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Economics

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State budget payment of enterprises at local Ips up 25%

Provincial Industrial Parks (Ips) Management Board now manages 25 Ips, 23 of which are operational. In 2014, they absorbed more than US$743.5mln in FDI capital, up 88.98% compared to 2013 or 165% of the yearly plan.

In addition, they attracted additional VND6.474 trillion, up over 848% against 2013 and 13 times higher than the yearly plan. They have so far lured 1,376 investment projects, comprising of 975 FDI projects and 401 domestic ones with total registered capital of VND30.435trillion.

Also in 2014, additional 59 investment projects were put into operation at Ips under provincial Ips Management Board province-based Ips, bringing the total number of projects in operation so far to 1,028 or 83% of valid ones. Enterprises at the Ips paid more than US$183.7mln for State budget, up 25% compared to 2013 or beyond 8% compared to the yearly plan.

Reported by Trong Minh-Translated by K.T

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