Vinh Phuc offers support to woo investors
The northern province of Vinh Phuc is intensifying trade promotion activities and offering support to both potential investors and businesses already operating in the locality.
The provincial authorities instructed agencies and local administrations to provide detailed lists of projects calling for investment while apply the one-stop model in dealing with investment procedures and publishing administrative procedures on the province’s portal.
Nguyen Van Tri, Chairman of Vinh Phuc People’s Committee said that the province will continue to create favourable conditions for enterprises, as their development creates more jobs.
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| A Dutch-invested factory of cattle feed in northern Vinh Phuc province |
Since the start of 2016, Vinh Phuc’s authorities have held five dialogues with businesses. From October, the province’s officials will meet with enterprises at the provincial People’s Committee’s headquarters every Friday afternoon, in order to understand and respond promptly to their current difficulties.
The province has also sent delegations to foreign countries to seek investment in the province.
Those efforts have helped attract several dozens of new projects each year.
As of the end of August 2016, the province had 227 valid foreign-invested projects with total registered capital of US$3.45 billion.
The Republic of Korea (RoK) is the leading investor in Vinh Phuc, with 100 projects worth over US$922.7 million.
