Increasing investment attraction in Van Phong Economic Zone

Phương Linh |

Khanh Hoa – Van Phong Economic Zone, Khanh Hoa province is currently attracting 146 investment projects, with a total registered capital of about 5.1 billion USD.

According to the Van Phong Economic Zone Management Board, investment attraction in 2024 in Van Phong Economic Zone and industrial parks (IPs) in the area will increase.

In particular, the Prime Minister approved the investment policy of the Doc Da Trang Industrial Park infrastructure construction and business investment project with a total investment capital of more than 1,800 billion VND.

The Management Board has newly granted 1 foreign-invested project in Van Phong Economic Zone, 2 secondary projects in Ninh Thuy Industrial Park, 3 domestic investment projects in Suoi Dau Industrial Park, with a total investment capital of more than 660 billion VND. At the same time, adjusted the capital increase of 10 projects with an additional investment capital of nearly 495 billion VND.

Up to now, Van Phong Economic Zone has attracted 146 investment projects, with a total registered capital of about 5.1 billion USD, the implemented capital is 3.27 billion USD, reaching 64.12% of the registered capital. Of which, 121 are domestic projects, 25 are foreign-invested projects and 104 projects have come into operation.

Suoi Dau Industrial Park has attracted 60 investment projects with a total registered investment capital of 317.96 million USD, and implemented investment capital of 263.32 million USD. Currently, 50 projects are in operation, 10 projects are under investment and construction.

Production performance of enterprises in Van Phong Economic Zone (including Ninh Thuy Industrial Park) is estimated to reach 1,321 million USD in revenue in 2024 compared to 2023, an increase of 64%.

Of which, exports reached 665 million USD, up 10%, imports reached 656 million USD, up 4%. Enterprises paid 1,548 billion VND to the budget, up 41%; creating jobs for 8,500 workers.

At Suoi Dau Industrial Park, revenue reached 714 million USD, up 10%, export reached 546 million USD, up 10%, import reached 352 million USD, up 7%, budget payment reached 250 billion VND, up 10%; creating jobs for 13,000 workers.

Mr. Le Hong Phuong - Deputy Head of the Standing Board of Van Phong Economic Zone Management Board, said - Statistics show that in 2024, enterprises under the management board will contribute 20% of local budget revenue.

In the period of 2025-2030, Khanh Hoa will prioritize attracting investment, promoting projects in Van Phong and calling for investment in industrial parks, increasing the proportion of local industry.

Phương Linh
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