Promoting the strengths of a land rich in cultural traditions, the origin of innovative thinking and household contract creation in agricultural production, generations of provincial leaders have always been pioneers in innovation, flexibility, and creativity in breakthrough thinking and ways of doing things. Today, Vinh Phuc has grown strongly, becoming one of the leading localities in the country in terms of socio-economic development speed.
Toyota Vietnam Automobile Company contributes greatly to the provincial budget, creating jobs for many local workers.
Recalling the time when the province was re-established in 1997, Vinh Phuc was a poor province with more than 90% of its labor force working in agriculture; the poverty rate was high; budget revenue reached only over 100 billion VND, mainly depending on subsidies from the Central Government; average income per capita reached 140 USD/year, ranking 57th out of 61 provinces and cities.
Facing difficulties and recognizing the strengths of geographical location, natural conditions, and human resources, in the early years of re-establishing the province, Vinh Phuc determined to "take industrial development as the foundation to promote the development of other sectors".
Piaggio Vietnam Co., Ltd. creates a safe and friendly working environment for employees.
To achieve this goal, the Provincial Party Committee, People's Council and People's Committee have issued and implemented many preferential policies to attract investment in the industrial sector such as policies on developing supporting industries; selecting qualified investors to invest in infrastructure of industrial parks (IPs); helping enterprises access preferential credit sources, reducing land rents, extending land tax payment deadlines; mobilizing advance funds from enterprises to quickly clear land; promoting administrative reforms, especially reforming administrative procedures; completing infrastructure inside and outside the IPs...
The investment and business environment is constantly improved and highly appreciated by investors. For many consecutive years, Vinh Phuc's Provincial Competitiveness Index (CPI) has been among the top in the country.
Thanks to the innovation, dynamism and creativity of authorities at all levels, the province's investment attraction has achieved positive results. By the end of 2024, there were 1,304 projects in the province, including 476 FDI projects with a total investment capital of more than 8.43 billion USD; 829 DDI projects with a total investment capital of more than 142 trillion VND. Many large investors have invested in industrial parks such as Honda, Toyota (Japan), Piaggio (Italy), HonHai and Compal (Taiwan - China), Daewoo (Korea) ... contributing to creating a dynamic Vinh Phuc, leading the industrialization and modernization process.
In the agricultural sector, the province issued Resolution No. 10 on restructuring the agricultural economy in the period of 2001 - 2005; Resolution No. 03, dated December 27, 2006 of the Provincial Party Committee on agricultural and rural development, improving farmers' lives in the period of 2006 - 2010, with a vision to 2020 - this is considered a Resolution of "Party's will - people's heart", aiming towards an advanced agriculture, which is one of the practical bases for the Central Government to issue Resolution 26, dated August 5, 2008 on agriculture, farmers, and rural areas and is a premise for the province to implement the New Rural Development Program with high results.
Over the past years, the Provincial People's Council and People's Committee have concretized the policies of the Provincial Party Committee through mechanisms and policies such as exempting irrigation fees for agricultural production; supporting rural traffic; supporting crop growing areas and building concentrated production areas; investing in solidifying canals; granting service land; supporting investment for communes, wards and towns with agricultural land that must be recovered for socio-economic development, national defense and security.
In 2023, the agricultural sector will achieve a growth rate of 5.29%, ranking first in the Red River Delta and ninth in the country; the dairy herd will reach 17.6 thousand heads, ranking sixth in the country; the poultry herd will reach over 12 million heads, ranking 12th in the country.
Vinh Phuc farmers use rice transplanters and pesticide spraying planes to serve production.
Vinh Phuc is one of four provinces and cities nationwide that has issued a special poverty reduction support policy, thereby expanding the age of beneficiaries of the policy, actively contributing to supporting poor and near-poor elderly people without pensions and other benefits to improve and enhance their quality of life.
On average, each year, the provincial budget supports more than 300 billion VND to implement policies for beneficiaries. The whole province no longer has poor households that are beneficiaries of the policy for people with meritorious services. 100% of communes meet the criteria for the poverty rate in new rural construction.
In particular, on March 12, 2020, the Provincial Party Committee issued Resolution No. 12 on improving income and welfare of Vinh Phuc people by 2025, with a vision to 2030, contributing to creating a solid foundation to ensure social security, improve and comprehensively enhance the material and spiritual life of the people, and create a driving force for sustainable development. Recently, the province has exempted tuition fees for preschool children and all students in the area.
From breakthrough policies, over 27 years of construction and development, the province has become one of the localities maintaining a high growth rate in the country; on average, in the period of 1997 - 2023, the economic growth rate of the province increased by more than 10% (some years increased by more than 20%), higher than the average growth rate of the whole country and the provinces in the Red River Delta.
In 2024 alone, with many unprecedented fluctuations and difficulties, Vinh Phuc overcame, demonstrated its intellectual capacity, and completed 15/15 main socio-economic targets; total budget revenue reached 31.4 trillion VND, up 3.5% compared to the Central Government's estimate and up 4.1% compared to 2023, of which domestic revenue is estimated at more than 26 trillion VND, up 4% compared to the Central Government's estimate, up 1.6% compared to 2023.
The health sector targets were all achieved and exceeded the set plan, such as the number of doctors per 10,000 people reaching 16.9; the number of hospital beds per 10,000 people reaching 43.6; the rate of population with health insurance reaching over 95%. These are proud achievements for Vinh Phuc to enter a new era with the belief and aspiration for a prosperous and developed Vinh Phuc.
In order to create new opportunities and chances for Vinh Phuc to continuously develop and steadily enter a new era, an era of national growth, the province has innovated its approach to attracting investment, shifting from waiting for investors to proactively calling for investors with capacity, guaranteed financial resources, experience and enthusiasm to implement large-scale, synchronous, modern, interconnected and high value-added projects; implementing new current driving forces such as digital transformation, innovation, and application of modern science and technology in all sectors and fields.
This was demonstrated in the last months of 2024, when the province successfully organized the Forum "Comprehensive green solutions for industrial parks and investment promotion in Vinh Phuc province"; the 2nd Vinh Phuc province's Innovation and Startup Festival in 2024 (Techfest VinhPhuc 2024) with the theme "Vinh Phuc - pioneering innovation, aspiration for innovation". Notably, Vinhomes Joint Stock Company proposed a project to use 2,375 hectares to build an international-class urban and entertainment complex in Vinh Phuc.
With firm faith in the Party, new motivation, new aspirations, creative spirit, and the spirit of overcoming difficulties, Vinh Phuc will achieve the double-digit growth target, and together with the whole country, firmly enter a new era, an era of national growth.
Article and photos: Mai Lien
Source: https://baovinhphuc.com.vn/Multimedia/Images/Id/123515/Khoan-ho-tao-dot-pha-doi-moi-tu-duy-phat-trien-kinh-te
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