With the attention and support of all levels and sectors, especially the efforts of the business community, up to now, investors in the province, especially projects with foreign direct investment capital, have not only created jobs and income for workers but also made an important contribution to economic development, striving for double-digit growth in 2025.
After nearly 30 years of re-establishment, the province's socio-economic situation has achieved positive results in many areas. The economic structure has shifted towards industrialization and modernization, playing a leading role and driving force for economic development. In particular, the state budget revenue is always among the top 10 provinces in the country. Since 2004, the province has been able to balance its budget expenditures and contribute to the central budget.
Honda Vietnam Company is increasingly developing sustainably, contributing positively to the State budget.
Contributing to the economic development achievements of the province in recent times is the work of attracting investment, especially strategic investors who have invested in large projects, modern and advanced technology, green and sustainable development in the area such as Honda Vietnam Company, Toyota Vietnam Automobile Company...
Corporations and companies not only contribute to creating jobs and income for tens of thousands of workers, increasing the State budget revenue, but also stabilize the macro-economy, promote economic restructuring, and at the same time apply advanced technologies and modern production processes, helping to reduce emissions and save energy.
Enterprises have taken many practical actions such as enhancing waste management, recycling raw materials and developing environmentally friendly products. These efforts not only enhance brand value for investors but also create a better living environment for the community, affirming the commitment of enterprises to the green and sustainable development of the province.
Established and put into operation since 1996, Honda Vietnam Company currently has 3 factories operating in the province, including 2 motorbike factories and 1 automobile factory, with a total area of nearly 150 thousand m2, capacity of 1.75 million motorbikes/year, 35,000 automobiles/year.
In 2024, despite many difficulties and challenges, Honda Vietnam achieved outstanding results in production and business activities, continuing to affirm its position as the leading motorcycle and automobile manufacturer in Vietnam, contributing to the budget by 14% compared to 2023.
In particular, implementing the electrification strategy, in the period of 2024 - 2026, the company will launch more than 10 electric motorbike models globally; in the period of 2026 - 2030, there will be 30 electric motorbike models globally; by 2050, it will achieve carbon neutrality - Net Zero. For automobiles, in the period of 2023 - 2030, the target for pure electric vehicles/fuel cell vehicles (EV/FCEV) globally is 30%.
Responding to the Prime Minister's initiative in 2020 on the program "One billion trees for Vietnam", Honda Vietnam has so far donated more than 31,500 trees to 8 provinces and cities across the country, including Vinh Phuc. This contributes to landscape improvement, climate change prevention, natural disaster mitigation, and the program also hopes to support long-term livelihoods for people, aiming at the goal of sustainable economic, social and environmental development.
In 2024, Vinh Phuc will carry out socio-economic development tasks in conditions with many advantages mixed with difficulties and challenges. However, with the determination of the Provincial Party Committee, People's Council, People's Committee and the active participation of the people and the business community, the province's socio-economic situation has achieved positive results in many fields, in which attracting FDI continues to be a bright spot with more than 630 million USD (an increase of 59% compared to the set plan).
Many large corporations and enterprises have come to learn about the investment environment in the province and have proposed support and cooperation with the province such as Samsung Vietnam Group, T&Y SuperPort Joint Stock Company, Sojitz Group, Sumitomo Group, Signetics Joint Stock Company.
In particular, the province signed a Memorandum of Understanding with investors for a project to build a semiconductor factory with a total investment of more than 100 million USD; Polaris Vietnam Co., Ltd. inaugurated a motorcycle and motorbike manufacturing factory with a total investment of more than 40 million USD, with an expected capacity of about 30,000 products/year.
With the goal of attracting an additional 2 - 2.5 billion USD in investment capital from the FDI sector by 2030; attracting 1 - 5 multinational corporations in the group of 500 largest corporations in the world; increasing the proportion of registered investment capital from countries and territories in some regions in the total FDI capital of the province to more than 80%, the province continues to innovate investment promotion activities in a focused, key, addressable and in-depth direction.
At the same time, priority is given to projects of enterprises using high technology, applying green production solutions, being environmentally friendly and having the ability to minimize negative impacts on the ecosystem.
Develop policies to encourage and support businesses to switch to sustainable, environmentally friendly production models, organize forums and seminars so that businesses can share experiences, update the latest trends in green development, thereby finding suitable solutions to apply to production and business practices...
Article and photos: Hong Tinh
Source: https://baovinhphuc.com.vn/Multimedia/Images/Id/123632/Nguon-von-dau-tu-truc-tiep-nuoc-ngoai-%E2%80%9Ctao-luc%E2%80%9D-tang-truong-kinh-te
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