Five FDI projects receive licenses in Vinh Phuc

HA NOI (Biz Hub) — The authorities of northern Vinh Phuc Province granted investment licenses for five new foreign direct investment (FDI) projects and approved the increase capital for two projects with total registered capital of US$60 million in the first two months of this year.

Most of the new projects operate in sectors of garments, export – import and electronic accessories.

The province has been focusing on site clearance for major projects including Thang Long Vinh Phuc Industrial park and FLC Group’s eco-tourism zone.

According to the province’s investment promotion agency, investment will continue to increase in the province this year. It is expected to exceed the set target of $200 million from foreign direct investment projects and VND5 trillion ($223.7 million) from domestic direct investment.

To attract more investment, the province boosts promotions and solves difficulties for firms which are investing in the province to create a better environment for the investors.— VNS