Industry accelerates, breaks through

With the efforts in leadership, direction and management of all levels and sectors, especially the active response and participation of the business community, in the first 4 months of 2025, the industrial production index (IIP) in the area increased by 13.36%, higher than the increase of 9.13% in the same period in 2024. This is the foundation for Vinh Phuc to rise up and break through to become one of the major industrial centers of the country, an attractive destination for investors in the new era.

Báo Vĩnh Phúc•15/05/2025

In 2025, Vinh Phuc will carry out the task of socio-economic development in the context of unpredictable developments in the regional and world situations, prolonged inflation, tight monetary policy, escalating geopolitical tensions, and many difficulties and challenges in the country and the province.

In that context, the province has proactively implemented synchronous solutions, closely following the direction of the Central Government, while flexibly managing key local programs and plans.

In particular, focusing on two main groups of solutions: reforming administrative procedures in the investment sector and supporting the removal of difficulties and obstacles for businesses, shifting awareness and action from "business management" to "supporting and serving businesses".

To strengthen the leadership role of the province, local authorities at all levels and further promote the potential, competitive advantages, improve the efficiency of developing industrial parks (IPs) in a sustainable direction and innovate the development model, the province has issued Decision No. 1739 on the establishment of the Steering Committee for Industrial Park Development, Action Program No. 07 on "Sustainable development of Vinh Phuc Industrial Parks".

Cosmos Technology Co., Ltd. (Khai Quang Industrial Park) is flexible in business adaptation, strengthening links with leading partners in the manufacturing industry to ensure growth plans. Photo: Duc Chung

Thanks to that, in the first 4 months of 2025, the industrial parks in the area attracted 17 new projects, including 10 new FDI projects, 16 FDI projects with increased capital with a total newly registered and adjusted capital of 162.22 million USD and 7 new DDI projects, 3 DDI projects with increased capital with a total newly registered and adjusted investment capital of more than 1,287 billion VND.

The increasing number of new projects and production expansion has created many new products, especially products supporting the production of electronic components, automobiles, motorbikes, etc., contributing to promoting industrial production growth, increasing export value, contributing significantly to the State budget and creating jobs for local workers.

Specifically, in the first quarter of 2025, revenue from FDI projects in industrial parks reached nearly 3,299 million USD, up 13% over the same period; export value reached nearly 2,839 million USD, up 15% over the same period; State budget contribution was more than 2,104 billion VND, up 24% over the same period.

Revenue from DDI projects in the industrial park reached nearly VND3,985 billion, up 22% over the same period; budget contribution was VND237 billion, up 72% over the same period.

The above figures have further confirmed that industrial production in the area continues to maintain positive growth momentum despite being affected by international trade policies.

In the first 4 months of 2025, the province's industrial production index (IIP) increased by 13.36%, higher than the 9.13% increase in the same period in 2024. Fortunately, the production index of key industries such as electronic components manufacturing, leather manufacturing and related products... increased sharply thanks to the flexibility and market diversification of enterprises and many new projects coming into operation, export orders being maintained and technology improved.

Currently, the province has 17 industrial parks that have been established and granted investment certificates/investment registration certificates with a total registered investment capital of more than VND 23,251 billion.

In the Provincial Planning for the period 2021 - 2030, with a vision to 2050; by 2030, the province is planned to develop 24 new industrial parks; by 2050, 29 industrial parks. In particular, priority is given to developing new industrial parks along key traffic routes such as Hanoi - Lao Cai Expressway, Ring Road 4, Ring Road 5.

Promoting the above advantages, striving to become a developed industrial province, one of the industrial, service and tourism centers of the region and the whole country, the province continues to prioritize attracting investment projects in the direction of modernity, high technology, environmentally friendly technology, with large investment capital and added value.

Strengthen on-site investment promotion, actively support investors through guidance, quickly resolve investment procedures and promptly remove difficulties in the investment, production and business process, ensuring the principle of equality between economic sectors and types of enterprises.

Coordinate with the People's Committees of districts, cities and relevant agencies, urge infrastructure investors to carry out compensation, site clearance, and deploy the remaining industrial park infrastructure, and at the same time resolve existing problems for each industrial park to create industrial land funds, prepare conditions for industrial park technical infrastructure to serve domestic and foreign investment attraction.

In particular, publicize and make transparent the policies and guidelines of the State and the province on investment and business, creating favorable conditions for enterprises to access information on mechanisms, policies, industrial park planning, and list of industries and sectors attracting investment.

Red

Source: http://baovinhphuc.com.vn/Multimedia/Images/Id/128283/Cong-nghiep-tang-toc-but-pha