Vĩnh Phúc poised to become the country’s largest automotive and motorcycle production hub

The province of Vinh Phuc has set its sights on becoming one of the nation's major automotive and motorcycle manufacturing hubs, with the crucial goal and task outlined in its industrial development plan.

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Deputy Prime Minister Tran Hong Ha has recently signed Decision No. 158/QD-TTg on February 6, approving the 2021-2030 master plan for Vinh Phuc province, with a vision towards 2050.

By 2030, Vinh Phuc province aims to be a leading locality in terms of per capita GRDP growth in the country, with a modern and comprehensive infrastructure that meets the criteria of a type I urban area. This will serve as a foundation for it to become a centrally-run city.

Looking ahead to 2050, Vinh Phuc envisions itself as a centrally-run city with a modern, green, and clean infrastructure, distinctive cultural identity, prosperous society, and comprehensive development in all aspects including economy, society, and environment. The residents will enjoy a high quality of life and happiness.

The plan sets out the goal of making Vinh Phuc one of the largest automobile and motorcycle production centers in the country.

The decision also identifies key breakthrough tasks, which include leveraging the province’s strengths in developing high-tech industries (with a focus on mechanical engineering, automobile and motorcycle manufacturing, and electronic components), making Vinh Phuc one of the largest automobile and motorcycle production centers in the country.

In addition, developing tourism as the province’s spearhead economic sector is emphasized, with a focus on “quality service – unique products – sustainable efficiency.” Vinh Phuc aims to develop tourism based on its traditional cultural values while creating a unique style with new and unique forms, making it a top destination for resort tourism with a brand and competitive capacity both nationally and internationally.

The decision also highlights a group of solutions regarding mobilizing and utilizing investment capital, with a focus on vigorously mobilizing sources of capital for development investment. It emphasizes the efficient use of public investment capital, prioritizing key projects that create spillover effects and promote socio-economic development. It encourages expanding investment forms, promoting public-private partnerships and other investment forms, as well as enhancing investment promotion both domestically and internationally to mobilize investment capital for infrastructure development and production and business projects within the province.

SOURCEcafef
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