We are committed to providing sufficient electricity and promptly resolving any issues for investors.

The meeting between the Chairman of the People's Committee of Vinh Phuc province, Tran Duy Dong, and the Korean Chamber of Commerce in Vietnam (Korcham) on the late afternoon of August 8, 2024, was considered a "meeting of friends."

“Businesses coming to Vinh Phuc are friends of Vinh Phuc. If you have any problems or difficulties, please contact the provincial departments and agencies, or you can contact me directly, so that we can find a solution,” Chairman Tran Duy Dong said to the Korean businesses participating in the meeting.

This was Mr. Tran Duy Dong's first meeting as Chairman of the Vinh Phuc Provincial People's Committee with a foreign business association. He stated that the province's current investment attraction strategy prioritizes high-tech projects, mechanical engineering, and supporting industries. Manufacturing projects will be concentrated in industrial zones to ensure the provision of supporting infrastructure, electricity, water, telecommunications, wastewater management systems, etc., according to the standards and requirements of businesses.

“Vinh Phuc has planned 27 industrial zones. Of these, 9 are already operational, and 5 are completing their infrastructure. We will work with EVN to ensure sufficient electricity. The government has determined that the 500 kV circuit 3 power line will be energized in September, and the province is currently constructing two substations. Along with that, the province will focus on implementing plans to train human resources, especially those serving the high-tech and semiconductor industries…,” Mr. Dong pledged.

In particular, he mentioned Vinh Phuc's advantages in tourism development to Korean investors.

“Vinh Phuc has Tam Dao and many other unique tourist attractions. Besides investing in industrial sectors, we hope that Korean investors will invest in the tourism sector, such as theme park projects, to work with the province to elevate the tourism industry,” Chairman Tran Duy Dong emphasized.

Korean investors top the list of 20 regions and territories with investment projects in Vinh Phuc.

The delegation included businesses already investing and operating in Vinh Phuc, as well as those exploring opportunities. Furthermore, Mr. Hong Sun, President of the Korean Business Association in Vietnam, stated that many more Korean businesses will be coming to Vietnam, and specifically to Vinh Phuc, in the near future.

“Korcham recently organized several seminars on high-tech and semiconductor technologies. Many businesses showed interest. I believe there will be more new investors coming to Vinh Phuc,” Mr. Hong Sun shared.

Therefore, the information about the province's investment attraction strategy in the coming period and the commitments to support and care for investors made by Chairman Tran Duy Dong sent a very positive message.

To date, Vinh Phuc province has 238 investment projects from South Korean investors, with a total capital of over 3 billion USD, ranking first in terms of registered investment capital among the 20 regions/territories with investment projects in Vinh Phuc.

Korean investment projects in Vinh Phuc currently focus primarily on textiles, automobile and motorcycle manufacturing, electrical and electronic production, and commercial services. The main focus is on supporting industries for electrical and electronic products, and services related to import and export activities and the trading of electronic goods.