The "wave" of continuous investment in Vinh Phuc. Photo: TL

Attract FDI in 2 years, 80% of the 5-year target

According to Vinh Phuc Department of Planning and Investment, up to now, the province has 462 foreign direct investment (FDI) projects, total registered capital of 7.41 billion USD; 824 domestic direct investment (DDI) projects, total investment capital of 110 trillion VND.

With the presence of large investment projects, multinational corporations not only make major contributions to economic growth, budget revenue, economic restructuring, job creation, but also create jobs. new "wave" of investment for Vinh Phuc.

Mr. Nguyen Van Do - Director of Vinh Phuc Department of Planning and Investment said that the presence and profitability of FDI enterprises has pushed domestic enterprises to constantly innovate technology and methods. manage to further improve the quality and competitiveness of products and services in the market; promote the formation and development of many industries, fields and services and play an important role in introducing, building brands and promoting the image of Vietnam in general and Vinh Phuc province in particular to you. world friends.

Especially, in the context of world economic integration, through FDI investors, Vinh Phuc has established economic cooperation relations with many localities in the world such as: Cheongbuk province, Gyeonggi province (Korea). ); provinces of Saitama, Shizuoka, Tochigi (Japan), Oregon state (USA) or large economic groups such as Sojitz, Sumitomo, Compal, Deawoo Bus... followed by the promotion of cooperation in the fields of culture, education, health care with many countries and territories around the world.

Realizing investment attraction

In order to continue to attract domestic and foreign investment, Vinh Phuc province always strives to improve the quality of administration of governments at all levels, focusing on administrative reform, supporting businesses in the province, domestic and foreign investors, especially multinational corporations, and strategic investors are interested in exploring investment opportunities in Vinh Phuc.

In which, leaders of Vinh Phuc province directed all levels and branches in the province to well implement 6 contents. Specifically, Vinh Phuc will apply investment incentives for businesses in accordance with regulations, well implement the province’s own investment support mechanisms and policies and will continue to develop sets of policies. in order to diversify investment fields, increase access to investment support for businesses and investors in the province.

At the same time, the province supports enterprises to access land in the fastest time as prescribed by law. Preparing the land fund, as well as being drastic in directing site clearance and creating a land fund to be ready to receive investment projects; support to solve labor problems for enterprises such as training and recruiting workers.

Licensed investment policy in 16 FDI projects in the first quarter of 2023

According to the Vinh Phuc Statistical Office, the FDI attraction in the first quarter of 2023 of Vinh Phuc province showed a positive signal with the licensing of investment policies for 16 FDI projects (6 newly licensed projects, 10 regulated projects). capital adjustment), with a total registered capital of 174.80 million USD.