Investment Attraction Policies
1. Priority sectors for investment attraction
1.1. Industry
– Manufacturing of electronic products and electrical equipment.
– Mechanical engineering, fabrication, and metal production.
– Food and beverage processing.
– Other industries: Agricultural and forestry product processing; Production of building materials (new, high-quality, environmentally friendly materials).
1.2. Services
– Tourism services: Resort and eco-tourism; Festival, religious, meditation & spiritual tourism; Cultural and historical tourism; Sports tourism (golf tourism); Conference and seminar tourism; Supplementary tourism combined with commercial purposes.
– Commercial services: Shopping malls, hypermarkets, supermarkets, warehouses, wholesale markets.
– Logistics services: Developing diverse and modern transportation and warehousing and logistics services.
1.3. Agriculture
– Husbandry: Large-scale breeding projects, farms, applying technology, organic farming (pigs, cows, poultry).
– Crops: High-quality rice, safe medicinal plants, fruits, and vegetables;
– Forestry: Development of eco-tourism; processing and trading in forestry products, planting of medicinal plants.
– Fisheries: Developing high-tech aquaculture; large-scale aquaculture, applying good farming practices, organic farming…
2. List of investment projects calling for investment from 2021-2025 in Vinh Phuc province
The list of 58 priority projects calling for investment includes: Large-scale projects; Market projects; Infrastructure investment projects for industrial parks; Infrastructure investment projects for industrial clusters; Water supply investment projects; Projects in healthcare, education, tourism, and environment; and other direct investment projects.
(Detailed list is available here)
3. Investment support policies
In addition to the investment incentives stipulated by the Government of Vietnam, Vinh Phuc province has its own investment support policies.
(Detailed information is available here).
4. Restricted projects that do not attract investment from 2021-2025 in Vinh Phuc province
*) Projects restricted from foreign investment:
– Projects in industries with limited market access as specified in Appendix I of Decree No. 31/2021/ND-CP dated March 26, 2021, of the Government detailing and guiding the implementation of a number of articles of the Investment Law.
– Projects that use restricted technology transfer as specified in Section I, Appendix II of Decree No. 76/2018/ND-CP dated May 15, 2018, of the Government detailing and guiding the implementation of a number of articles of the Law on Technology Transfer.
– Projects that use scrap materials as production inputs with outdated technology as required in Directive No. 27/CT-TTg dated September 17, 2018, of the Prime Minister on urgent measures to strengthen the management of import and use of imported scrap materials as production inputs.
– Tam Dao I and Tam Dao II areas, Tam Dao district.
– Dai Lai lake and Ngoc Thanh commune, Phuc Yen city.
– Surrounding areas of Thanh Lanh lake and Northern part of Trung My commune (bordering Thai Nguyen province), Binh Xuyen district.
– Surrounding areas of Xa Huong lake and Ban Long hamlet, Minh Quang commune, Tam Dao district.
– Surrounding areas of Lang Ha lake, Ho Son commune, Tam Dao district.
– Surrounding areas of Dong Mo lake and Vinh Ninh lake, Dao Tru commune, Tam Dao district.
– Surrounding areas of Van Truc lake, Van Truc commune, Lap Thach district.
– Surrounding areas of Bo Lac lake, Dong Que commune, Song Lo district.
– Tay Thien scenic area and Northern part of Dai Dinh commune (bordering Thai Nguyen province), Tam Dao district.
*) Projects that do not attract investment:
– Projects in sectors prohibited from investment and business as listed in Paragraph 1, Article 6 of the 2020 Investment Law.
– Projects that use prohibited technology transfer as specified in Section I, Appendix III, Decree No. 76/2018/ND-CP dated May 15, 2018, which provides for the details and instructions for implementing certain provisions of the Technology Transfer Law.
– Projects that use used machinery, equipment, or technological lines that do not meet the requirements of Decision No. 18/2019/QD-TTg dated April 19, 2019 of the Prime Minister regulating the import of used machinery, equipment, and technological lines.
– Projects that pose a risk of environmental pollution.
– Projects that affect national security and defense.
*) Projects that do not attract foreign investment:
– Press activities and news gathering in all forms.
– Investigation and security services.
– Investment in building burial grounds to transfer land use rights attached to infrastructure.
– Production and trade in weapons, explosives, and support tools.
– Acquisition, purchase, and processing of public assets in units under the armed forces.
– Production of military materials or equipment; trade in military uniforms and equipment for the armed forces, military weapons, specialized technical equipment, specialized military and police equipment, components, parts, spare parts, specialized supplies and equipment, specialized technologies used for manufacturing of equipment.
– Investigation, evaluation, and exploitation of natural forests (including timber harvesting, hunting and trapping of rare wild animals, management of genetic resources of crops, livestock, and microorganisms used in agriculture).