At the “Forum on Comprehensive Green Solutions for Industrial Parks and Investment Promotion in Vinh Phuc Province,” held on December 8-9 by the Vietnam Industrial Park Finance Association (VIPFA) in collaboration with the Vinh Phuc Provincial People's Committee, Mr. Tran Duy Dong, Chairman of the Committee, highlighted the achievements and future directions for green development in Vinh Phuc's industrial parks.
Vinh Phuc province is determined to advance digital government, economy, and society to attract investors and support businesses and citizens. As part of this effort, the local digital transformation is being implemented strongly, with an investment budget exceeding VND1,283 billion for 2014-2024.
As localities strive to implement fundamental solutions to enhance their investment climate and improve their Provincial Competitiveness Index (PCI), reclaiming one of the top positions in the PCI rankings in 2024 is not easy for Vinh Phuc province, and it still has much work to do to achieve this goal.
Vinh Phuc ranks among the Top 10 fastest-growing localities in the country, with its budget revenue placing 10th out of 63 provinces and cities. This achievement is largely credited to the province's proactive support for local businesses in overcoming challenges, fostering growth, and creating a more open and attractive investment environment.
Despite many challenges, Vinh Phuc's economy rebounded strongly in 2024, achieving consistent quarter-on-quarter growth and an estimated annual GRDP increase of 7.5-7.8%.
The investment and expansion of famous global brands such as Honda, Toyota, Piaggio, Sojitz, Sumitomo and Amanta serve as the most convincing evidence of Vinh Phuc's potential.
By advancing industrial park (IP) infrastructure and boosting investment promotion, especially locally, Vinh Phuc has attracted significant foreign investment and sustained impressive economic growth, with the gross regional domestic product (GRDP) rising 7.5–7.8% annually, surpassing the national average.
Tenants in Vinh Phuc's industrial parks (IPs) are now ramping up the "Excellent Workers, Creative Workers" program, refining techniques to boost productivity and product quality, while exploring new markets to meet their 2024 targets.
Mr. Tran Duy Dong, Chairman of the Provincial People's Committee of Vinh Phuc, recently hosted a working meeting with the Bulgarian business delegation led by Mr. Boyko Takow, Executive Director of the Bulgarian Small and Medium-Sized Enterprises Agency, to explore investment and business opportunities in the province.
With its strategic location, modern industrial park infrastructure, open investment policies, and focus on high-tech electronics, Vinh Phuc has become a hub for major electronics firms, boosting job creation and socioeconomic growth. However, the province faces challenges requiring sustainable development strategies.
Vietnamese
