The local area Northern Central

Resources

– Natural resources: Vinh Phuc has a large forest area, especially Tam Dao forest with various and diversified resources: 260 types of timbers and plants including precious wood such as Fokienia and valuable medical plants. Besides, there are several rare and precious mineral found in the province such as tin, gold and others with large reserves used for construction material production such as sand, stone, limestone, construction rock, granite stone (50 million m3) but they are mainly found in tourism spots and Tam Dao National Park.

– Tourism resources: It is lucky for Vinh Phuc to own beautiful sceneries such as Tam Dao, Tay Thien, Dai Lai, Dam Vac, etc. Tam Dao tourism spot is considered one of the best place of interest in the Northern Vietnam. And Thac Bac, Xa Huong lake, Lang Ha dam and primeval forests, etc will be unforgotten memory of any visitor.

– Human resources: The province’s labour force is abundant, accounting for 61.6% of the total population. There are many universities, professional, vocational schools at central level located near the province. The province has 20,000 pupils and 10,000 school graduates each year. Therefore, the local labour force can meet the demand for economic development in term of quantity and quality.

Infrastructures

– Transportation system: The system is convenient with roadway, railway and waterway. Besides, the province is situated near Noi Bai International Airport. There are 4 national highways No. 2, 2B, 2C and 23 running through the province. Hanoi – Lai Cai railway route (linking to Yunnan, China) runs through the province. There are several large rivers (Lo, Pho Day and Red rivers) running through the province, which creates favorable conditions for constructing Chu Phan, Vinh Thinh and Nhu Thuy Ports for transportation of materials, goods, equipment, facilities from Hai Phong, Quang Ninh seaports to the province.

– Water and Power supply sytem: The system is quite complete meeting the demand of households and production. There are two 110 kV transformer stations, one in Vinh Yen with the capacity of 65,000 KVA, the other in Phuc Yen with the capacity of 40,000 KVA.

– Industrial zones: Vinh Phuc has 9 industrial zones and clusters:Kim Hoa IZ (117 hectares), Binh Xuyen IZ (271 hectares), Binh Xuyen II IZ (485 hectares), Khai Quang (262 hectares), Ba Thien IZ ( 327 hectares), Ba Thien II IZ (308 hectares), Chan Hung IZ (131 hectares), Son Loi IZ (416 hectares) and Hoi Hop IZ (150 hectares). Vinh Phuc continues to get governmental permission to open 14 new industrial zones with the total area of 5,576 hectares.

Economic situations

– Growth rate: Vinh Phuc has enjoyed high growth rate (even much higher than that of the country) thanks to its priorities given to investment, exploitation of all potentialities and of all resources for economic development. In the period of 2006-2010, the average growth rate was 17.6%, especially in 2006 the rate reached 19.8% ranking at the 7th nationwide.

– Economic structure: Shifted in the positive way that is to increase the proportion of industry and services while decrease that of agriculture, Forestry and Aquaculture.