The reported decline has been raised to 4.9%13. For Vietnam,
The crisis has also slowed economic growth, from
The 6.8% growth rate according to the 2020 socio-economic development plan has decreased to 2.8 3% according to the World Bank's forecast14. The International Monetary Fund even
remainder
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Vietnam's growth in 2020 could be
spend
reached 1.8%,
down from the 2.7% growth forecast in June 202015.
This crisis not only reduces aggregate demand on a global scale, it also affects
negatively affect the market of Vinh Phuc enterprises in general, the
Enterprises in Vinh Phu Industrial Parks in particular, but also do many chains
Supply with the participation of Vinh Phuc enterprises was interrupted.
The disease has disrupted production for many businesses in Vinh Phuc industrial parks, with no revenue while many costs still arise, forcing businesses to pay. Since the beginning of 2020, many countries with great influence on the international market have re-evaluated their market structures and implemented many measures.
old activities
wife
to restructure supply chains
application
weak, scattered
supply sources to avoid over-dependence on one or a few single countries. This creates an opportunity for Vinh Phuc to promote investment, attracting businesses that want to move their production locations to Vietnam.
Monk
geopolitical competition
between major and minor powers
global movement
as well as their direct impact on Vietnam's socio-economic development.
Vietnam in general and Vinh Phuc in particular. Thus, businesses
Vinh Phuc, including enterprises in industrial parks in the province, will have to adapt to competition not only of enterprises, but also of national competition, taking into account political relations.
value and their influence on the
activity
business activities in the market.
This makes market movements more unpredictable and thus,
Business risks and investment risks will be greater. Vinh Phuc's opportunities here are:
13 IMF (2020), World Economic Outlook Update, June 2020: A Crisis Like No Other, An Uncertain Recovery.
14 Resolution No. 85/2019/QH14 dated November 11, 2019 of the National Assembly; World Bank in Vietnam (2020): Overview of Vietnam's socio-economic situation (updated October 2020).
15 IMF (2020), Country data Vietnam at a Glance June 2020 and October 2020.
Thanks to its political and socio-economic stability, the Province's attractiveness to
investors will be significantly improved.
The continued globalization trend has created favorable conditions for enterprises in Vinh Phuc Industrial Parks to have favorable opportunities to boost exports and expand production. The fact that Vietnam has signed and implemented many free trade agreements has created more favorable conditions for enterprises.
industry in this direction. However, the trend of increasing trade protection in
Many countries also pose challenges, requiring Vinh Phuc enterprises to carefully research the market and invest to meet the increasingly strict requirements of the foreign markets, while preparing contingency solutions to promptly detect and overcome risks that may arise.
Scientific and technological progress continues to take place on a large scale, at a rapid speed, with multi-dimensional and strong impacts on economic and social life.
to invest
as
to the production and business activities of enterprises
enterprises in Vinh Phuc industrial parks. This development trend requires enterprises in industrial parks to invest in innovating their production and business systems.
itself, creating a large demand for capital, affecting the credit market in
The country in general and Vinh Phuc in particular have both positive and negative impacts.
to the selection of tools and implementation of financial solutions for industrial parks in the Province. On the Province side, the functional agencies in the state management system
The country needs to create more favorable conditions.
promote exam
capital market
land
more developed, helping businesses have additional resources to improve their capacity and scientific and technological level.
The economic structure of Vinh Phuc has been transformed consistently.
towards industrialization, modernization and urbanization. The shift of mechanisms
This structure has proven to be in the right direction, suitable to the conditions and potential of the province. Therefore, Vinh Phuc has maintained a high and stable economic growth rate throughout the period since the province was re-established. Thanks to that, the province's economy, especially the industrial sector, has created a fairly large capacity, creating
be basic
pretty solid for monks
sustainable development in the coming period.
As for enterprises in industrial parks, although still facing difficulties, they have established and maintained an initially stable market, established initial cooperative relationships to promote specialization and cooperation, and consolidate
Strengthening the supply chain to promote sustainable production in
in the coming years. The problem for Vinh Phuc province is to attract more investment and synchronously implement many solutions to strongly develop the industry.
supporting industries in the area, especially developing production of products
Intermediaries, parts and accessories for businesses in industrial parks
in Vinh Phuc.
The business environment in the province has been improved strongly and quite comprehensively. In particular, administrative procedures and state management of the economy in Vinh Phuc have been improved in the direction of simplifying procedures and improving the efficiency of management; the infrastructure system of Vinh Phuc has been significantly improved and upgraded compared to the previous period, and has been better connected to the national infrastructure system (which itself has been upgraded and expanded, improved significantly).
significant). Results
Yes, this helps to significantly improve
the charm of Vinh
Good for investors from other provinces and from other countries.
Thus, in the coming period, despite major difficulties and challenges, especially the impact of the COVID 19 pandemic, Vinh Phuc can still continue to maintain its development. The development orientations that the Province can pursue are:
Maintain and continue to promote the process of economic restructuring according to
increasing the proportion of industry and services, at the same time shifting the internal structure of each industry towards improving the quality of goods production, increasing the proportion of added value of Vinh Phuc in product value;
Comprehensively improve science and technology level, improve capacity
competitiveness of the Province, promoting the role and positive impact of the Province on the development
socio-economic development of the region; enhance the position of Vinh Phuc in the system
national production system as well as in the systems that Vinh Phuc participates in;
global value chain
Improve sustainability in socio-economic development of the Province, especially
Improve key indicators in the National Sustainable Development Criteria, ensuring
ensure consistency between criteria;
Synchronize the technical infrastructure system and the basic system.
socio-economic infrastructure in the province, especially improving the quality of the system
This information, expansion and development are included in the infrastructure system to meet
better meet the socio-economic development needs of the locality;
Linking economic development with social progress and equity, narrowing
Gradually narrow the gap in living standards between social classes and between urban and rural areas; effectively implement social security policies.
and agriculture
Economic development
with exploitation, use
effective use
resources
natural resources and ecological environment protection; proactively respond to climate change; closely combine socio-economic development with ensuring national defense and security, maintaining political security and social order and safety.
3.1.2. Viewpoints and development orientations of Vinh Phuc province in the period 2021 - 2025
industrial zones in
Stronger industrial development is a direction suitable to the actual conditions and objective trends for Vinh Phuc in the coming period, when
Industrialization requires the province to change its focus.
important and breakthrough development. In this process, the Province needs to thoroughly grasp the following main viewpoints:
Firstly, it is necessary to closely follow the socio-economic development orientation of the country.
as of the Province, baḿ
standard
industrial development, development of industrial parks of the country
water. Both orientation, goals, methods, and stages
phaṕ
and mobilization, allocation
resources as well as general industrial development progress, development of
Industrial parks in particular must be closely monitored and comply with the State's general planning and strategy.
Only then will Vinh Phuc's industry and industrial parks have a solid foundation and development that is balanced and harmonious with other local industries, and can connect with the industrial system of the whole country.
Second, priority should be given to improving the capacity and level of science and technology of the people.
enterprises in industrial parks. Science and technology have become decisive factors.
for development on a global scale
bridge and bridge
country that Vinh Phuc does not
But it is not an exception, but must take the lead in thoroughly grasping this trend. That
Meaning
is Vinh Phuc
general, industry and other
Vinh Phuc Industrial Park
private
must quickly improve science and technology level, improve your level
above average
national and regional
. It is important to realize that
Science and technology and their successful application to the public will help solve this problem.
a series of issues on maintaining and developing production and business, on solving problems
socio-economic and environmental issues. Thus, the
Vinh Phuc Industrial Park
new power
superior competition, can create and maintain its own sustainable development.
Third, it is necessary to develop and expand the linkages between enterprises in the
Industrial Park of Vinh Phuc
with each other and with the
Other companies
in the law
micro
country, copper
Consolidating the position of enterprises in Vinh Phuc industrial parks in supply chains
global. Only when creating and expanding relationships, having a regional position
safe
in the
supply chain
total
national and global, enterprises in Vinh Industrial Park
Phuć
Only then can we confidently invest in expanding production and specializing in
like
The stage where we have strengths, from there we can develop quickly and sustainably.
Bon
is, constantly improving efficiency
andkha
competitiveness of the
Industrial parks are like any other
DN in the
Industrial park crab
Essence. Before
when developing rapidly, DN
need to maintain its operations in a sustainable manner. This can only be achieved
when enterprises have good competitive capacity. Of course, science and technology are tools and
The most important factor to create this, but there are many options, ways
knowledge, the way to improve the science and technology level of enterprises. In the process
selector
method
Specifically, the efficiency criterion must be given priority.
important, considered by the effective guarantee
economy, how to
Company
rate of return
Higher than average profit margin is the most basic requirement to maintain business operations.
Five, need to study
innovation, innovation
improve organizational and management models
Industrial Parks. In addition to general industrial parks, including many industries (including
The industry is considered a "small industry" that the province prioritizes support for, and needs to develop industrial parks.
with large enterprises
do
center and many supporting enterprises. This model needs to be special
research, testing and implementation in new industrial parks of the province. Model
develop the
Samsung Industrial Park
in Bac Ninh and Thai Nguyen need to be consulted,
evaluate and draw lessons for Vinh Phuc.
Some basic orientations for sustainable development of industrial parks in the province in the period 2021 - 2025 are:
Quickly increase the occupancy rate of existing industrial parks and bring them into operation.
New Industrial Park
Exploitation. Section
The goal is to ensure the
achieve the target
The province has set the average occupancy rate of the
Industrial park
Fading
reach level 80
90% by 2025;
Improve the technical infrastructure system in and around the areas.
Industrial parks are synchronous and modernized, ensuring convenient connections between
fish
DN in the
Vinh Phuc Industrial Park with domestic and international markets. Objective
The goal is to ensure the stability of the electricity and water systems; reduce downtime.
to circulate materials and goods
from
Vinh Phuc Industrial Park
yellow
hybrid
to Hanoi and
Vietnam's major seaports account for about 10-15%; while improving infrastructure
socio-economic services for industrial parks in the province, at least in terms of a) accommodation, b) services
take care of the industrial park
teacher
show off
andc) spiritual culture for the workforce working in
Gań
sustainable development
Industrial park with environmental protection, improvement
high sense of responsibility
Industrial park in protection
environment and environmental improvement
internal school
Industrial parks, including the environment in enterprises of all kinds
Industrial park in Vietnam
The goal is to achieve by 2025,
radical
environmental pollution
schools in the
Industrial park, ensuring all
Industrial parks all have water treatment systems.
discharge
middle and low
waste after crab processing
fish
Industrial parks all meet the standards set by the State.
rule
ensure 100% of solid waste is collected for centralized treatment; implement
declare
measures
to strengthen control of air pollution in urban areas
Industrial parks; at the same time, increase the green cover coefficient within the industrial parks.
Enterprises belonging to the
Promote investment attraction to develop supporting industries for all sectors.
Industry is given priority for development in Vinh Phuc Industrial Parks, especially
Supporting industry for new materials industry, biotechnology, information technology
news, industry
agricultural processing
eel
high g, industrial products with high content
high knowledge, high added value
Strongly improve infrastructure, promote
show
advance
investment to attract FDI capital shifting from other countries
water
other
in the area
when the
The global supply chain is restructured to 1) enhance capacity
production of the industrial system to further accelerate the transformation process
structure
provincial economy; 2) improve the operational efficiency of the
business on
, especially in industrial zones and 3) strengthen the connection of production and business systems.
business in the area
with national and international markets, enhancing
world of
Vinh Phuc enterprises, especially the
business in the
Industrial park in Vinh Phuc
in presentations
globalized supply chain.
demand, thereby participating more deeply and effectively in the process.
3.1.3. Objectives of building and using financial solutions to develop industrial parks in a sustainable direction
Based on the role and effectiveness of using financial tools and solutions for industrial development, especially industrial parks in the area, the Province sets the goal of applying financial solutions as follows:
Firstly , it is necessary to clearly understand that in order to achieve the goals of economic development in general and sustainable development of industrial parks in particular , it is necessary to use many different financial solutions. In the coming time, Vinh Phuc province needs to implement a series of synchronous solutions, including a group of financial solutions.
considered of utmost importance, when implemented will be fast, strong and effective to each set goal.
have effects
Second , the implementation of financial solutions must be linked to each subject directly and indirectly related to the sustainable development of industrial parks. Subjects that need to use financial solution tools include: Local authorities
localities at all levels, industrial park infrastructure investors, secondary investors. Solution
The finance of each entity has different roles and effects, but all aim towards the sustainable goals of the entities themselves and the industrial park.
Third , regarding financial tools and solutions,
agency
reason
water
crab
The province needs to promptly (and periodically) review the
comprehensive financial policies and solutions, assessing the appropriateness of
They aim to develop industrial parks in a sustainable manner in each period.
specific points, from which to propose to the State to adjust but the regulations are no longer in place
suitable and proposed for the pilot implementation of the mechanism suitable for
border
dynamic in the context of the country's new socio-economic development and
square
Fourth , in the coming time , focus on financial solutions in the direction of: Amending the system of current policies and solutions to create more suitability and efficiency, adding new policies and solutions to accelerate targets to achieve
target. Reality
tea, there are many
policy has some points
not suitable
with Vinh Phuc
(special)
know
are the policies
aṕ
dun
general, but tends to favor enterprises
(a level that most businesses in Vinh Phuc have not reached yet).
However, the amendment, adjustment and supplementation cannot only focus on solutions and policies within the authority of local authorities and issued by localities. For current financial solutions issued by the Government, localities must calculate, consider, analyze the conditions for application and
their actual activities, from which to consider the appropriateness and inappropriateness of the presentation.
The Government has approved amendments and supplements to complete the financial policy mechanism.
local government, the initiative and self-determination of Vinh Phuc can only be
implemented with the policies and solutions of the province. For the policies of the province,
many
The regulation has been effective.
good content but no longer suitable for reality
Currently, it is necessary to review and evaluate to proactively make timely changes.
3.2. SOME
FINANCIAL SOLUTIONS OF INSTITUTIONS
MANAGEMENT
LOCAL STATE SUSTAINABLE DEVELOPMENT OF VINH PHUC INDUSTRIAL PARKS IN THE PERIOD 2021-2025, WITH A VISION TO 2030
To use
custom
promote and consolidate the sustainable development of industrial parks in the area,
in the coming time, the
agency
water
Vinh Phuc needs solutions
practical and reasonable financial solutions. Below are some solutions considered for implementation.
specific can
3.2.1. Proposal to the State
to treat
Adjust some tax incentive policies and
Use them appropriately to local conditions.
As analyzed above, tax is a very basic factor that any business must consider.
must be considered when researching and making investment decisions as well as choosing methods.
ań
business by it
strong impact on profit margins, on revenue generation
capital, kha
investment capacity
expand or enhance the capital
economic as well as
Technically
technology of the enterprise. The above impacts will directly affect the competitiveness and position of the enterprise both in the short term and in the long term.
limited. Through tać
action on, factor will affect
impact on investment and economic dynamics
business of the enterprise. For the above reasons, among the policies and solutions
economic development in general, in the development of each industry and each field in particular,
thing
Tax reform is always the solution.
was mentioned first. For the
Sustainable development of industrial parks in Vinh Phuc is the same.
Businesses should not only consider one or a few tax rates, but often have to consider
current situation and prospects for change/adjustment to the whole
set of colors
tax
Tax rates and conditions for exemption from each tax related to the activities of
themselves as well as to others
banks, banks
field
other
in the economy, the
implement tax policy
fish
other objects, especially neighboring objects
compete with them. If tax incentives are meaningful in attracting initial investment, then
The entire tax policy will be related to the entire business cycle of the enterprise.