Identifying 2025 as a breakthrough year for economic development with a determination to strive for double-digit growth, attracting FDI capital exceeding 800 million USD and DDI capital reaching 5,000 billion VND, the province is strengthening on-site investment promotion activities, paying particular attention to administrative reform and creating favorable conditions for businesses.
According to Hoang Long Bien, Head of the Industrial Parks Management Board of the province, by April 2025, the industrial parks in the province will have attracted 516 projects, including 129 domestic direct investment (DDI) projects with a total investment of over 40.5 trillion VND and 387 foreign direct investment (FDI) projects with a total investment of over 6.95 billion USD.
To contribute to attracting investment and promoting the efficient production and business activities of enterprises, the Provincial Industrial Parks Management Board has focused on supporting the resolution of administrative procedures in recent times.
Investors are given the best possible conditions, provided with the most complete information, and the shortest processing time when implementing investment procedures in industrial parks through the province's "one-stop shop" mechanism.
Investment-related administrative procedures are declared and implemented online through the National Investment Information System, and results are received and returned through the provincial public service portal, facilitating cost and time savings for businesses.
At the same time, focus on removing difficulties and obstacles for investment, production, and business projects, especially large-scale and key projects of the province.
In the first four months of 2025, the Industrial Park Management Board completed the processing of 283 administrative procedures ahead of schedule, a 10% increase compared to the first quarter of 2024. Of these, 210 were processed ahead of schedule and 73 on time, with no delayed applications.
Through synchronized implementation of solutions, in the first four months of 2025, industrial parks in the province attracted 17 new projects. These included 10 new FDI projects with a total registered investment capital of US$45.9 million and 16 projects with increased capital totaling US$116.32 million; 7 new DDI projects with a total registered investment capital of over VND 1,144 billion and 3 projects with increased capital totaling over VND 143 billion.
Traditional investment countries such as Japan, South Korea, and China remain important and long-term partners in the province's economic development strategy.
Of these, South Korea was the largest investor with over $70.7 million, accounting for 43.34% of the total registered capital. The processing and manufacturing industry continued to be the leading sector in attracting FDI.
Having invested and developed in the province since 2014, Cammsys Vietnam Co., Ltd., a 100% South Korean-invested company headquartered in Ba Thien Industrial Park (Binh Xuyen), specializes in the production and processing of electronic components and products. It has continuously expanded its production scale, increased investment capital, created jobs for many workers, and made a significant contribution to the provincial budget.
A company representative stated: "With a favorable investment environment and abundant human resources, especially with the province always creating favorable conditions for administrative procedures and promptly resolving difficulties and obstacles for businesses, along with the efforts and dedication of the entire staff, the company has been able to operate more smoothly and develop more effectively and sustainably."
To promote investment, consumption, exports, and innovation, and to ensure the goal of attracting investment and contributing to achieving double-digit growth, the province has been and continues to strengthen on-site investment promotion and dialogue with businesses.
Proactively connect, engage, and work with potential investors and large corporations seeking to understand the investment and business environment in the area. Regularly monitor and understand investment trends and economic and political changes in the world and the region to develop appropriate, flexible, and timely solutions in investment promotion, appraisal, and licensing activities, and create favorable conditions to attract foreign investors more effectively.
In particular, the Department of Finance recently submitted a document to the Provincial People's Committee requesting the Provincial Party Committee and the Provincial Investment Promotion Steering Committee to approve the implementation of the " Vinh Phuc Investment Wave" administrative procedure reform campaigns aimed at reforming administrative procedures, creating a favorable investment environment, and ensuring the goal of attracting investment.
Priority will be given to attracting at least 1-2 multinational corporations from the world's top 500 corporations or the top 500 largest businesses in Vietnam (VNR500), or multinational and transnational companies with major international brands, to invest in infrastructure and industrial development projects. Simultaneously, a "green channel" mechanism will be established to streamline administrative procedures...
Text and photos: Hong Tinh
Source: http://baovinhphuc.com.vn/Multimedia/Images/Id/128495/Tao-“luong-xanh”-don-“song-dau-tu”
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