Investment Promotion Training Conference in Vinh Phuc Province

30/12/2024

  1. Investment Promotion Capacity Building Training Conference:
    • Date: December 27, 2024.
    • Organizer: Vinh Phuc Investment Promotion and Business Support Center.
    • Key Topics:
      • Sharing experiences in investment promotion in the digital era, attracting FDI, and lessons from Thailand.
      • Equipping skills for organizing conferences, engaging investors, and effectively supporting businesses.
    • Objective:
      • Enhance the quality and effectiveness of investment promotion activities.
      • Provide training in knowledge and skills for related officials and staff.
    • Participants: Approximately 80 representatives from provincial departments, agencies, and businesses.
  2. Strategic Investment Attraction Goals and Orientation:
    • By 2030, Vinh Phuc aims to attract:
      • $2-2.5 billion USD in FDI capital.
      • 1-5 multinational corporations among the world’s top 500 companies.
    • Increase the proportion of investment capital from key regions to over 80%.
    • 2025 Plan: Attract 22 new FDI projects with a total capital of $500 million USD.
  3. Priority Investment Sectors:
    • High technology, clean energy, computer and electronics industries, semiconductors.
    • Supporting industries in mechanical engineering, automobiles, motorcycles, and pharmaceuticals.
    • High-tech agriculture and participation in global supply chains.
  4. Highlights of 2024:
    • Newly licensed projects: 32 projects with a total investment capital of $190 million USD.
    • Capital adjustments: 42 projects with an additional $400 million USD.
    • Total new and additional FDI capital: $590 million USD, exceeding the target by nearly 50%.
    • Cumulative as of November 2024:
      • 481 FDI projects with over $8.4 billion USD in investment capital.
      • 845 DDI projects with 145,151 billion VND in capital.
    • Notable projects:
      • BH Flex (Khai Quang Industrial Park): Total capital increased to $75 million USD.
      • Signetics: Exploring investments in semiconductor chip production.
  5. Support and Development Solutions:
    • Strengthening administrative reform and e-government applications.
    • Enhancing connections between local businesses and FDI enterprises.
    • Surveying and resolving business issues.
    • Developing projects that employ high-quality labor and bring significant added value.

Source: Investment news