This number is equivalent to 34.9% of the target for 2024 and 112.12% higher than the figure in the same period last year, the HCM City Export Processing and Industrial Zones Authority (HEPZA) reported Friday.

Of the total sum, foreign investment stood at $4176.7 million, rising 3.6-fold from a year earlier. Meanwhile, domestic investment fell 63.15% to VND352.42 billion ($14 million).

Head of HEPZA Hua Quoc Hung said that in Q1, businesses based in local export processing and industrial zones operated stably. Many got orders again after facing difficulties for a long period.

Businesses at the zones posted an estimated export turnover of $2.17 billion in Q1, up 6% over the same period last year. They employed about 277,000 workers, an increase of 10% against the end of 2023, he noted.

Construction of Phuc Son and expanded Vietnam – Korea industrial parks accelerated

BAC GIANG - On March 13, Bac Giang province handed over the investment certificates for infrastructure construction and business projects in the expanded Vietnam - Korea Industrial Park (IP) in Viet Yen township and Phuc Son IP in Tan Yen district. Determining site clearance is a key step, all units and localities are highly focusing on carrying out related tasks to soon have a clean site for investors. 

Industrial production expands over 6% year on year in Q1: MoIT

Industrial production continued to thrive in the first quarter with the entire sector’s added value rising 6.18% year on year, the Ministry of Industry and Trade (MoIT) reported.

Bac Giang strongly attracts investment into industrial parks

BAC GIANG - According to the Bac Giang Provincial Industrial Park Management Board (IPMB), in March, the IPMB issued new investment certificates for two domestic projects investing in industrial park infrastructure with a total registered capital of more than 3 trillion VND (nearly 128 million USD); granted adjustments to 11 projects, two of which added more capital of 3.3 million USD.

Bac Giang’s industrial production value increases nearly 25 percent

BAC GIANG - The industrial production value in Bac Giang province is estimated at 52.7 trillion VND (2.2 billion USD) in March and more than 153.5 trillion VND in the first three months of the year, increasing nearly 25 percent year on year and reaching 23.1 percent of the yearly plan, reported the Department of Industry and Trade.

Index of Industrial Production up 5.7% in January-February

Vietnam’s Index of Industrial Production (IIP) rose 5.7% year-on-year in the opening two months of 2024, according to the General Statistics Office of Vietnam.

Source: VnExpress