Vinh Phuc local authority has pledged to speed up solving administrative procedures including certificates of investment and business establishment, the Vietnam Business Forum reported.

Director of Vinh Phuc Investment Promotion Agency Nguyen Tien Hanh said that promoting administration reforms would significantly helped attracting investment flow into the province.

The Provincial Competitiveness Index (PCI) of Vinh Phuc in 2013 increased 17 levels and there was a positive move in investment attraction.

In the first two months of 2014, Vinh Phuc licensed 16 projects including eight foreign-invested projects (FDI projects) and eight domestic-invested projects (DDI projects) with total registered capital of 102.4 million USD and 202.4billion USD, respectively.

To improve PCI ranking and realise the target of attracting 30 FDI and DDI projects in 2014, Vinh Phuc has been mobilising all its resources for infrastructure investment to create favourable conditions for businesses to invest in their industrial zones. Further more, the local authority has provided vocational training for their people and helped tackle businesses’ difficulties while operating in the province.

With specific investment support policies and efforts of local agencies, Vinh Phuc expects that 2014 will witness a spectacular improvement in provincial PCI ranking.-VNA