Vinh Phuc province is continuing its efforts to improve the investment and business environment, and prepare conditions for infrastructure, premises and human resources to enhance investment promotion and attraction in the coming time. Mr. Nguyen Van Do, Director of the Department of Planning and Investment of Vinh Phuc province, had an interview with Vietnam Business Forum reporters about this issue. Ngo Khuyen reports.
“Potential, Secure and Distinctive” is the theme of the Quang Binh Investment Promotion Conference 2021, the starting activity for the new development phase of 2021-2024. This event takes place on the occasion of the commencement of Quang Trach 1 Thermal Power Plant. This is also an opportunity to boost a new image of Quang Binh province as a promising land for economic development, tourism, renewable energy, agriculture and forestry development.
Despite numerous difficulties, Quang Binh province has mobilized resources for developing infrastructure in economic and industrial zones, accelerated administrative reform, and improved support services for projects to facilitate economic restructuring, enhance competitiveness and unlock local potential and strengths.
Full of potential and ambitions, in recent years, Quang Binh province has made enormous efforts to attract more investment funds, especially through investment promotion conferences, and attained remarkable achievements.
In the 2016 - 2020 period, Quang Binh province has mobilized more than VND93 trillion (US$4 billion) from the central budget, ODA funds, local budget, corporate investment and people’s funds.
In the first 10 days of the new year 2021, the southern province of Dong Nai attracted more than US$226 million in foreign direct investment (FDI), mostly from the Republic of Korea (RoK) and Japan.
Foreign Direct Investment (FDI) registered in Vietnam hit US$28.53 billion in 2020 as of December 20, 2020, down 25% year on year, according to the Ministry of Planning and Investment. They disbursed US$19.98 billion of their registered value, down 2% year on year.
Vinh Phuc is one of the biggest recipients of FDI funding in the north of Vietnam. The province has to date attracted 1,206 investment projects with a total registered capital of over US$10 billion.
That was shared by Mr. Le Duy Thanh, Chairman of Vinh Phuc Provincial People's Committee, at the seminar on investment promotion of Korean businesses.
As of November 15, 2020, Vinh Phuc province-based industrial parks were home to 377 valid investment projects, including 66 DDI projects with a total registered value of VND13,766.1 billion and 311 FDI projects with US$4.45 million.
At the Japan Meeting in 2020, held at the end of November, Mr. Le Duy Thanh, Chairman of the Vinh Phuc Provincial People's Committee, emphasized Vinh Phuc's views and policies on investment cooperation with Japan. He said, Vinh Phuc always sees Japanese localities and enterprises as the most important partners and one of pillars in the development strategy and international integration of the province.
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