Vinh Phuc Creating Maximum Favorable Conditions for Investors

Japanese Prime Minister Suga Yoshihide has chosen Vietnam as the first destination in his overseas trip. At this time, Vinh Phuc province has also officially completed procedures for granting an investment certificate worth US$100 million to TOTO Vietnam Co., Ltd (under TOTO Japan Group) at Thang Long Industrial Park, Vinh Phuc.

Sharing about this important event, Standing Vice Chairman of the Provincial People's Committee Le Duy Thanh, emphasized: “It is our honor and pride that, on the first overseas trip by the new Prime Minister of Japan Suga Yoshihide, with Vietnam as the destination, Vinh Phuc was selected as the opening locality in the relationship between the two countries by implementing a large project worth up to US$100 million by a Japanese enterprise. This is the first project in the new term 2020-2025 of the Party Executive Committee of Vinh Phuc province. The event is even more meaningful because the Resolution of this Congress clearly states that the province's goal in the coming period is to build Vinh Phuc into an industrial province. Therefore, attracting investment and promoting industrial development is an important direction to sustain its socio-economic development”.

Sharing about the selection of Vinh Phuc as an investment destination, Mr. Hiroyoki Suzuki, General Director of Toto Vietnam Co., Ltd, said: "After consulting many sources, we learnt that Vinh Phuc is an attractive investment destination in Vietnam for many investors, including those from Japan, so the company decided to apply for investment in the province. We are pleased to receive the profound attention of the provincial authorities. Thus, within a short time, the investment licensing procedures were completed, creating maximum favorable conditions for us to take the next steps to quickly put the project into operation".

In the coming time, Vinh Phuc will continue to promote and attract investment projects with priorities given to large investors and projects of large-scale, quality, efficiency, creating good effects for the investment environment. At the same time, it is important to strengthen coordination between functional agencies to implement investment promotion activities in a comprehensive and effective manner; attracting resources to well exploit the potentials and strengths of the province, rationally using, saving maximum natural resources, protecting the environment, and ensuring sustainable development.

By Quynh Ngoc, Vietnam Business Forum