Rapid development in both scale and quality
With a favorable geographical location in the Red River Delta, part of the planning area of Hanoi capital, the key economic region of the North, Vinh Phuc is one of the provinces with the most developed economy in the North.
According to the Department of Planning and Investment of Vinh Phuc province, the province currently has 20 industrial parks with approved planning. Of these, 9 industrial parks are operating with an occupancy rate of over 80% of the total area. The province has attracted nearly 1,300 investment projects, including more than 450 FDI projects with a total registered investment capital of nearly 7.8 billion USD from 20 countries/territories; nearly 830 DDI projects with a total investment capital of over 130 trillion VND; creating jobs for hundreds of thousands of workers inside and outside the province.
Notably, the presence of large investment projects and multinational corporations such as Honda, Toyota, Piaggio, etc. has contributed significantly to economic growth, budget revenue, economic restructuring, job creation, and a new wave of investment for Vinh Phuc province. Projects and investment enterprises have made remarkable progress in terms of quantity, scale, structure, and quality.
Create a favorable environment for investors
These achievements are thanks to efforts to improve the business investment environment, synchronize industrial zones, and facilitate investors through open mechanisms and policies that Vinh Phuc province is vigorously implementing.
Specifically, Vinh Phuc province always focuses on investment promotion, improving the quality of investment attraction; encouraging, supporting and creating a favorable environment for enterprises to invest and do business effectively in industrial zones. At the same time, the province also thoroughly directs all levels, sectors and localities to implement the motto of accompanying investors; paying attention to and supporting to solve difficulties and problems for enterprises.
In addition, Vinh Phuc also prioritizes land funds to attract strategic investors to carry out large-scale investment projects in specific fields, and develop industrial parks in the province's investment attraction fields...
Currently, 100% of investment procedures in Vinh Phuc province are declared online on the national information system; 100% of labor administrative procedures are performed on-site, with shortened processing time, making it quick and convenient for businesses.
The People's Committee of Vinh Phuc province also promptly issued documents recommending the Government and ministries and branches to amend, supplement, abolish and simplify administrative procedures under their authority; develop synchronous solutions to handle administrative procedures in the electronic environment; develop a process for monitoring, resolving and responding to investors' difficulties; innovate the content of meetings and dialogues with businesses to listen to feedback and promptly find solutions to remove difficulties and obstacles.
To continue to make breakthroughs in the new development stage, Vinh Phuc has proactively proposed groups of fundamental and breakthrough solutions, creating new advantages and attracting strategic investors. Specifically, the province will continue to research and develop mechanisms and incentive policies to attract strategic investors, focusing on developing a number of incentive policies for each investor and each field that needs to attract investment; continue to develop industrial parks and social infrastructure.
Vinh Phuc is also actively and effectively implementing the Project to attract strategic investors to invest in the province until 2030 as well as establishing the Provincial Investment Promotion and Enterprise Support Center with the expectation of soon achieving effectiveness with many large projects, positively impacting the local socio-economy.
