Vinh Phuc authorities have assured enterprises from the Czech Republic of favorable conditions for them.

Chairman of the Vinh Phuc provincial People’s Committee Nguyen Van Tri spoke at a recent workshop on investment opportunities in Vinh Phuc held in Prague, the Czech Republic on August 1.

He highlighted the local favorable business environment, saying that it offers comprehensive infrastructure, skilled worker training, simplified administrative procedures and low-cost land rent fee to foreign investors.

At the working session. Photo: Vietnam+

Vice President the Economic Chamber of the Czech Republic Borivoj Minar said a delegation of Czech firms plans to visit Vinh Phuc to expand cooperation.

Vice Chairman of the provincial People’s Committee Nguyen Kim Khai said the province ranked fourth in the provincial competitiveness index in Vietnam. It has lured 221 foreign investors with the total investment capital of USD 3.5 billion.

He expressed his hope that Czech firms will invest in mechanical manufacturing and supporting industry.

Meanwhile, Vietnamese Ambassador to the Czech Republic Truong Manh Son updated the development of friendship and economic cooperation between the two nations, while underlining Vietnam’s investment potential.

Earlier on July 31, the Vinh Phuc delegation, led by Tri, had a working session with representatives from the Embassy of Vietnam, the Vietnamese People Association and Vietnam Business Association in the Czech Republic.

The provincial leader called on Vietnamese expats to invest more in the locality.

Source: VNA