| 07-12-2020 | 10:42:49

Province-based IPs absorb over US$1.3billion

Despite the impacts from Covid-19 pandemic, enterprises in the local industrial parks (IPs) in 2020 managed to surmount difficulties and stabilize their production-business activities, according to provincial IPs Management Board.

Investors of the local IPs spent more than VND208billion on infrastructure investment with 266 hectares of land hired; absorbed US$1.3billion or 60% of the whole province’s FDI capital and more than VND6.75trillion in domestic capital. Enterprises in the local IPs also disbursed US$8.44billion for workshop, equipment investment to serve their production-business activities.

The whole province is now home to 29 IPs, including 27 in operation, with 12.670 hectares in total and the rate of land tenancy at 87.4%.

Reported by Ngoc Thanh-Translated by K.T

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