INVEST VINH PHUC > Supports > Development Potential > Districts and Cities > Vinh Yen City
Vinh Yen City

Vinh Yen City

Vinh Yen city is the central city and economic hub of Vinh Phuc province, as well as an important transportation hub for the Northern economic region.

Vinh Yen city has a total natural area of ​​5,039.20 hectares with 09 administrative units including 07 wards (Tich Son, Lien Bao, Hoi Hop, Dong Da, Ngo Quyen, Dong Tam, and Khai Quang) and 02 communes (Dinh Trung and Thanh Tru).

In terms of production value, Vinh Yen ranks as the second-largest contributor within Vinh Phuc province, with a recorded value of 86.4 trillion VND in 2021, following Binh Xuyen and Phuc Yen.

In 2021, the average annual economic growth rate of Vinh Yen is estimated to reach 16.2% per year. Specifically: The agriculture, forestry, and fisheries increased by 1.2% per year; the industry and construction grew by 18.0% per year; the services experienced a growth rate of 7.4% per year.

The development direction for industries and sectors in Vinh Yen includes:

  • Manufacturing and processing industry: Electronics manufacturing, textile and garment, fertilizer production, supporting industries. Priority is given to attracting projects that incorporate advanced technology, promote efficient land use, and encourage businesses from South Korea, the European Union, Japan, and other entities that can make substantial contributions to the local budget.
  • Wholesale, retail, and vehicle repair: Plan and attract investment in the regional service center (regional market) in Vinh Yen city, which is a hub for introducing and consuming local products, especially agricultural products, and a hub for import, export and consumption of goods in the region. Continue to attract investment in supermarkets and shopping centers in urban areas, as well as markets in rural areas. Improve the quality and diversity of wholesale and retail forms to create favorable conditions for people’s spending and shopping. Planning and promoting the development of the night-time economy to develop food and entertainment services.
  • Construction: Focusing on building diverse types of residential properties (urban housing, resorts, homestays) and civil engineering projects (key transportation infrastructure); Developing housing for citizens and workers in industrial parks.
  • Accommodation and food services: Plan and attract investment in the regional service center (regional market) in Vinh Yen city, which is a hub for introducing and consuming local products, especially agricultural products, and a hub for import, export and consumption of goods in the region. Continue to attract investment in supermarkets and shopping centers in urban areas, as well as markets in rural areas. Improve the quality and diversity of wholesale and retail forms to create favorable conditions for people’s spending and shopping. Planning and promoting the development of the night-time economy to develop food and entertainment services.
  • Transportation and warehousing: Developing warehouses and parking lots, ensuring that the distance from the parking lots and warehouses to the service destination is no more than 1 km; Facilitating entrepreneurs to convert their land into parking lots or warehouses for consigned goods, vehicles, or storage of goods for traders.