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Vinh Phuc always welcomes investors

Tuesday, 17/04/2018

In recent years, Vinh Phuc has become as one of the provinces having great attraction in calling for FDI capital for the big change the in socio-economic development that affirms the motto of the province. "Investors in Vinh Phuc are citizens of Vinh Phuc."

The electronic component production line of Cammsys Vietnam (Ba Thien IP, Binh Xuyen district)

In the early days of its re-establishment (1997), Vinh Phuc faced to many difficulities such as: infrastructure was outdated; industry and services were not developed; the average income per capita was about 2 million dong/year... More than 20 years later, Vinh Phuc has attracted 260 FDI projects with the total registered capital of USD 3.7 billion.

In 2016, the total provincial budget revenue exceeded VND 30 trillion (nearly 280 times higher than that in 1997); in which, domestic revenue in many years ranked the second position in the North, only after Hanoi capital. Currently, the province has been planned 19 industrial zones on an area of 5,500ha and 11 industrial parks were established.

Up to now, Vinh Phuc has formed many industries carrying its own strengths such as: assembly automobile - motorbikes, electronic components, garment production, wall tiles ... Many FDI projects of large business groups such as: Toyota, Honda (Japan), Piaggio (Italy), Patron Vina, Heasung Vina, Jahwa, Sindoh (Korea), Prime Group (Thailand) ... investing and operating more and more effectively, creating jobs for over 75 thousand workers. This success has had the important contribution of FDI enterprises and investors.

According to Vice Chairman Le Duy Thanh, at present, FDI enterprises has great contribution to the export sector with the proportion of over 95%; the agricultural sector of the province only accounted for 9%, the other percentage belongs to industry and

With the strategy: focusing on the policies of connecting with large enterprises, foreign-invested enterprises, developing supporting industries, joining the global supply chain, thereby enhancing the potentials of domestic enterprises and bringing the value to the economy, in the past years, the province has issued many preferential policies on investing, accelerating administrative reform; removing difficulities, encouraging start-up ... By the end of 2017, the province had 8,400 enterprises registering 70 trillion dong.

Not only focusing on industrial development, attracting investment in localities, Vinh Phuc has promulgated specific mechanisms and policies to step by step attract investors to northern districts of the province.

So far, Song Lo has formed two Industrial Zones: Song Lo 1, Song Lo 2 on over 300 hectares; Lap Thach district has three industrial parks of Lap Thach I, Lap Thach II, and Thai Hoa - Lien Hoa - Lien Son on over 839 ha.

To achieve the target of attracting USD 250 million of FDI capital and VND 2.5 trillion of DDI capital in 2018 and becoming one of the centers of industry, service and tourism of the region and the country in the 20s of the 21st century, in the coming time, the province will boost and enhance the efficiency of attracting domestic and foreign investment, especially attracting FDI capital.

encourage the development of supporting industrial products for key products such as automobiles, motorcycles and construction materials; step by step develop the production of hi-tech products. Speed up the implementation of compensation, site-clearance, especially site- clearance of industrial zones and large projects ...

Effectively operate the public administrative centers of the province and districts; invest in infrastructure outside fences of some industrial parks to orient and attract investors. Promote investment promotion and support, especially promoting on-the-spot investment; thoroughly solve difficulties and bring satisfaction to investors and enterprises.

Vinh Phuc News


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