Tourists saunter along a picturesque road in front of a hotel nestled in the serene environs of Vinh Phuc, Vietnam. (Photo: Anucha Charoenpo)
VINH PHUC, Vietnam – Thai entrepreneurs are being strongly encouraged to turn their gaze towards investing in Vinh Phuc, a province where more Thai tourists are also likely to find joy in visiting, says a well-regarded local journalist. Situated just an hour’s drive from the bustling capital of Hanoi and Noi Bai International Airport, Vinh Phuc is a burgeoning hub for automobile and electronic engineering.
“Vinh Phuc serves as a pivotal juncture linking the Northwest provinces, Hanoi, and the Red River Delta,” noted Nguyen Dinh Bang, chairman of the Vinh Phuc Provincial Journalists Association. “This province, with a population exceeding 1.1 million, is instrumental in propelling the economic strategy of the region and, by extension, Vietnam.”
Investment in Vinh Phuc spans 19 countries and territories, with South Korean investors taking the lead, trailed closely by investors from Japan, Taiwan, China, Singapore, Thailand, Italy, Samoa, Seychelles, the Netherlands, Sweden, the United States, India, the British Virgin Islands, Russia, Spain, Indonesia, France, and Germany.
“It would immensely benefit our Vinh Phuc industrial sector to welcome an influx of Thai businessmen. We eagerly await their arrival,” Mr. Bang conveyed to a delegation from the Thai Journalists Association (TJA). This visiting team, comprising five Thai journalists and executive committee members led by TJA president Norrinee Ruangnoo, undertook the journey to Hanoi and Vinh Phuc as part of a media exchange aimed at fostering bilateral media connections.
Mr. Bang shared insights with the delegation on how partner countries might replicate the successful economic model that has driven Vinh Phuc’s rapid growth to yield equally rewarding outcomes. Vinh Phuc has swiftly ascended as a preferred destination for both domestic and foreign investors, courtesy of the national government’s push to develop it as a cutting-edge industrial zone, particularly in high-tech sectors.
He floated the idea of establishing a sister city or twin town relationship with an equivalent province in Thailand. Mr. Bang urged the TJA president to relay this proposal to the Thai government, envisioning a prospering paired province that could mirror Vinh Phuc’s success.
Reaching beyond the business spectrum, Mr. Bang expressed his desire for an increased influx of Thai tourists to relish the natural splendor and scenic beauty of Vinh Phuc. The province, he highlighted, boasts a diverse and richly ecological landscape with numerous picturesque spots like Tam Dao, a quaint mountainous resort town.
Vinh Phuc actively promotes Tam Dao as an alluring getaway for Thai tourists seeking a retreat into tranquillity. The locale offers a refreshing ambiance, a moderate climate, and romantic vistas, positioning it as an ideal escape for those yearning for a serene environment.
So, whether you are an investor seeking fertile ground for your next venture or a traveler in search of tranquility, Vinh Phuc stands ready to welcome you with open arms. Vietnamese hospitality coupled with the province’s natural and industrial promise makes it a destination not to be missed.
This sounds like a golden opportunity for Thai investors. Vinh Phuc seems to have everything: location, growth, and a welcoming environment.
Seems too good to be true. What about the risks? Oversaturation and economic dependency could be huge problems.
Every investment has risks, but diversification and strategic planning can mitigate them. Besides, Vietnam’s growth story is impressive and encouraging.
The hype around Vietnam reminds me of the early days of China’s investment boom. Timing is key. Early birds might catch the worm, but latecomers could get burned.
As a frequent traveler, Tam Dao sounds enchanting! I’ll definitely consider adding it to my Vietnam itinerary.
Me too! It sounds like a hidden gem. I love finding unspoiled, beautiful places before they get overrun by tourists.
Just hope it doesn’t become another tourist trap. Authenticity and preservation of nature should be priorities.
Absolutely, Bella. Sustainable tourism is essential. Let’s hope they manage it wisely!
What’s crucial is the collaboration between Thai and Vietnamese businesses. It could set a precedent for other ASEAN nations to follow.
True, but I worry that too much foreign investment might stifle local businesses and lead to economic imbalances.
A valid point, Chris. However, with smart policies and fair competition, foreign investments can coexist with local enterprises harmoniously.
Why focus solely on cars and electronics? Vinh Phuc has a lot to offer in terms of eco-tourism and agriculture.
Diversification is key, but the high-tech sectors are probably leading because they bring faster and more substantial economic gains.
Agreed, but a balanced approach could yield more sustainable long-term benefits. Don’t want all eggs in one basket!
Interesting read. However, isn’t this just another ploy to attract investors without addressing local socio-economic issues?
I understand your skepticism, but this could also uplift local communities if managed correctly. Increased investment often leads to better infrastructure and services.
True, but it can also lead to gentrification and marginalization of local populations. The balance is tricky.
The idea of a sister city relationship between Vinh Phuc and a Thai province sounds promising! It could strengthen cultural and economic ties.
What about the environmental impact? Is Vinh Phuc equipped to handle the influx of tourists and industrial growth without degrading its natural beauty?
Great point! Environmental laws need to be stringent and enforced. Long-term sustainability is crucial.
Absolutely! Let’s hope the local authorities prioritize this as much as economic growth.
As an entrepreneur, I’m enticed by the prospects in Vinh Phuc. But the article doesn’t mention any specific incentives for Thai investors.
Vinh Phuc is strategically situated, which is a significant advantage. Proximity to Hanoi and Noi Bai International Airport can’t be overstated.
Can anyone share their firsthand experiences in Vinh Phuc? It sounds too idyllic to be true.
I suspect other countries will also ramp up their investments, potentially edging out Thai entrepreneurs.
This piece strongly advocates for investment. Wonder if there are underlying issues not mentioned, like bureaucratic red tape?
I’ve visited Vinh Phuc, and it’s indeed beautiful. The locals are friendly, and the food is amazing!
That’s good to hear! Food is a big draw for me when traveling.
Great article, but I’d like to know more about the challenges investors may face in Vinh Phuc.
Do Thai tourists actually frequent Vinh Phuc? I always thought they preferred more popular destinations like Hanoi or Ho Chi Minh City.
They do, but off-the-beaten-path destinations like Vinh Phuc are gaining popularity for their tranquility and natural beauty.
I support the idea of expanding high-tech industries in Vinh Phuc. It will create jobs and boost the local economy.
Would love to see more emphasis on sustainable tourism practices, though. It’s important to preserve the natural beauty of places like Tam Dao.
This article makes Vinh Phuc sound almost perfect. But what’s the real estate market like there? Any insights?
From what I know, the real estate market is heating up due to increased interest from foreign investors. Prices are on the rise.