Vinh Phuc seeks partnerships with Czech Republic

Vinh Phuc authorities have assured enterprises from the Czech Republic of favourable conditions for them.

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Chairman of the VinhPhuc provincial People’s Committee Nguyen Van Tri was speaking at a recent workshop on investment opportunities in VinhPhuc held in Prague, the Czech Republic on August 1. 

He highlighted the local favourable business environment, saying that it offers comprehensive infrastructure, skilled worker training, simplified administrative procedures and low-cost land rent fee to foreign investors. 

Vice President the Economic Chamber of the Czech Republic BorivojMinar said a delegation of Czech firms plans to visit Vinh Phuc to expand cooperation. 

Vice Chairman of the provincial People’s Committee Nguyen Kim Khai

said the province ranked fourth in the provincial competitiveness index in Vietnam. It has lured 221 foreign investors with the total investment capital of US$3.5 billion. 

He expressed his hope that Czech firms will invest in mechanical manufacturing and supporting industry. 

Meanwhile, Vietnamese Ambassador to the Czech Republic Truong Manh Son updated the development of friendship and economic cooperation between the two nations, while underlining Vietnam’s investment potential. 

Earlier on July 31, the VinhPhuc delegation, led by Tri, had a working with representatives from the Embassy of Vietnam, the Vietnamese People Association and Vietnam Business Association in the Czech Republic. 

The provincial leader called on Vietnamese expats to invest more in the locality.

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