Recently, at a working session with the Industrial Park Management Board, Mr. Tran Duy Dong set out goals and solutions to attract investment in Vinh Phuc.
According to the report, in 2024, the Provincial Industrial Parks Management Board granted new investment certificates and adjusted the investment capital increase for 74 projects, with a total registered capital of over 539 million USD, exceeding the annual plan by 54%.
In addition, the Board also granted new and adjusted capital increases for 24 FDI projects, with a total registered capital of VND 4,670 billion, exceeding the annual plan by 200%.
Up to now, industrial parks in the province have 503 valid investment projects; of which, 423 projects are operating in production and business, accounting for 84% of the total number of investment projects.
FDI enterprises in 2024 will contribute VND8,000 billion to the state budget. FDI enterprises will contribute VND370 billion to the budget.
Chairman of the Provincial People’s Committee Tran Duy Dong emphasized that attracting investment and developing industry are bright spots in Vinh Phuc’s economic picture. According to Mr. Dong, industry has always affirmed itself as the main driving force for the province’s economic growth.
In addition to the achieved results, the head of Vinh Phuc provincial government acknowledged that currently, attracting investment is facing difficulties and problems related to compensation, site clearance, difficulties in land allocation, land price determination, land fund development, etc.
In addition, Mr. Dong said that the occupancy rate of the province's industrial parks is still low; the total investment capital of FDI projects in the province is low compared to its potential, strengths and compared to some provinces in the Red River Delta; investment projects in the province in recent times are mainly assembly, with few high-tech industrial projects...
Faced with the above reality, Mr. Tran Duy Dong requested the Provincial Industrial Park Management Board to closely follow the Central's regional economic development plans and plans, the Vinh Phuc Provincial Planning for the period 2021 - 2030, with a vision to 2050, focusing on building Vinh Phuc province into a modern industrial province.
According to Mr. Dong, the province will decentralize and authorize the Industrial Park Management Board to be the focal point for licensing environmental impact assessment and acceptance of construction works in industrial parks;
Regarding the 2025 target, Mr. Dong said that with increased decentralization and assignment of tasks, at least 800 million USD in investment capital from FDI projects will be attracted.
In addition, the Chairman of Vinh Phuc province assigned departments, branches and localities to continue to remove difficulties and obstacles in compensation and site clearance for industrial parks; promote digital transformation in handling investment procedures.
Chairman of Vinh Phuc assigned the police to handle violations of urban planning management . Mr. Tran Duy Dong, Chairman of Vinh Phuc Provincial People's Committee, recently signed and issued Directive No. 19 on strengthening state management of urban planning and development in the province.
![[Photo] Prime Minister Pham Minh Chinh chairs Government Conference with localities on economic growth](https://vstatic.vietnam.vn/vietnam/resource/IMAGE/2025/2/21/f34583484f2643a2a2b72168a0d64baa)
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