With its strategic location and easy access to Hanoi and the northeastern economic region, Ba Thien II Industrial Park (IP) in Binh Xuyen district, Vinh Phuc province, offers modern infrastructure, a favorable investment environment and many incentives, making it an attractive destination for investors, particularly from the US, South Korea and Japan.
In addition to enhancing business performance, Exedy Vietnam Co., Ltd in Khai Quang Industrial Park has prioritized labor safety and hygiene, viewing it as an important task that has significantly contributed to its development.
According to the Provincial Planning for 2021-2030, with a vision to 2050, recently approved by the Prime Minister, Vinh Phuc province will prioritize industrial development, particularly in semiconductor projects, attracting significant investment from major semiconductor corporations.
Addressing obstacles and fostering sustainable industrial parks will enable Vinh Phuc province to achieve its goal of becoming a modern industrial province.
The Vinh Phuc Industrial Zones Management Board has strengthened its roles and responsibilities by supporting investors and businesses in overcoming challenges, while actively promoting investment in the province’s industrial parks (IPs).
Vinh Phuc was once a "remarkable recipient of investment capital" in the country. However, strong growth in neighboring provinces, along with some shortcomings in its industrial parks, has diminished its investment appeal.
Mr. Duong Van An, Secretary of the Vinh Phuc Provincial Party Committee, recently held a meeting with Mr. Yap Kwong Weng, CEO of T&Y SuperPort Vinh Phuc Joint Stock Company, and its partners.
By prioritizing investment in high-tech sectors, mechanical engineering, electronics and supporting industries, especially semiconductors, Vinh Phuc province has attracted major semiconductor corporations from Korea, Taiwan, the United States, and other regions, aiming to establish itself as a key electronics hub in the country.
Mr. Tran Duy Dong, Chairman of the Provincial People’s Committee of Vinh Phuc, recently hosted a working session with Samsung E&A Vietnam Co., Ltd on environmental investment cooperation in the province.
Recently, Polaris Group (USA) inaugurated a factory in Ba Thien 2 Industrial Park. The ceremony was attended by Mr. Tran Duy Dong, Chairman of the Vinh Phuc Provincial People's Committee; Ms. Courtney Beale, Deputy Chief of Mission, U.S. Embassy Vietnam; and representatives from many provincial departments and sectors.
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