Optimizing Management of Post-Licensed Projects

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).

EXEDY Vietnam Co., Ltd, Khai Quang Industrial Park

Mr. Vu Kim Thanh, Deputy Director of the Vinh Phuc Industrial Zones Management Board, said: In August, the board effectively managed post-licensed projects in local IPs, enhancing the investment and business environment.

Labor management

The board continued to coordinate with the Trade Union of Industrial Parks to work with tenants in IPs to attract trade unions to join; requested tenants to report on the implementation of the minimum wage according to Decree 74/2024/ND-CP; and received and processed nine labor regulations and five overtime notices submitted.

Environmental management

The board directed industrial park operators and tenants to carry out the direction of the Provincial People's Committee on active response to heavy rains, flash floods, landslides, floods and inundations; coordinated with the Department of Health to reinforce communications on prevention and control of diphtheria infection; consulted opinions on environmental impact assessment (EIA) for a project; worked with the Ministry of Natural Resources and Environment to participate in the Environmental Impact Assessment Appraisal Council for two projects and probe and issue environmental permits for two projects; coordinated with the Department of Natural Resources and Environment of Vinh Phuc province to join the Appraisal Council and the Appraisal Team to issue environmental permits for three projects.

Investment monitoring

The board sent documents to the Foreign Investment Agency under the Ministry of Planning and Investment to ask for support in notifying investors to contact the Vinh Phuc Industrial Zones Management Board to resolve investment termination for some projects whose investors cannot be contacted. It also sent documents to the Taipei Economic and Cultural Office to ask for support in contacting investors whose projects are not executed according to their investment registration certificates.

Sekonix Vina Co., Ltd, Ba Thien II Industrial Park

Settlement, coordinated settlement of difficulties and investment support

The board instructed Inno Flex Vina II Co., Ltd on legal regulations on investment when the project added two plating lines (gold plating and nickel plating) to production processes; guided Orchem Vina Co., Ltd to adjust operational objectives on its investment registration certificate; coordinated and sought opinions from the Vinh Phuc Tax Department to review and give opinions on proposals for revising investment registration certificates and requests for termination of investment projects; cooperated and sought opinions from the Department of Science and Technology in appraising technology, machinery and equipment and production processes.

In addition, the Vinh Phuc Industrial Zones Management Board advised and proposed the Chairman of the Provincial People's Committee to organize a conference to witness the signing ceremony of an investment cooperation agreement between CNC Tech Group and Korean investor Signetics. The board attended the environmental incident response rehearsal in Khai Quang Industrial Park; participated in the Workshop on “Dual transformation solutions towards sustainable development for businesses”; joined the Scientific Workshop on “Identifying risks, challenges and threats to environmental security in Vinh Phuc province”; coordinated with the Department of Planning and Investment to provide business information to conduct a survey of small and medium-sized enterprises (SMEs) within the framework of the GEMMES Vietnam Program-Phase 2.

As the only subsidiary company in Vietnam of Exedy Group (Japan), Exedy Vietnam is operating a factory in Khai Quang Industrial Park, specializing in manufacturing and trading engine parts, clutches and gearboxes of automobiles and motorbikes for major brands like Yamaha, Honda and Suzuki. After nearly 20 years of operation, Exedy Vietnam has become a strong brand, employed nearly 300 workers, and supported local socioeconomic development.

Speaking at a workshop on investment promotion and celebration of the 25th anniversary of Vinh Phuc Industrial Zones Management Board in 2023, Mr. Kazuki Hayashi, President of Exedy Vietnam Co., Ltd, said: We strive to be a valued member of Vinh Phuc province. Alongside our company's efforts, local authority support is crucial. We greatly appreciate the assistance from the Vinh Phuc Industrial Zones Management Board, which has helped us navigate startup procedures efficiently and provided dedicated guidance for any administrative issues we've faced.

In the future, the management of post-licensed investment projects will continue to be closely directed by the leaders of the Vinh Phuc Industrial Zones Management Board. Accordingly, the board will focus on key tasks such as reviewing project progress, ensuring timely execution, collaborating with investors on delayed projects and addressing any emerging challenges in their business operations.

The board will also continue to support enterprises to access the national information system on foreign investment, helping them follow regulations on reception and settlement of documents and make periodic reports. The agency will also perform labor management and environmental management, and coordinate with competent agencies to manage activities in industrial parks.

By Quynh Ngoc, Vietnam Business Forum