Vinh Phuc IPs Boosting Business Support

9:58:09 AM | 10/12/2021

Tenants in Vinh Phuc province-based industrial parks have borne the brunt of the COVID-19 pandemic. Before this reality, Vinh Phuc Industrial Parks Authority has actively supported them to deal with tough difficulties in business investment and built the confidence of domestic and international investors.

Mr. Vu Kim Thanh, Deputy Director of Vinh Phuc Industrial Parks Authority, said local industrial parks housed 331 active projects (including 287 FDI projects and 44 DDI projects) as of late September 2021, accounting for 82% of total investment projects. The projects are employing 106,064 workers and positively helping local socio-economic development. During the ongoing fourth COVID-19 pandemic outbreak, tenants in industrial parks faced enormous difficulties and challenges such as labor, finance (tax, fee and debt); equipment and input supply for production, and consumer market. Furthermore, workers in industrial parks are increasing in number. Thus, labor authorities also find it hard to ensure balanced and stabilized employer and employee relationships. Aiming to help businesses stabilize production and pursue sustainable development and build investor confidence in the friendly business climate of Vinh Phuc, the Vinh Phuc Industrial Parks Authority has carried out many support activities for enterprises in an open manner. In particular, it has paid special attention to supporting legal affairs and facilitating businesses to access legal and administrative procedures easily, ensuring social security to cope with the COVID-19 pandemic.

The Vinh Phuc Industrial Parks Authority has consistently carried out the dual goals of "fighting the pandemic and developing the economy". Closely directed by the provincial government, it has focused on working tasks and carried out the Action Program announced by the Provincial People's Committee and resolutions of the Government on main tasks and solutions for boosting socio-economic development, improving the business environment, enhancing national competitiveness, removing business difficulties and ensuring social security to deal with the COVID-19 pandemic. It has directly and closely supervised COVID-19 pandemic prevention and control in local industrial parks as guided by the Ministry of Health, the Provincial Party Committee and the Provincial People's Committee.

In the coming time, the Vinh Phuc Industrial Parks Authority will strive to fulfill its administration tasks; improve the business and investment environment and support enterprises; actively prepare all necessary conditions to attract domestic and foreign investment, especially anticipating new opportunities opened up after the pandemic; focus on drawing projects using advanced technology, making high added value and employing environment-friendly technology; and promptly respond to investors' requests for necessary investment information in Vinh Phuc province.

By Nguyet Tham, Vietnam Business Forum