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INTRODUCTION INVESTMENT CLIMATE & POLICIES FOR INVESTMENT ATTRACTION IN VINH PHUC PROVINCE VIET NAM Nguyen Tien Hanh Director, IPA Vinh Phuc VINH PHUC INVESTMENT PROMOTION AGENCY

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Page 1: INTRODUCTION - Hospodářská komora ČR · 2017. 10. 2. · Regional transportation network 4 1.1 Favourable geographical location and transportation + Vinh Phuc is located inside

INTRODUCTION

INVESTMENT CLIMATE & POLICIES FOR INVESTMENT ATTRACTION IN

VINH PHUC PROVINCE – VIET NAM

Nguyen Tien Hanh

Director, IPA Vinh Phuc

VINH PHUC INVESTMENT PROMOTION AGENCY

Page 2: INTRODUCTION - Hospodářská komora ČR · 2017. 10. 2. · Regional transportation network 4 1.1 Favourable geographical location and transportation + Vinh Phuc is located inside

CONTENT

1

• ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE

2

• POLICIES FOR INVESTMENT ATTRACTION AND SUPPORTS OF VINH PHUC PROVINCE

3• FIELDS AND SECTORS CALLING FOR INVESTMENT

2

Page 3: INTRODUCTION - Hospodářská komora ČR · 2017. 10. 2. · Regional transportation network 4 1.1 Favourable geographical location and transportation + Vinh Phuc is located inside

6 major advantages 1.1 Favourable geological, natural conditionsand transportation

1.2 Investors and enterprises support from thelocal Government and local people

1.3 Simple and fast-processing administrativeprocedures by one-stop service mechanism

1.4 Young population, labor abundant; and richcultural and historical traditions

1.5 Integrated socio-economic infrastructurebasically installed in a modernized way

1.6 Great opportunities for supporting industryfor automobile, motorcycle, electronics, andtele-communication

1. ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE

Page 4: INTRODUCTION - Hospodářská komora ČR · 2017. 10. 2. · Regional transportation network 4 1.1 Favourable geographical location and transportation + Vinh Phuc is located inside

Regional transportation network4

1.1 Favourable geographical

location and transportation

+ Vinh Phuc is located inside 03

planning zones: the Northern

Vietnam key economic region,

the Red River delta, and Hanoi

Capital region;

+ Being a part of Yunnan (China)

– Lao Cai – Ha Noi – Hai Phong

(Viet Nam) Corridor and Vietnam

Northern Industrial Developing

Corridor.

+ Convenient transportation sys-

tems available: national highways

railways, Trans-Asian railways,

Red river and Lo river waterway;

bordering with Noi Bai Inter-

national Airport.

1. ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE

Page 5: INTRODUCTION - Hospodářská komora ČR · 2017. 10. 2. · Regional transportation network 4 1.1 Favourable geographical location and transportation + Vinh Phuc is located inside

BA THIEN 2 INDUSTRIAL PARK

5

1.1 (Cont.)

+ Natural topography includes:

delta, midland, and mountainous

areas; is potential for multiform

of tourism (eco, resort, sport, ad-

venture, spiritual tourism), and

green economic development.

+ Temperate climate, annual

average temperature: 22-23oC;

+ Good geological structure, and

solid ground facilitate industrial

and urban development, saving

foundation cost of construction;

+ High density of rivers, lakes,

swamps; water source abundant

for industrial use and for living;

+ No earthquakes nor flood.

1. ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE

Page 6: INTRODUCTION - Hospodářská komora ČR · 2017. 10. 2. · Regional transportation network 4 1.1 Favourable geographical location and transportation + Vinh Phuc is located inside

1.2 Investors and enterprises

support from the local government

and local people

+ With the following motto:

“Investors in Vinh Phuc are the

province citizens, the success of the

enterprises are also the province’s”;

+ The provincial leaders takes drastic

measures in management; facilitating

the investors in doing business; resol-

ving difficulties in time for investors

and enterprises;

+ Vinh Phuc is one of the top

provinces with the best management

capability in economic development,

in 2015, the province ranks 4th/63 in

provincial competitiveness index;

+ The local people are willing to

handle the land to investment project

for socio-economic development.

Leaders of Vinh Phuc Province and Piaggio – Italia

in brand new Vespa scooter lauching Ceremony

6

1. ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE

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7

1.3 Simple and fast processing

administrative procedures by

one-stop service mechanism

+ Administrative procedures on

investment are published on the

internet and at processing units in

the province;

+ One-stop service processing

mechanism, time reduction is

from one third to half compared

to normal method;

+ Communicate and support the

investors in 4 main languages:

English, Japanese, Korean, and

China.

Investors support in Vinh Phuc Province

ONE STOP

SERVICE

Providing

info to

Investors

One stop

service

processingDocument

receiving

and results

returning

Supports

for whole

lifetime of

projects

Receive &

processing

feedbacks

and

proposalsSet up

communi-

cation

system

Document preparation

consulting

service

Publish

mechanis

m training

supports

1. ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE

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8

1.4 Young population, labor

abundant; and rich cultural

and historical traditions.

+ Golden population structure,

low rate of dependency, labor

rate in total population 59.6%,

rate of trained labor is increa-

sing continuously;

+ There are 35,000 high school

and secondary school students

graduate each year; 20,000

students graduates from uni-

versities, colleges, vocational

and training schools; and thou-

sands of engineers, bachelors,

and workers from abroad re-

turn to work in the province.

IT practicing in Vinh Phuc Vocational College

1. ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE

Page 9: INTRODUCTION - Hospodářská komora ČR · 2017. 10. 2. · Regional transportation network 4 1.1 Favourable geographical location and transportation + Vinh Phuc is located inside

The art of construction - Binh Son Tower

National Exceptional Ranked Vestige

9

1.4 (Cont.)

+ The local people are known

for their fondness of learning,

labouriousness, and creativity.

The students in the province

won many international and

regional Excellency Contests

(golden and silver medal);

+ Hundred of ranked historical

and cultural monuments in

well-known tourism sites and

the national primary forest.

There are 2 national excep-

tional ranked vestiges:

Tay Thien historical and

cultural tourism site, and Binh

Son tower

1. ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE

Page 10: INTRODUCTION - Hospodářská komora ČR · 2017. 10. 2. · Regional transportation network 4 1.1 Favourable geographical location and transportation + Vinh Phuc is located inside

Vinh Phuc Urban Plan by 2030 with vision to 2050

10

1.5 Integrated socio-economic

infrastructure basically installed in a

modernized orientation.

+ Completed master plan and sectional

plan for socio-economic development;

completed master plan for construction

in a closed provincial border, aiming to

a sustainable development;

+ The Province has installed an internal

and external transportation network

with 4 belt-roads, 9 center-pivot roads,

Noi Bai – Lao Cai Express Way (Trans-

Asia Expressway and National way 2.

+ Prioritization are given to irrigation

system and rural transportation;

1. ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE

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Khai Quang Industrial Park

11

1.5 (Cont.)

+ 19 planned industrial parks

with a total area of 5,530 ha.

Standard factories, warehouses

available for lease to SMEs in

each industrial parks;

+ Clean water supply, power

supply, wastewater and waste

treatment, telecommunication

available;

+ Service and living facilities:

hotels, restaurants, amusement

parks, golf course, etc. are

developing fast.

1. ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE

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12

1.5 (Cont.)

+ Benefits from ODA funded

projects and other concessional

loans of international banks:

•Vinh Phuc Flood Risk and

Water Management Project

(World Bank - WB);

•Secondary Cities Develop-

ment Program – Green City

(Asian Development Bank );

•Vinh Phuc Investment

Climate Improvement Project

(Japanese Bank for Inter-

national Cooperation – JBIC).

A transportation project funded by

Japanese ODA

1. ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE

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International Corporations invested in Vinh Phuc

13

1.6 Great opportunities for

supporting industry for auto-

mobile, motorcycle, electro-

nics, and telecommunication

in the North of Vietnam.

+ Toyota, Honda Corp.(Japan),

Piaggio(Italia), Daewoo (Korea)

are successfully manufacturing

and assembling automobile and

motorcycles in Vinh Phuc;

+ Several large electronics Corp

from Japan (Canon), Korea

(Samsung), Taiwan (Foxconn,

Compal) invested in Vinh Phuc

and nearby provinces and cities.

1. ADVANTAGES OF INVESTMENT CLIMATE IN VINH PHUC PROVINCE

Page 14: INTRODUCTION - Hospodářská komora ČR · 2017. 10. 2. · Regional transportation network 4 1.1 Favourable geographical location and transportation + Vinh Phuc is located inside

Beside the common regulations, investment projects in Vinh Phuc also benefit

from the following policies and supports:

2.1 The Province installs all essential infrastructure: transportation road, power and

water supply, telecommunication, etc. to the border of the industrial parks;

2.2 Lowest land rental price applied according to the regulated frame enables the

enterprises to reduce production cost and increase the competitiveness of products;

2.3 Authorized provincial and district agency responsible for fast land acquisition,

clearance, and compensation, creating a land pool available for investors;

2.4 Simple administrative procedures publicly listed about process, document lists,

application forms and being monitored under one stop service mechanism online at

http://motcua.ipavinhphuc.vn

14

2. POLICIES FOR INVESTMENT ATTRACTION AND SUPPORTS

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2.5 Receiving feedbacks and

proposals, timely resolving

difficulties of enterprises by

setting up and maintaining

the operation of an online

Dialogue Portal between

Enterprises and the Govern-

ment.

http://doithoaidoanhnghiep.

vinhphuc.gov.vn

After receiving questions,

feedbacks, or any proposals

from the enterprises, the

relating organizations are

responsible for answering

within 05 working days.

15

2. POLICIES FOR INVESTMENT ATTRACTION AND SUPPORTS

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• 2.6 Finance support for labor training, project documents preparation, especially,

supporting industry projects in the industrial parks are free-of-charge for

administrative procedures, support the investor in recruitment.

• 2.7 For large-scale projects or projects greatly benefit the socio-economic

development, more favorable policies might be considered.

16

2. POLICIES FOR INVESTMENT ATTRACTION AND SUPPORTS

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3.1 Industrial Development

3.1.1 Mechanics, automobile and

motorbikes assembling, and re-

lated supporting industries.

3.1.2 Electronics, telecommunication

and related supporting industries

3.1.3 New materials and light-weight

materials

3.1.4 Agricultural forestry and fishery

process;

3.1.5 Industrial park infrastructure.

17

3. FIELDS AND SECTORS CALLING FOR INVESTMENT

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3.2 Service Development

3.2.1 Finance, banking, insurance;

3.2.2 Stocking, logistics;

3.2.3 Supermarket, restaurant, hotel;

3.2.4 Eco-tourism resorts, high-class

amusement parks;

3.2.5 Education and training centers:

Universities, vocational schools,

high schools, and high quality

kindergartens;

3.2.6 Healthcare and medicalcare

hospitals, nursing centers.

18

3. FIELDS AND SECTORS CALLING FOR INVESTMENT

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3.3 Agricultural development

3.3.1 Hi-tech production of vegetable,

fruit, and flower with processing

facilities.

3.3.2 Hi-quality diary and pig with

food processing facilities.

3. FIELDS AND SECTORS CALLING FOR INVESTMENT

Page 20: INTRODUCTION - Hospodářská komora ČR · 2017. 10. 2. · Regional transportation network 4 1.1 Favourable geographical location and transportation + Vinh Phuc is located inside

3.4 Socio-economic infrastructure

development

3.4.1 Clean water treatment and

supply, urban effluent drainage

and treatment;

3.4.2 Industrial waste and household

waste treatment.

20

3. FIELDS AND SECTORS CALLING FOR INVESTMENT

Page 21: INTRODUCTION - Hospodářská komora ČR · 2017. 10. 2. · Regional transportation network 4 1.1 Favourable geographical location and transportation + Vinh Phuc is located inside

Thank you for your attention!

Vinh Phuc Investment Promotion Agency

(IPA Vinh Phuc)

• 38 - 40 Nguyen Trai Str, Dong Da Dist, Vinh Yen, Vinh Phuc

• Tel: (+84) 211 3 616 618 - Fax: (+84) 211 3 616 018;

• Website: ipavinhphuc.vn Email: [email protected]

• doithoaidoanhnghiep.vinhphuc.gov.vn