Vinh Phuc is committed to supporting and partnering with investors in industrial parks

Removing "bottlenecks" in site clearance

Vinh Phuc province is currently focused on compensation and site clearance for 10 major industrial park projects covering over 1,987.9 ha. Recognizing the challenges in this process as a key obstacle to attracting investment and industrial development, the Provincial Party Committee, People's Council and People's Committee have issued directives to enhance leadership, coordination, and the efficiency of state management across relevant departments and districts. Efforts include addressing land valuation and sourcing issues, expediting land-related administrative procedures, and facilitating reforms in construction, licensing and fire safety approvals. To date, 1,292.71 ha have been cleared, accounting for 65% of the required area, though progress remains behind schedule.

Binh Xuyen district, alongside relevant departments, is actively working to attract experienced and capable investors for the development of industrial infrastructure. The district is also advancing site clearance efforts for planned industrial parks and clusters to ensure timely land handover for infrastructure construction. Notably, the Son Loi Industrial Park project spans over 276 ha, with more than 257 ha designated for industrial use. To date, Binh Xuyen has cleared and compensated for over 117 ha. The district is continuing to review and finalize the clearance process, including assessing the resettlement needs of households affected by the industrial park development.

Tam Duong district is focused on achieving its goal of becoming an industrial hub by 2030, with ongoing efforts in site clearance, infrastructure development, and investor attraction. Currently, compensation, clearance and resettlement are underway for two-thirds of the industrial park area. At the Tam Duong II Industrial Park project, Zone A, the total area is 127.87 ha, with 103.247 ha (80.74%) cleared and compensated. The remaining 24.623 ha are still pending. For the Tam Duong I Industrial Park Project, Area 2, which covers 162.33 ha, over 109 ha have been cleared, but 1.2 ha face unresolved issues. The main challenge remains the compensation and clearance of 71 households, who, despite the approval of compensation plans from 2014-2016, have not accepted payment and are requesting compensation based on current land prices. The district continues to work with these households to resolve the issue in accordance with regulations.

The households whose land was recovered by the Tam Duong District People's Committee and approved for compensation and site clearance under the 2014-2016 plan have raised concerns due to the delayed completion of the resettlement area infrastructure, which was only finalized in 2024. This delay has led to a discrepancy in land prices between the time of land recovery (2014-2016) and the current resettlement period. As a result, these households have not agreed to the compensation based on the original prices, requesting instead that the price difference between the two periods be addressed.

To resolve the "bottleneck" in industrial park land development, at the "Sustainable Development of Industrial Parks in Vinh Phuc Province" conference in late September, Chairman Tran Duy Dong instructed relevant authorities to finalize the auction of land for industrial park site leveling by December 2024. The Department of Natural Resources and Environment, in coordination with district People's Committees, was tasked with finalizing land price determinations and facilitating the issuance of Land Use Right Certificates. The Department of Planning and Investment, together with the Department of Finance, was assigned to allocate funds for resettlement projects, ensuring the completion of land acquisition and clearance activities. Additionally, efforts would be made to raise public awareness and secure support for the land acquisition and clearance process.

Effectively supporting investors

Since 2021, Vinh Phuc has implemented effective infrastructure development and investment attraction strategies, resulting in the approval of investment policies for 8 new industrial parks, covering a total area of over 1,300 ha, bringing the total number of industrial parks in the province to 17. Newly registered investment capital exceeded VND9,400 billion and US$129.4 million. The registered investment capital for industrial park infrastructure projects since 2021 has increased 2.14 times compared to the 2016-2020 period. Currently, 9 out of the 17 industrial parks in the province are operational.

According to the Provincial Industrial Zones Management Board, industrial parks developed in the 2021-2025 period have created clean land funds and established relatively complete technical infrastructure, along with auxiliary and welfare facilities, meeting the basic requirements for investment attraction. Many of these industrial parks have prioritized building technical infrastructure combined with green initiatives, including advanced wastewater and exhaust gas treatment systems. Significant infrastructure investments have enabled these parks to attract many projects, produce key industrial products, create over 140,000 jobs and contribute to increased budget revenues, thereby making substantial contributions to the province's socio-economic development.

To promote in-depth industrial development and drive breakthroughs in productivity and quality, Vinh Phuc aims to enhance investment in industrial park infrastructure, focusing on green and sustainable growth. In the next phase, the province will continue addressing challenges in compensation, site clearance, and delays in construction progress. Efforts will be made to improve the quality of detailed planning for industrial parks, attract more secondary investors, and increase the occupancy rate of industrial parks. These measures will support the province's long-term industrial and economic development goals.

In carrying out its management responsibilities for industrial park development, the Vinh Phuc Industrial Zones Management Board has continuously strengthened its role and responsibilities as assigned by the Provincial People's Committee. It has made efforts to promote and attract investment, while also developing the infrastructure of industrial zones. In addition, it has supported and worked closely with investors and enterprises, providing effective assistance throughout the process: from handling administrative procedures and site clearance to coordinating with relevant agencies to swiftly resolve any challenges or issues faced by investors and businesses.

By capitalizing on opportunities and positioning itself as a safe destination for investment, Vinh Phuc has actively worked to improve its investment environment, attract investment, and upgrade the infrastructure of its industrial zones and clusters. Notably, through systematic and synchronized investment in technical infrastructure and professional management practices, companies developing industrial park infrastructure have gained the trust of both domestic and international investors, particularly strategic ones. This approach has set Vinh Phuc's industrial parks apart, creating a unique competitive advantage and strong appeal for investment in the province.