Mr. Tran Duy Dong, Chairman of the Vinh Phuc Provincial People’s Committee, recently hosted a meeting with Mr. Yoo Ji Han, Director of ISC Vina Manufacturing Co., Ltd.
ISC Vina Manufacturing Co., Ltd is a wholly South Korean-invested manufacturer of electronic components, located in Ba Thien II Industrial Park (Binh Xuyen district). The company is currently proposing its roughly US$30-million manufacturing expansion in the province.
At the meeting, Director Yoo Ji Han hoped that the province will continue to facilitate the company’s manufacturing expansion, support its labor recruitment, and introduce specific solutions for the company amid potential US tariff hikes on its exports.
Chairman Tran Duy Dong welcomed the company’s plan to increase investment and expand production in the province. Regarding the support for labor recruitment, he emphasized that Vinh Phuc pays special attention to training and improving human resources for businesses. In April, the Provincial People’s Committee organized a Human Resources Development Conference and the 2025 Job Fair, with the participation of universities, colleges, vocational training facilities, investors, experts, and over 400 local businesses.
According to a Vinh Phuc labor-employment and human resource development report, the province had more than 8,500 active businesses employing over 250,400 workers by 2024 and approximately 8,590 businesses with 251,000 workers by the first quarter of 2025. Of the workforce, 10,463 people worked in the automobile and motorbike manufacturing industry, 67,900 in the electronics industry, and 54,000 in textile, garment and footwear sectors. The average monthly income of a worker was estimated at nearly VND11 million. In the first quarter of 2025 alone, Vinh Phuc created jobs for 6,423 workers, including 6,241 placed in domestic jobs and 182 sent to work overseas under contract. The quality of the workforce has been steadily improving, with trained workers accounting for 81% in 2024.
The Department of Home Affairs is working to grasp corporate employment demands and direct vocational schools to coordinate with businesses in training and recruitment. In the coming period, following the merger of provinces, the labor supply is expected to grow, thus better meeting corporate recruitment needs.
Regarding the United States’ tariff policy, Dong noted that the U.S. has not officially implemented reciprocal tariffs on imports from Vietnam and the Vietnamese government has sent delegations to the U.S. for negotiations on tariff policies.
Concurrently, several measures are being implemented, like encouraging businesses and citizens to purchase and use U.S. products, providing support for enhancing the competitiveness of domestic goods, and stimulating businesses to expand export markets to the Middle East, Europe and other regions. Additionally, the government has introduced various tax exemption, deferral and reduction policies for businesses.
In Vinh Phuc, the Provincial People’s Committee organized two conferences to measure impacts of the U.S. tariff policy on Vietnamese goods and assigned relevant agencies to review and compile a list of affected businesses to work out appropriate business support policies.
Chairman Dong tasked related agencies to support ISC Vina Manufacturing Co., Ltd in carrying out investment procedures in accordance with regulations and actively coordinating with vocational schools to help the company recruit high-quality human resources.
By Nam Hung, Vietnam Business Forum
Vietnamese
