BUSINESS Updated at 11:03:24 01/02/2020  (Views:  433 )
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Binh Thuan Industrial Parks target at great gains as a new decade comes

BTO – Ending the year 2019, Binh Thuan industrial Park (Ips) has fulfilled its set target assigned by the Provincial People’s committee. A majority of businesses in the Ips have kept their ordinary production and business activities, and have strived for higher growth over the past year.

Seft-adhesive paper production business

The 2019’s highlights are the export turnovers gaining nearly USD190 million, exceeding 210 percent of the planned target. In the meantime, the Ips businesses’ revenues also touched the landmark of VND 4,950 billion, exceeding 12 percent of the plan and contributed to the state budget of VND84 billion.

According to the management board of Binh Thuan industrial park, the unit has recorded great turnover gains from exportation, especially Right Rich international limited company with over USD 83.2 million. Following are Thinh Vuong footwear material limited company with a generation of USD 58.252 million; then Vietnam MFG Nakagawa limited company with over USD22.2 million; Transpacific seafood processing limited company with USD 7.5 million plus.

Additionally, Kim Do company’s revenues gained USD 6.631 million, Khai Hoan wood export and processing JSC posted USD 4.85 million; Vietnam Bernecker limited company fetched up over USD 3million and many other companies claimed over USD1 million in their export turnovers.

Last year, the Ips’ investors have paid much attention to hastening the infrastructures as all of five industrial zones were invested with nearly VND 165 billion, a double increase over the previous year. Typically, Song Binh industrial park has pumped VND100 billion into investment, achieving 100 percent of the year plan. In the meantime, Tuy Phong Industrial Park earmarked over 61 billion, gaining over 300 percent of the plan and rising 2.87 times against that of 2018.

In parallel, the incentives for secondary project investments have also showed positive changes, luring an addition of 8 projects, including 5 domestic projects and 3 foreign ones) with a total registered capital of USD 570 billion and USD 51.756 million, respectively.

As the New Year 2020 is coming, the industrial parks in Binh Thuan have attracted a total of 78 secondary projects (including 26 foreign-funded projects) with a total investment capital of VND 3,034 billion and USD 223.15 million. Particularly, the The Phong Group has been granted with investment certificate, worth over USD50million and a land lease of 20 ha.

Looking forward to the New Year and new decade, Binh Thuan industrial park management continues its detailed planning for fulfilling the targets set by the provincial People’s Committee.

Ms Le Thi Tuyet Lan, deputy chief of Binh Thuan industrial park management board, shared that: the Ips sector is striving for luring an additional investment of VND 920billion, reaching a total turnover of VND5, 400 billion. At the same time, export revenues also target at gaining USD 200 million and paying VND 94 billion to the state budget.

Entering the New Year with hopeful signals, the Ips management board believes that the whole staffing, investors, and businesses can get greater achievements, contributing to developing the province’s socioeconomic development.

Translated by My Thien (Source: Binh Thuan Newspaper)

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