Illustrative image (Source: VNA) Vinh Phuc (VNA) – The northern province of Vinh Phuc has been an ideal destination for investors thanks to its geographical location and preferential policies for investment attraction. Over the years, Vinh Phuc has been focusing on luring foreign direct investment (FDI), and this year the province has been sending delegations overseas to promote investment. In September this year, the locality coordinated with the Vietnamese embassies in the Netherlands and the US to organise seminars introducing investment and cooperation opportunities in Vinh Phuc. As of July this year, Vinh Phuc had drawn 362 FDI projects from 17 countries and territories with a total investment of over 4.8 billion USD, ranking 19th out of the 63 localities nationwide in FDI attraction. Currently, the province is home to two US-funded projects in the processing-manufacturing sector with a combined capital of 15.6 million USD. The province is calling for more investment to automobiles, electronics, support industries, technology agriculture, new materials, renewable energy, tourism, education-training, healthcare, the environment, and smart city development. Along with promoting investment activities, the locality has also concentrated on improving the quality of the local administration through administrative reform, enhancing the provincial competitiveness index, developing a… Read full this story
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