According to the Department of Planning and Investment of Vĩnh Phúc Province, foreign direct investment (FDI) attraction in the first nine months of the year achieved high results, with total estimated capital reaching approximately 507.94 million USD (including 28 new projects with a total investment of 180.7 million USD and 30 projects with additional capital increases totaling 327.3 million USD). This represents a 3% increase compared to the same period in 2023 and exceeds the annual target (the 2024 target was set at 400 million USD). Notably, the electronics, computer manufacturing, and optical product sectors accounted for 292.3 million USD of the investment.
Currently, Vinh Phuc is focusing on attracting investment with the goal of promoting sustainable development and enhancing value-added contributions to the local economy. Several strategic investors, including Honda Vietnam, Toyota Vietnam, Samsung Vietnam Complex, and Signetics Korea, have explored the investment environment, and industrial real estate, and proposed support and cooperation in areas such as energy, Net Zero commitments, and green investment initiatives with the province.
Besides, Vinh Phuc is investing in comprehensive infrastructure development, creating modern industrial parks equipped with full facilities and support services. The province has systematically developed its power, water, and telecommunications systems to meet the needs of businesses. Notably, investment support centers have been established to provide information and consultation to investors regarding regulations, policies, and investment opportunities. Investors receive various incentives in terms of taxes, land rental, and investment credit, creating an ideal environment for startups and business expansion. This approach not only facilitates access to information but also builds investor confidence.
Source: Internet.
Vinh Phuc is implementing a strategic plan to attract key investors through 2030, aiming to attract an additional 2 to 2.5 billion USD in FDI and increase the proportion of investment capital from specific countries and territories to exceed 80% of the province's total FDI by 2030. To achieve this, provincial leaders are directing efforts to innovate and enhance the quality and effectiveness of on-site investment promotion activities while supporting and creating a favorable business environment for investors. Simultaneously, they are instructing departments, sectors, and localities to effectively implement the province's investment support mechanisms and policies and to continue developing policy packages that diversify investment fields and improve access to investment support for businesses and investors in the area. The province is also intensifying efforts in land clearance compensation to create a clean land fund for enterprises to build factories and implement production and business projects, streamlining administrative procedures, and resolving difficulties in investment licensing and related permits for businesses.