Long An: IPs attract 41 new FDI projects with capital of nearly 220 million USD in first 5 months

In the first 5 months, IPs attract 41 new projects with the capital of nearly 220 million USD

Accumulated, in the first 5 months of the year, 56 new projects invested in IPs. Specifically, there are 41 FDI projects and 15 DDI projects with total newly registered investment capital of 219.5 million USD and 688 billion VND. At the same time, there are 37 projects increasing capital to 48.2 million USD and 2,341 billion VND. There is no project adjusting to decrease capital.

Compared to the same period in 2019, in the past 5 months, investment attraction in industrial parks decreased (7 projects, equivalent to 11 percent), but on the contrary, investment capital increased. In particular, FDI increased by 124 million USD (equivalent to 86.7 percent) and DDI capital increased by 671 billion VND (equivalent to 28 percent).

Also in the past 5 months, there were 14 projects terminating investment (including 7 DDI projects with capital of 166 billion VND and 7 FDI projects with capital of 5.1 million USD).

Up to now, the IPs in the province have attracted 1,588 investment projects

So far, industrial zones in the province have attracted 1,588 investment projects, including 786 FDI projects and 802 DDI projects. Total investment capital (new and increased capital) was over 4,468 million USD and 89,532 billion VND.

Head of the LAEZA- Nguyen Thanh Thanh shared that there was a strong impact on production and business activities of domestic enterprises and import-export activities due to development of the Covid-19 epidemic in the world because many countries are taking anti-epidemic measures. Accordingly, the import-export activities of the FDI sector decreased over the same period. However, in Long An, the attraction of investment in IPs has decreased but not significantly compared to the same period, but the total new investment capital as well as the capital increase for the old project increased, this is a positive signal.

Currently, the LAEZA is actively supporting infrastructure investors in industrial parks to implement compensation and site clearance so that from now until the end of 2020, there will be at least 3 more IPs that can attract investors to directly produce and do business. Since then, it contributes to the province to achieve the socio-economic development goals as planned in 2020 and the following years./.

By Mai Huong – Translated by Duc Tam

Source: http://baolongan.vn/long-an-5-thang-dau-nam-cac-kcn-thu-hut-41-du-an-fdi-moi-voi-so-von-gan-220-trieu-usd-a96579.html