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INTRODUCTION
INVESTMENT CLIMATE & POLICIES FOR INVESTMENT ATTRACTION IN
VINH PHUC PROVINCE – VIET NAM
Nguyen Tien Hanh
Director, IPA Vinh Phuc
VINH PHUC INVESTMENT PROMOTION AGENCY
CONTENT
1
• ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE
2
• POLICIES FOR INVESTMENT ATTRACTION AND SUPPORTS OF VINH PHUC PROVINCE
3• FIELDS AND SECTORS CALLING FOR INVESTMENT
2
6 major advantages 1.1 Favourable geological, natural conditionsand transportation
1.2 Investors and enterprises support from thelocal Government and local people
1.3 Simple and fast-processing administrativeprocedures by one-stop service mechanism
1.4 Young population, labor abundant; and richcultural and historical traditions
1.5 Integrated socio-economic infrastructurebasically installed in a modernized way
1.6 Great opportunities for supporting industryfor automobile, motorcycle, electronics, andtele-communication
1. ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE
Regional transportation network4
1.1 Favourable geographical
location and transportation
+ Vinh Phuc is located inside 03
planning zones: the Northern
Vietnam key economic region,
the Red River delta, and Hanoi
Capital region;
+ Being a part of Yunnan (China)
– Lao Cai – Ha Noi – Hai Phong
(Viet Nam) Corridor and Vietnam
Northern Industrial Developing
Corridor.
+ Convenient transportation sys-
tems available: national highways
railways, Trans-Asian railways,
Red river and Lo river waterway;
bordering with Noi Bai Inter-
national Airport.
1. ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE
BA THIEN 2 INDUSTRIAL PARK
5
1.1 (Cont.)
+ Natural topography includes:
delta, midland, and mountainous
areas; is potential for multiform
of tourism (eco, resort, sport, ad-
venture, spiritual tourism), and
green economic development.
+ Temperate climate, annual
average temperature: 22-23oC;
+ Good geological structure, and
solid ground facilitate industrial
and urban development, saving
foundation cost of construction;
+ High density of rivers, lakes,
swamps; water source abundant
for industrial use and for living;
+ No earthquakes nor flood.
1. ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE
1.2 Investors and enterprises
support from the local government
and local people
+ With the following motto:
“Investors in Vinh Phuc are the
province citizens, the success of the
enterprises are also the province’s”;
+ The provincial leaders takes drastic
measures in management; facilitating
the investors in doing business; resol-
ving difficulties in time for investors
and enterprises;
+ Vinh Phuc is one of the top
provinces with the best management
capability in economic development,
in 2015, the province ranks 4th/63 in
provincial competitiveness index;
+ The local people are willing to
handle the land to investment project
for socio-economic development.
Leaders of Vinh Phuc Province and Piaggio – Italia
in brand new Vespa scooter lauching Ceremony
6
1. ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE
7
1.3 Simple and fast processing
administrative procedures by
one-stop service mechanism
+ Administrative procedures on
investment are published on the
internet and at processing units in
the province;
+ One-stop service processing
mechanism, time reduction is
from one third to half compared
to normal method;
+ Communicate and support the
investors in 4 main languages:
English, Japanese, Korean, and
China.
Investors support in Vinh Phuc Province
ONE STOP
SERVICE
Providing
info to
Investors
One stop
service
processingDocument
receiving
and results
returning
Supports
for whole
lifetime of
projects
Receive &
processing
feedbacks
and
proposalsSet up
communi-
cation
system
Document preparation
consulting
service
Publish
mechanis
m training
supports
1. ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE
8
1.4 Young population, labor
abundant; and rich cultural
and historical traditions.
+ Golden population structure,
low rate of dependency, labor
rate in total population 59.6%,
rate of trained labor is increa-
sing continuously;
+ There are 35,000 high school
and secondary school students
graduate each year; 20,000
students graduates from uni-
versities, colleges, vocational
and training schools; and thou-
sands of engineers, bachelors,
and workers from abroad re-
turn to work in the province.
IT practicing in Vinh Phuc Vocational College
1. ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE
The art of construction - Binh Son Tower
National Exceptional Ranked Vestige
9
1.4 (Cont.)
+ The local people are known
for their fondness of learning,
labouriousness, and creativity.
The students in the province
won many international and
regional Excellency Contests
(golden and silver medal);
+ Hundred of ranked historical
and cultural monuments in
well-known tourism sites and
the national primary forest.
There are 2 national excep-
tional ranked vestiges:
Tay Thien historical and
cultural tourism site, and Binh
Son tower
1. ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE
Vinh Phuc Urban Plan by 2030 with vision to 2050
10
1.5 Integrated socio-economic
infrastructure basically installed in a
modernized orientation.
+ Completed master plan and sectional
plan for socio-economic development;
completed master plan for construction
in a closed provincial border, aiming to
a sustainable development;
+ The Province has installed an internal
and external transportation network
with 4 belt-roads, 9 center-pivot roads,
Noi Bai – Lao Cai Express Way (Trans-
Asia Expressway and National way 2.
+ Prioritization are given to irrigation
system and rural transportation;
1. ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE
Khai Quang Industrial Park
11
1.5 (Cont.)
+ 19 planned industrial parks
with a total area of 5,530 ha.
Standard factories, warehouses
available for lease to SMEs in
each industrial parks;
+ Clean water supply, power
supply, wastewater and waste
treatment, telecommunication
available;
+ Service and living facilities:
hotels, restaurants, amusement
parks, golf course, etc. are
developing fast.
1. ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE
12
1.5 (Cont.)
+ Benefits from ODA funded
projects and other concessional
loans of international banks:
•Vinh Phuc Flood Risk and
Water Management Project
(World Bank - WB);
•Secondary Cities Develop-
ment Program – Green City
(Asian Development Bank );
•Vinh Phuc Investment
Climate Improvement Project
(Japanese Bank for Inter-
national Cooperation – JBIC).
A transportation project funded by
Japanese ODA
1. ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE
International Corporations invested in Vinh Phuc
13
1.6 Great opportunities for
supporting industry for auto-
mobile, motorcycle, electro-
nics, and telecommunication
in the North of Vietnam.
+ Toyota, Honda Corp.(Japan),
Piaggio(Italia), Daewoo (Korea)
are successfully manufacturing
and assembling automobile and
motorcycles in Vinh Phuc;
+ Several large electronics Corp
from Japan (Canon), Korea
(Samsung), Taiwan (Foxconn,
Compal) invested in Vinh Phuc
and nearby provinces and cities.
1. ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE
Beside the common regulations, investment projects in Vinh Phuc also benefit
from the following policies and supports:
2.1 The Province installs all essential infrastructure: transportation road, power and
water supply, telecommunication, etc. to the border of the industrial parks;
2.2 Lowest land rental price applied according to the regulated frame enables the
enterprises to reduce production cost and increase the competitiveness of products;
2.3 Authorized provincial and district agency responsible for fast land acquisition,
clearance, and compensation, creating a land pool available for investors;
2.4 Simple administrative procedures publicly listed about process, document lists,
application forms and being monitored under one stop service mechanism online at
http://motcua.ipavinhphuc.vn
14
2. POLICIES FOR INVESTMENT ATTRACTION AND SUPPORTS
2.5 Receiving feedbacks and
proposals, timely resolving
difficulties of enterprises by
setting up and maintaining
the operation of an online
Dialogue Portal between
Enterprises and the Govern-
ment.
http://doithoaidoanhnghiep.
vinhphuc.gov.vn
After receiving questions,
feedbacks, or any proposals
from the enterprises, the
relating organizations are
responsible for answering
within 05 working days.
15
2. POLICIES FOR INVESTMENT ATTRACTION AND SUPPORTS
• 2.6 Finance support for labor training, project documents preparation, especially,
supporting industry projects in the industrial parks are free-of-charge for
administrative procedures, support the investor in recruitment.
• 2.7 For large-scale projects or projects greatly benefit the socio-economic
development, more favorable policies might be considered.
16
2. POLICIES FOR INVESTMENT ATTRACTION AND SUPPORTS
3.1 Industrial Development
3.1.1 Mechanics, automobile and
motorbikes assembling, and re-
lated supporting industries.
3.1.2 Electronics, telecommunication
and related supporting industries
3.1.3 New materials and light-weight
materials
3.1.4 Agricultural forestry and fishery
process;
3.1.5 Industrial park infrastructure.
17
3. FIELDS AND SECTORS CALLING FOR INVESTMENT
3.2 Service Development
3.2.1 Finance, banking, insurance;
3.2.2 Stocking, logistics;
3.2.3 Supermarket, restaurant, hotel;
3.2.4 Eco-tourism resorts, high-class
amusement parks;
3.2.5 Education and training centers:
Universities, vocational schools,
high schools, and high quality
kindergartens;
3.2.6 Healthcare and medicalcare
hospitals, nursing centers.
18
3. FIELDS AND SECTORS CALLING FOR INVESTMENT
3.3 Agricultural development
3.3.1 Hi-tech production of vegetable,
fruit, and flower with processing
facilities.
3.3.2 Hi-quality diary and pig with
food processing facilities.
3. FIELDS AND SECTORS CALLING FOR INVESTMENT
3.4 Socio-economic infrastructure
development
3.4.1 Clean water treatment and
supply, urban effluent drainage
and treatment;
3.4.2 Industrial waste and household
waste treatment.
20
3. FIELDS AND SECTORS CALLING FOR INVESTMENT
Thank you for your attention!
Vinh Phuc Investment Promotion Agency
(IPA Vinh Phuc)
• 38 - 40 Nguyen Trai Str, Dong Da Dist, Vinh Yen, Vinh Phuc
• Tel: (+84) 211 3 616 618 - Fax: (+84) 211 3 616 018;
• Website: ipavinhphuc.vn Email: [email protected]
• doithoaidoanhnghiep.vinhphuc.gov.vn