In 2020, Vinh Phuc aims to attract USD 550 million of FDI and VND 5,500 billion of investment capital from DDI projects. To achieve this goal, from the beginning of the year, the province has focused on improving the investment environment, developing and implementing the Investment Promotion Program towards potential markets and multinational companies. However, due to the effects of the Covid-19 epidemic, in the first 3 months of the year, investment attraction of FDI and DDI projects did not meet the set targets.
According to the report of the Provincial People’s Committee, in the first quarter of 2020, the whole province granted new investment certificates for 16 DDI projects and adjusted to increase capital of two DDI projects, with the total newly and additionally registered capital of VND 2,291 billion. . Compared to the same period in 2019, the number of DDI projects attracted in the first 3 months of this year doubled but the investment capital was only 48.89%.
As for FDI attraction, due to the effect of Covid-19 epidemic, many contents of the Foreign Investment Promotion Program have not been implemented, so the FDI inflows into the province are not high. Specifically, in the first 3 months of the year, the province attracted 5 new projects, total registered capital of 7.6 million USD, adjusted to increase capital for 8 projects, total capital increased by 40.8 million USD. Compared to the same period in 2019, the number of FDI projects invested in the province this year was less than 14 projects and only equal to 18.6% of the total capital.
Aiming to attract investment in potential markets and multinational companies, together with focusing on doing well the prevention of Covid-19, Vinh Phuc will continue to promote the improvement of the investment environment. strengthen dialogue with businesses; timely grasping and removing difficulties and obstacles for enterprises; create favorable conditions for businesses in solving investment procedures, project implementation, production and business. Along with that, support and create maximum conditions for businesses when they need to expand production, change production and business plans. Continue to promote the compensation, site clearance and creation of clean land fund; well prepare the conditions of infrastructure, telecommunications, electricity and water to the fences of industrial parks …
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