Industry accelerates, making breakthroughs.

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

In 2025, Vinh Phuc will undertake its socio-economic development tasks amidst unpredictable regional and global developments, prolonged inflation, tight monetary policies, escalating geopolitical tensions, and numerous domestic and provincial difficulties and challenges.

In this context, the province has proactively implemented a comprehensive set of solutions, closely following the directives of the central government, while flexibly managing key local programs and plans.

Specifically, the focus is on two main groups of solutions: reforming administrative procedures in the investment sector and supporting businesses in overcoming difficulties and obstacles, shifting the mindset and actions from "managing businesses" to "supporting and serving businesses".

To strengthen the leadership role of the province and local authorities at all levels, and to further develop the potential and competitive advantages, and to improve the efficiency of industrial park development in a sustainable and innovative manner, the province has issued Decision No. 1739 on the establishment of the Steering Committee for Industrial Park Development and Action Program No. 07 on "Sustainable Development of Vinh Phuc Industrial Parks".

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

As a result, in the first four months of 2025, industrial parks in the area attracted 17 new projects, including 10 new FDI projects, 16 FDI projects with increased capital adjustments totaling $162.22 million, and 7 new DDI projects, 3 DDI projects with increased capital totaling over VND 1,287 billion.

The high number of new projects and production expansions has created many new products, especially those supporting the electronics, automotive, and motorcycle manufacturing industries, contributing to the growth of industrial production, increasing export value, making a significant contribution 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 US$3,299 million, an increase of 13% compared to the same period; export value reached nearly US$2,839 million, an increase of 15% compared to the same period; and contributions to the State budget exceeded VND 2,104 billion, an increase of 24% compared to the same period.

Revenue from domestic direct investment (DDI) projects in industrial parks reached nearly VND 3,985 billion, a 22% increase compared to the same period last year; tax contributions to the state budget totaled VND 237 billion, a 72% increase compared to the same period last year.

These figures further confirm that industrial production in the area continues to maintain positive growth momentum despite the impact of international trade policies.

In the first four months of 2025, the province's industrial production index (IIP) increased by 13.36%, higher than the 9.13% increase in the same period of 2024. Encouragingly, the production index of key industries such as electronic component manufacturing, leather and related products manufacturing, etc., increased strongly thanks to the flexibility and diversification of markets by businesses, the commencement of many new projects, the maintenance of export orders, and technological improvements.

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 over 23,251 billion VND.

According to the Provincial Planning for the period 2021-2030, with a vision to 2050, the province plans to develop 24 new industrial parks by 2030 and 29 industrial parks by 2050. Priority will be given to developing new industrial parks along key transportation routes such as the Hanoi -Lao Cai expressway, Ring Road 4, and Ring Road 5.

Building on these advantages and striving to become a developed industrial province, one of the industrial, service, and tourism centers of the region and the country, the province continues to prioritize attracting investment projects that are modern, high-tech, environmentally friendly, and have high investment capital and added value.

Strengthen on-site investment promotion efforts, actively support investors by providing guidance, expediting investment procedures, and promptly resolving difficulties during the investment, production, and business processes, ensuring the principle of equality among economic sectors and types of enterprises.

In coordination with the People's Committees of districts and cities and relevant agencies, urge infrastructure investors to carry out compensation and land clearance, implement the remaining infrastructure of industrial parks, and at the same time resolve outstanding issues for each industrial park in order to create industrial land reserves and prepare the necessary technical infrastructure conditions for attracting domestic and foreign investment.

In particular, it is important to publicly and transparently disclose the State and provincial policies and guidelines on investment and business, creating favorable conditions for businesses to access information about mechanisms, policies, industrial park planning, and the list of industries and sectors attracting investment.

Hong Tinh

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