Vinh Phuc: “Star of Reform”

9:35:00 AM | 4/11/2019

Vinh Phuc has been among few localities with a budget surplus since 2004 and is among the biggest budget contributors in northern Vietnam. With good advantages, potential and open investment policies, the province is assessed to have an attractive investment environment.

Speaking highly of the province’s achievements, especially in investment climate and budget collection, Prime Minister Nguyen Xuan Phuc said that well-developed infrastructure, well-trained human resources, open institutions, and effective investor supports are important factors to these successes. He added that its development potential is huge, hoping that it will become the fastest and most sustainable economic engine. To do this, Vinh Phuc needs to make a complete change, build business confidence and inspire innovative startups.

Mr. Hiroshi Fukada, Ambassador of Japan to Vietnam, said, Vinh Phuc has good investment policies and strongly interests Japanese investors. Most Japanese investors who have invested in Vinh Phuc highly appreciate the local business environment. This is a great success of Vinh Phuc province. He said that Vinh Phuc not only focuses on attracting investment in industry but also invests in service and tourism development in order to tap its advantages and build a more inclusive living environment.

Mr. Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry (VCCI), said, compared with other provinces and cities, Vinh Phuc has many advantages to draw more investment funds, for example its adjacency to Hanoi City and Noi Bai International Airport. As Hanoi - Lao Cai Highway is in operation, the province has more attractive advantages to investors. Besides the geographical location, Vinh Phuc is also one of a few localities resolute to improve the investment environment. The province has established the Investment Promotion Board led by the Chairman of the Provincial People’s Committee and this is the reason why investment projects in Vinh Phuc province are always best supported to be launched quickly and smoothly. Dubbing Vinh Phuc as a “star of reform”, Dr. Loc noted that Vinh Phuc is mustering various advantages plus dramatic improvements of the investment environment and human resources quality. These has made Vinh Phuc an ideal investment destination for domestic and foreign businesses.

Nguyet Tham