Prime Minister Nguyen Xuan Phuc speaks at the conference.
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Vinh Phuc has risen from an agriculture-based locality to a huge industrial production, automobile and motorbike making centre of the northern region and the whole country, with a modern technical infrastructure system in the past years.
Average economic growth of the province reached 17.24 percent annually, while budget collection rose to 24 trillion VND in 2015 from only 100 billion VND in 1997.
Prime Minister Nguyen Xuan Phuc atttends a groundbreaking ceremony of Tam Dao Ecotourism project in Vinh Phuc province.
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So far, the province has attracted 856 investment projects, including 227 FDI projects, worth 3.4 billion USD and 629 domestic-funded ones with a total capital of 99.2 trillion VND.
Vinh Phuc has prioritised assisting businesses in labour supply and waste treatment.
With many beautiful natural landscapes, including Tam Dao National Park, Ban Long waterfall and Dai Lai lake, Vinh Phuc also boasts high potential for tourism development.
Speaking at the conference, Prime Minister (PM) Nguyen Xuan Phuc lauded the speedy development of Vinh Phuc as well as its high budget collection that amounted to 31 trillion VND in 2016, only after Hanoi.
Vinh Phuc is among the top four localities nationwide in terms of the investment environment, a far cry from its 43rd position in 2012, PM Phuc noted.
The province should become a development centre of the northern region and the whole country regarding industry, service, tourism, innovative ideas, and agricultural renovation, he stressed.
The Government leader emphasised that Vinh Phuc should strive to reach 15,000 new enterprises by 2020, doubling the current figure.
The PM attributed it to the province’s sound settlement of infrastructure, human resource and constitutional issues, which are the three obstacles hindering economic growth in Vietnam.
PM Phuc also suggested that Vinh Phuc should pay attention to designing good planning and strategies with the priorities given to environmental protection, thus becoming a “province that is worth living”.
He urged the province to invest more in tourism and services as the way to maintain a good living environment for locals.
The Cabinet leader also asked Vinh Phuc to continue its comprehensive reform to win investors’ confidence and attract high quality human resources.
According to the province's authorities, Vinh Phuc has set to basically complete its urban infrastructure framework in 2020 to become an industrial and service hub of the region and the country.
At the conference, investors and economists highly evaluated the future growth potential of Vinh Phuc, while lauding the local government’s efforts in administrative reform and supports in various fields.
