Party and worker union development in foreign direct investment (FDI) firms has enhanced its role and position, supported the stable and sustainable development of FDI firms, created a healthy, united working environment, and improved the quality and impact of business activities.
The Vinh Phuc Provincial People’s Committee and YCH Group Pte Ltd (Singapore) recently signed a memorandum of understanding (MoU) on training Vietnamese interns in the supply and logistics chain and conducting joint research on the establishment of an innovation center in Vinh Phuc province.
The Vinh Phuc ICD Logistics Center is a vital component of the socioeconomic development of Vinh Phuc province, according to Mr. Le Duy Thanh, Chairman of the Provincial People’s Committee, who recently met with Dell Group and T&Y Superport Joint Stock Company.
The industrial zones (IZs) in Vinh Phuc province attracted substantial investment in the first eight months of 2023, demonstrating their strong performance.
Vinh Phuc province is implementing various solutions to expedite the progress of local social housing projects in response to the Project on "Investing and constructing at least 1 million social housing apartments for low-income people and industrial zone workers in 2021-2030” initiated by the Party and the Government.
To prepare human resources to meet businesses’ needs in the new period, Vinh Phuc has introduced innovative solutions to improve the quality of human resources.
Not only focusing on attracting investors with large, high-tech investment projects, Vinh Phuc has also prioritized investors with green, high-tech projects powered by clean energy and rejected projects exposed to environmental pollution in a bid to support green and sustainable economic development.
Despite the global economic slowdown, businesses in Vinh Phuc province, including tenants in industrial zones (IZs), have overcome numerous difficulties and challenges this year by seeking new orders and restructuring their operations.
In 2023, Vietnam’s economy faced difficulties as the global economy experienced recession and inflation. This poses a considerable challenge for the finance sector to fulfill its budget collection tasks.
With the presence and successful investment of world-leading investors such as Honda and Toyota, Vinh Phuc has become one of the automobile and motorbike production centers in the northern key economic region and Vietnam.
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