Vinh Phuc - Reliable Destination for Investors

10:33:59 AM | 26/10/2020

By strengthening investment promotion activities at home and abroad; stepping up administrative procedure reform and supporting business development, Vinh Phuc has now become a reliable destination for domestic and foreign businesses.

After studying the investment environment in Vinh Phuc, Futaba Sangyo Vietnam Co., Ltd decided to choose Thang Long Vinh Phuc Industrial Park as the destination to implement their project. With 100% capital from Japan, on average, each year, the company produces about 500,000 car seat covers that are exported to Japan. Assessing the investment climate in Vinh Phuc province, Mr. Uchikoshi Masanori, General Director of the company, said: "I am very proud working here in Vinh Phuc province. The province has a good traffic system and is conveniently located, adjacent to Noi Bai international airport and the northern industrial development belt. It is very favorable for implementation of investment, production and business projects. Good temperate climate and geological structure is also a plus. In my opinion, Vietnam is a politically stable country and Vinh Phuc converges the conditions that we need. For example, provincial leaders of all levels always support businesses and promptly remove difficulties and obstacles throughout the operation process. Therefore, we have chosen Vinh Phuc to start a business."

As one of the enterprises making a positive contribution to the socio-economic development of Vinh Phuc province, Interflex Vina Co., Ltd (Ba Thien Industrial Park) was honored at the 5th National Emulation Congress of the province for its outstanding achievements in the period 2015 - 2020. Mr. Ji Young Ju, Director of Administration - Human Resources of Interflex Vina Co., Ltd, said: “Vinh Phuc is an ideal destination for businesses investing in Vietnam. Besides a favorable trading location, the province also has an open mechanism in attracting investment, building technical infrastructure, creating favorable conditions for businesses to expand production scale. When investing here, we also take advantage of abundant human resources and low cost of living. On the contrary, we have the responsibility to contribute to the provincial budget, help the province train high-quality human resources, create many jobs and contribute to ensuring local social security.”

Established in 2008 with 100% Korean investment, specializing in manufacturing phone components, after more than 12 years in Vinh Phuc, Partron Vina Co., Ltd, a component supplier to SamSung Group, (Khai Quang Industrial Park) has repeatedly increased investment capital to expand production scale. Currently, Partron Vina has become a leading large-scale manufacturer in the province, significantly contributing to the formation and development of supporting industries in the province. Mr. Nguyen Quoc Tuan, Deputy Director of Sales Department of Partron Vina Co., Ltd, said: “The improved investment environment and the support of Vinh Phuc government have facilitated enterprises in the province, making major contributions to the State budget, creating tens of thousands of jobs.”

In the context of the complicated global pandemic, causing many businesses to go bankrupt, stall or shrink their production and business, many investors still choose Vinh Phuc as a reliable and joint destination. That many investors continue their investment in expanding production scale has confirmed the correctness of the strategic vision set by the Party committees and authorities of Vinh Phuc province in the past term.

Source: Vietnam Business Forum

 

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