmeasures to create favourable conditions for investors, while supporting themduring their investment, especially in administrative procedures.

Thanks to these efforts, many local industrial parks have becomepopular to investors, including Khai Quang in Vinh Yen city, where houses about80 firms with about 40,000 workers.-VNA

VNA