Vinh Phuc from the Investor Perspective

11:52:53 AM | 26/9/2019

Vinh Phuc is a testament to a dynamic and flexible locality chosen as a business destination for many giant multinational corporations such as Honda, Toyota (Japan), Piaggio (Italy), Patron Vina, Heasung Vina, Jahwa, Sindoh (Korea), and Prime Group (Thailand). Many investors appreciate advantages, potential and open investment attraction policies of the province.

Ms. Do Thu Hoang, Deputy General Director of Toyota Motor Vietnam

Vinh Phuc is one of localities with appealing investment policies strongly interested and highly appreciated for its investment climate by foreign investors, particularly Japanese like Toyota Motor Vietnam. Since its inception, Toyota Vietnam received strong, positive and maximum support from local authorities, particularly in tax policy, power access and water supply, for its manufacturing activity. We highly appreciate and sincerely thank Vinh Phuc for its attention, effort and timely action for Toyota Vietnam. Toyota Motor Vietnam wants to maintain production to play a bigger role in Vietnam in general and in the automotive industry as well as Vinh Phuc province in particular. We will try our best to improve our competitiveness amidst market fluctuations in the near future. In order for the company to develop sustainably, contribute more to local development and improve people’s livelihoods, we hope to further receive support and cooperation from local authorities.

Mr. Costantino Sambuy - Chief Executive Officer of PIAGGIO Vietnam

We picked Vinh Phuc as an investment site for some reasons. First, we found that the people here are very knowledgeable in our field, especially in motorcycle manufacturing. Second, from peers’ previous investment projects, we see that this industry is strongly supported by the provincial government. Third, Vinh Phuc province has a well-trained labor force. After many years of operation in the province, all our expectations have been achieved, and even exceeded what we had expected.

Mr. Kim Woo Dong - Import and Export Director of Partron Vina Co., Ltd (Khai Quang Industrial Park)

In 2008, Partron Vina started to invest in Vinh Phuc with an electronic component manufacturing factory, mainly supplied to Samsung Vietnam and exported to Japan, Singapore, India and Brazil. At present, the company is employing nearly 5,500 workers for four factories in Vietnam, including three in Vinh Phuc province with 5,000 workers. The company’s revenue reaches US$600 million a year on average. In Vinh Phuc, Partron Vina has received great support from local authorities. The investment climate here is very good and favorable. Many South Korean businesses decided to invest here after they conducted surveys. As the company’s business is involved in export and import, a lot of orders are fulfilled late in the day. Fortunately, Vinh Phuc customs officers are still ready to help us to complete our business documents overtime.

Mr. Ngo Huu Tiep - General Director of Giza E&C Company

Vinh Phuc province always affirms the importance of making its investment environment better to entice investment flows, including FDI. In light of the motto “All investors in Vinh Phuc are citizens of Vinh Phuc. The success of every business is the success and pride of the province”, the Vinh Phuc Provincial People’s Committee always facilitates and works together with our company to deal with troubles when we invest here. The slogan impresses investors, our customers, and even construction companies like Giza Vietnam. It also increases the compassion and confidence of foreign partners about business opportunities here.

T.H