The majority of FDI enterprises in the northern province of Vinh Phuc are operating more effectively than last year, generating more jobs and stable income for local workers.

According to the management board of industrial parks in Vinh Phuc, it is managing 114 operational projects including 77 FDI ones, equivalent to 84 percent of the province’s total number of investment projects.

In the first ten months of this year, local businesses have recruited around 4,000 new workers, which helps raise the number of labourers at the industrial parks to 49,000 people. Of which, 44,700 at the FDI firms receive an average monthly salary of 4 million VND (190 USD).

The Republic of Korea–invested Daewoo Apparel Vietnam company, specialising in garment and textile products, has around 1,600 workers, most of them female.

The FDI firm always makes efforts to ensure the rights of its employees, observing legal and safe production practices and quality meals for staff.

Thanks to its bid to improve equipment and technology, Daewoo Apparel Vietnam has bettered the quality of its products and maintains a monthly average wage of 3.5 million VND (165 USD) for its workers.

Vina Korea Co., Ltd is another outstanding example. Despite facing drastic competition from Chinese and Indian partners, the RoK-invested enterprise still affirms its position in the market of garment and textile exports.

The majority of FDI businesses in Vinh Phuc underline investments in labour safety and the improvement of working conditions for employees. These firms have applied environmentally friendly and modern technologies to reduce production costs.

To help local businesses maintain stable production and attract labourers, the province is striving to speed up the construction of social housing and other social facilities for workers while continuing to perfect the infrastructure of the industrial zones, especially electricity networks.-VNA