Promote administrative procedure reform, create motivation to attract investment

In order to create a fair, open and transparent business investment environment, the province considers administrative procedure reform (AP) as one of the top priorities, a breakthrough in attracting investment. On that basis, the province has directed departments, branches and localities to proactively and synchronously implement solutions to AP reform, contributing to supporting investors and enterprises to stabilize production and business, promoting the province's socio-economic development.

Báo Vĩnh Phúc•08/05/2025

Vinh Phuc has synchronously implemented solutions to shorten at least 30% of the time to handle administrative procedures according to the Government's direction to create an open investment environment and support businesses to develop stably. Photo: Nguyen Luong

Identifying administrative procedure reform as an important solution to open up a new mechanism in attracting investment, helping businesses to increase investment in the province, every year, based on the overall national strategy and the potentials and advantages of the locality, the province directs departments, branches and localities to review, promptly and fully update policies and business conditions that have been abolished; regularly review, analyze, propose and recommend to central ministries and branches to adjust and abolish business conditions for conditional business lines and occupations that are no longer suitable.

Strengthen propaganda and thoroughly disseminate to cadres, civil servants and public employees, especially the spirit and responsibility of heads of agencies, units and localities in implementing tasks on reforming and simplifying administrative procedures.

In addition, actively deploy digital transformation solutions, strongly apply information technology to modernize public administration, make processes and procedures transparent, and create maximum convenience for people and businesses when conducting transactions with state administrative agencies.

Currently, 100% of administrative procedures at all three levels are implemented under the one-stop, one-stop mechanism; 100% of administrative procedures and lists of administrative procedures after being announced are updated on the provincial Public Service Portal (DVC), publicly posted on the provincial Administrative Procedure Processing Information System; internal procedures and electronic procedures are developed and approved to receive - process - return results of administrative procedures on the network environment according to regulations.

The province currently has 9 industrial parks (IPs) and 16 industrial clusters (ICs) in operation, with the occupancy rate of IPs reaching nearly 60% and ICs over 42%. At the same time, the province has attracted businesses from 20 countries and territories to invest, including partners such as large corporations such as Sumitomo, Honda, Toyota, Piaggio, Foxconn, Compal, etc.

Projects and investment enterprises have made remarkable progress in terms of quantity, scale, structure and quality. In April 2025 alone, the total newly registered and adjusted investment capital of domestic investment (DDI) and foreign investment (FDI) projects in the province reached VND 487.47 billion, up 107% compared to March 2025 and USD 65.024 million, up 237% compared to March 2025.

Effectively implementing the motto of "accompanying businesses", in recent times, the Provincial Industrial Park Management Board has focused on directing and synchronously implementing solutions, accompanying, sharing, removing difficulties, and providing maximum support to businesses and investors to learn about the investment environment as well as the production and business activities.

Actively support and facilitate the quick resolution of administrative procedures for investors and enterprises implementing projects, expanding production and business, increasing investment capital or carrying out procedures to adjust and supplement objectives, adjust project implementation progress, change investor information, rename investment projects...

Issue hundreds of legal documents to guide investors in completing administrative procedures related to investment registration, adjusting investment projects, and responding to investors' requests, supporting the removal of difficulties and obstacles in the process of implementing investment and business activities.

In 2024, the Provincial Industrial Park Management Board resolved 599 administrative procedures, of which 99.2% were resolved on time and before the deadline; 100% of investment procedures were declared online on the national investment information system, helping businesses save time, travel costs and make it more convenient to resolve administrative procedures.

By the end of 2025, the province strives to attract at least 800 million USD in investment capital from FDI projects. The province continues to focus on improving the investment and business environment, considering improving the investment and business environment and enhancing competitiveness as key and priority tasks, placing enterprises at the center of reform.

Direct specialized departments and branches to innovate the reception of information and feedback from businesses and investors, especially promptly grasping businesses' feedback on difficulties and obstacles in implementing policies and regulations that are no longer suitable to objective reality... to have a basis for proposing and recommending the Provincial People's Committee to resolve and create favorable conditions for businesses to develop.

Continue to do a good job of reforming administrative procedures in the direction of supporting and guiding businesses in choosing appropriate investment options, contributing to reducing time and investment costs and preventing risks for production and business activities of businesses.

Ngoc Lan

Source: http://baovinhphuc.com.vn/Multimedia/Images/Id/127902/Day-manh-cai-cach-thu-tuc-hanh-chinh-tao-dong-luc-thu-hut-dau-tu