Vinh Phuc carried out investment promotion mission in Russia
Implementing investment mission plan in 2017, pursuant to Notice 9007/VPCP-QHQT dated August 24th 2011 of the Prime Minister, the provincial investment promotion mission to Europe led by Mr. Tran Van Vinh, Deputy Secretary of Party Standing Committee, Chairman of People’s Council started its mission from Sep 3rd 2017
During the meeting with Vietnam Embassy to Russia, Mr Tran Van Vinh briefly introduced the socio-economic development in Vinh Phuc Province in the first 6 months of 2017. GRDP was estimated to increase by 7.31% in comparison with the same period last year (current price 2010). Agro-forestry and fishery increased by 1.09%; industry and trade increased by 8.28%; service increased by 7.89%, and tax on products increased by 6.98%; cultural and social security were better taken care of, national defense, social order and securities were well-kept. Vinh Phuc is now focusing on and trying its best to improve its business environment in order to attract more FDI from foreign countries in general and Russia in particular.
Regarding FDI attraction: In the first 6 months of 2017, the province has approved 22 new projects with a total registered investment of 49.7 million USD; adjusted registered capital for 19 existing projects with a total increased investment of 121.0 million USD. Total increased investment (both new and existing projects) is 170.7 million USD, which is equal to 83.9% in comparison with the same period last year, and complete 68.3% according to this year plan. Currently, there are 904 direct investment projects in the province, including 659 DDI projects with a total investment of 67,382.21 billion Dong and 245 FDI projects with a total investment of 3.66 billion USD.
On behalf of Vietnam Embassy to Russia, Mr Lai Ngoc Doan, Ad interim, together with representatives from divisions in Vietnam Embassy to Russia welcomed the mission to Russia. Mr. Lai Ngoc Doan highly appreciated Vinh Phuc’s success in investment promotion activities, and briefed some information about the Embassy’s actitivies, relationships between Vietnam and Russia, potentials for co-operation in term of investment and trade in the coming time. The Ad interim also hoped Vinh Phuc would continue to boost its investment promotion activities in order to create a reputation so that Russian investor would come and study investment opportunities in Vinh Phuc.
On Sep 4th 2017, the provincial investment promotion mission met and worked with leaders of Hanoi – Moscow Hotel and Culture Trade Center (INCENTRA) Representative of Vietnam Embassy to Russian also attended the meeting.
During the meeting, on behalf of the mission, Mr Tran Van Vinh highly appreciate the operation and development of INCENTRA, and briefly introduced the growing socio-economic development of the province, and potentials and advantages of Vinh Phuc for investors. The mission leader invited INCENTRA leaders to visit and study the business environment in Vinh Phuc in person so as to have a better understanding about the province and attract Russian investors to Vinh Phuc.
INCENTRA leaders introduced the formation and development of the center, and business results of the center in the recent years. INCENTRA also promised to co-operate with the province in promoting the business environment to investor community in Russia.
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