Industry accelerates, breaks through in the new era

In 2025, Vinh Phuc will carry out its socio-economic development tasks in a context where the regional and world economy and politics are forecast to continue to have unpredictable developments, prolonged inflation, tight monetary policy, escalating geopolitical tensions, and many difficulties and challenges in the domestic and provincial situations.

Therefore, the province has proactively implemented synchronous solutions, closely following the Central Government's direction, 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 further promote potential, competitive advantages, improve the efficiency of developing industrial parks in a sustainable direction and innovate development models, the province has established the Steering Committee for Industrial Park Development; issued Action Program No. 07 on "Sustainable development of Vinh Phuc industrial parks".

Cosmos Technology Co., Ltd. (Khai Quang Industrial Park) flexibly adapts in production and business, strengthens 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, industrial parks in the province attracted 17 new projects, including 10 new FDI projects, 16 FDI projects with increased capital with a total newly registered and adjusted investment 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, positively contributing to state budget revenue and creating jobs for local workers.

In the first quarter of 2025, revenue from FDI projects in industrial parks reached 3,298.94 million USD, up 13% over the same period; export value reached 2,838.89 million USD, up 15% over the same period; State budget contribution reached more than 2,104 billion VND, up 24% over the same period.

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

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

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 being 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.

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

Promoting the above advantages, striving to achieve the goal of becoming a developed industrial province, one of the industrial, service and tourism centers of the region and the whole country, in the coming time, the province will continue 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 implement remaining industrial park infrastructure projects, and at the same time resolve existing problems for each industrial park to create industrial land funds, prepare technical infrastructure conditions for industrial parks to attract domestic and foreign investment.

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/128738/Cong-nghiep-tang-toc-but-pha-trong-ky-nguyen-moi