Vinh Phuc promotes attracting DDI: Favorable environment - Accompanying government

These positive results are clear evidence of the province's strong determination in creating a favorable investment environment, accompanying businesses, developing the private economy and realizing the goal of sustainable growth.

Viet Duc Steel Company.

Accompanying businesses - strong commitment from the government

According to the Center for Investment Promotion and Enterprise Support of Vinh Phuc province, in May 2025 alone, there were 13 newly licensed and adjusted foreign direct investment (FDI) projects with a total capital of 55.1 million USD. There were 12 newly licensed and adjusted DDI projects with a total capital of 2,361.4 billion VND.

In the first 5 months of 2025, the province attracted 11 new DDI projects and increased capital for 17 other projects, with a total registered capital of over VND4,200 billion. At the same time, the province also licensed 18 new FDI projects and increased capital for 22 projects, bringing the total newly registered and adjusted capital in the FDI sector to 218.3 million USD.

These impressive figures not only show the great potential of Vinh Phuc, but are also the result of continuous efforts to improve the business investment environment. With the motto "The success of enterprises is the success of the province", the province always identifies investors as "honorary citizens", an inseparable part of the development process.

Currently, the province has about 17,000 registered enterprises, of which domestic enterprises account for a large proportion. Many enterprises have affirmed their position in the country such as Viet Duc Steel Pipe Joint Stock Company VG Pipe, A My Industrial Joint Stock Company, Prime Group Joint Stock Company, Vietnam Garment Manufacturing Company, TH Vinasun Industrial Fan Manufacturing Company, BDH Vietnam Company... These successes contribute to creating a solid foundation for economic growth and increasing local budget revenue.

Consistent policies, synchronous solutions, modern infrastructure

Vinh Phuc always considers administrative reform as an important "lever" to remove investment barriers. In recent times, the province has implemented many synchronous solutions: simplifying administrative procedures, enhancing the responsibility of civil servants, streamlining the apparatus in accordance with the spirit of Resolution 18-NQ/TW dated October 25, 2017 of the Party Central Committee, a number of issues on continuing to innovate and rearrange the apparatus of the political system to be streamlined, effective and efficient; at the same time, innovating the coordination method between specialized agencies to handle procedures for investors quickly and effectively.

The province also speeds up public investment, especially key transport projects connecting industrial parks, industrial clusters and production areas. In addition, Vinh Phuc focuses on developing a modern logistics system - an important link to enhance the competitiveness of businesses and attract strategic investors.

The Provincial People's Committee periodically organizes meetings and dialogues with businesses to promptly resolve difficulties and obstacles in the process of implementing activities, creating conditions for businesses to feel secure in long-term investment in the locality.

Attracting DDI investment - the foundation for sustainable growth

Accumulated to the end of May 2025, the province has 1,329 projects, including 487 FDI projects with a total investment capital of more than 8.61 billion USD, and 842 DDI projects with a total investment capital of about 148,000 billion VND.

It can be seen that DDI enterprises play an increasingly important role: Revenue in 2024 reached VND 15,940 billion (up 4% compared to the previous year), contributing VND 370 billion to the State budget (up 17%). These are numbers that demonstrate the maturity and positive contribution of domestic enterprises to the overall development of the province.

The province also implemented a series of policies to support small and medium enterprises, encourage supply chain connections between DDI and FDI enterprises, promote digital transformation, develop circular economy and green growth.

Creating new position and strength for the development period 2025 - 2030

On February 6, 2024, the Prime Minister approved the Vinh Phuc Provincial Planning for the period 2021 - 2030, with a vision to 2050. Accordingly, Vinh Phuc will develop into a major industrial center of the country, especially in the high-tech, electronics, automobile - motorbike, logistics and trade and services industries.

To realize this orientation, the province has assigned specific targets to each sector and locality, and at the same time urgently accelerated the progress of 32 investment projects (FDI and DDI), 30 public investment projects, 16 industrial park and cluster projects and 47 urban and social housing projects. In 2025, Vinh Phuc will start construction of at least 6 social housing projects with a scale of more than 2,000 apartments.

In addition, the province is urgently completing documents to implement new laws and decrees on land, decentralization, delegation of power, and especially digital transformation in administrative reform, to remove bottlenecks that hinder investment.

Goal 2025: Breakthrough to create growth momentum

In 2025, Vinh Phuc aims to increase GRDP by 10-11%, attract VND5,000 billion in DDI capital and USD800 million in FDI capital. To achieve this goal, the province focuses on promoting on-site investment, improving the quality of investor care, and encouraging high-tech projects, digital transformation, and green economy.

Key solutions include promoting site clearance, completing infrastructure; encouraging investment in technology, developing high-quality human resources, especially in the semiconductor - chip sector; increasing the connection between DDI and FDI, improving technology absorption capacity; tightening discipline, enhancing responsibility, controlling power, fighting corruption - waste - group interests; with a solid foundation and strategic vision, Vinh Phuc is on the journey to become a bright spot on the domestic investment attraction map, rising strongly in the new development period.

Source: https://baodautu.vn/vinh-phuc-day-manh-thu-hut-ddi-moi-truong-thuan-loi---chinh-quyen-dong-hanh---doanh-nghiep-phat-trien-d297243.html