Processing and manufacturing industry is a key sector attracting FDI investment.

Strongly improving the investment and business environment, in the first 8 months of 2024, the province granted investment registration certificates to 53 FDI projects with a total registered capital of more than 498 million USD, an increase of 3.92% in the number of projects and an increase of 6.38% in total registered capital compared to the same period in 2023, exceeding 24.53% of the assigned plan.

Lumi Vietnam Joint Stock Company, Thang Long Vinh Phuc Industrial Park (Binh Xuyen) supplies smart devices and IoT to many domestic and foreign partners.

In particular, the processing and manufacturing industry (including textiles, footwear; electronics, electrical equipment; mechanics and metal production...) continues to be the spearhead sector in attracting FDI investment with 50 projects, total capital of 408.13 million USD, accounting for 81.93% of total registered FDI capital.

Aiming to build Vinh Phuc into one of the largest industrial centers in the country in high-tech industry, electronics industry, automobiles - motorbikes... according to the Provincial Planning for the period 2021 - 2030, with a vision to 2050, the province identifies the processing and manufacturing industry as a key priority industry to attract investment.

Accordingly, the province continues to focus on implementing solutions to improve the investment environment, enhance provincial competitiveness; speed up the time to handle administrative procedures; selectively attract high-tech processing and manufacturing projects, smart industry, environmentally friendly, with high added value, economical and efficient use of land and resources, contributing greatly to GRDP growth and state budget revenue of the province.

News and photos: Luu Nhung

Source: https://baovinhphuc.com.vn/Multimedia/Images/Id/116873/Cong-nghiep-che-bien-che-tao-la-nganh-mui-nhon-thu-hut-du-tu-FDI