With many advantages in geographical location and a better investment environment, Vinh Phuc province has been one of the largest investment destinations in the country in recent years. Many giant investment projects have come from countries with developed industries, particularly Japan.
According to Vinh Phuc Investment Promotion and Business Support Center, by the end of March 2025, the province was home to 477 FDI projects with a total investment capital of US$8.5 billion, including 62 projects with US$1.88 billion from Japan, which ranked second in investment value among more than 20 countries and territories investing in Vinh Phuc.
Japanese investment projects are mainly in the supporting, automobile and motorbike industries with notable investors including Toyota, Honda and Hitachi Astemo. Thang Long Vinh Phuc Industrial Park, invested by Sumitomo Group of Japan, has attracted a lot of big high-tech investment projects from Japanese investors. In 2023, Vinh Phuc province licensed the Vinabeef Tam Dao Breeding & Beef Processing Complex Project with a capacity of 30,000 head a year, equivalent to 10,000 tons of meat a year. The facility was invested with modern, advanced European technologies and Japanese meat processing techniques to ensure world-standard product quality.
In addition, seeing Japan as a strategic investor, Vinh Phuc province established cooperative relations with two Japanese localities, Akita Prefecture and Tochigi Prefecture; and set up Japan Desk in Vinh Phuc to synthesize and grasp recommendations, difficulties and problems faced by businesses and report them to the Provincial People's Committee for direction and resolution. At the same time, a working group was formed by Vinh Phuc province and Honda Vietnam Company to support businesses to adopt solutions to reduce environmental emissions in production.
Besides, Vinh Phuc regularly updates and shares central and local information, policies and mechanisms on investment attraction and business support; and strengthens support activities for partners of Sojitz Corporation of Japan and Vinamilk Corporation to research and implement investment projects.
In early April 2025, a Vinh Phuc working delegation led by Chairman of the Provincial People's Committee Tran Duy Dong visited Japan to boost investment promotion. He introduced local advantages, incentives for investors, administrative procedure reform, human resource training and support for investors to pick favorable locations for warehousing and logistics services.
Moreover, the province also advocates supporting digital transformation, applying advanced technologies and upgrading management to reduce costs for businesses and address social issues caused by the aging population.
Vinh Phuc is committed to facilitating Japanese companies to invest, develop and succeed in the province.
By Hien Van, Vietnam Business Forum
Vietnamese
