Breakthrough in investment attraction - Bright spot from improving business environment

On July 25, at the Industrial Park on the left bank of the Da River, Hoa Binh Ward, Phu Tho Province, the inauguration ceremony of the Printed Circuit Board (PCB) Factory of Meiko Corporation (Japan) took place. This event not only marked an important milestone in Vietnam - Japan economic cooperation, but also convincing evidence of Phu Tho Province's breakthrough in attracting investment, improving the business environment and developing high-tech industry.

New symbol of strategic capital

Meiko Hoa Binh Factory Project is invested in phase 1 with a total capital of 200 million USD, on an area of 9.2 hectares, is Meiko's 5th factory in Vietnam. The factory specializes in manufacturing electronic circuits for peripheral devices, computers, household appliances, audio-visual equipment, solar panels, processors and industrial controls... which are products in the global value chain of the high-tech electronics industry. Mr. Atsushi Satake - Executive Vice President of Meiko Group affirmed: The inauguration of the Group's factory in Phu Tho is a strategic step in expanding Meiko's global production chain. At the same time, he believes that the investment environment in Phu Tho will be a favorable foundation for implementing phase 2 of the project with a total expected capital of up to 350 million USD.

Meiko factory did not appear by accident. This success is the result of a process of extensive administrative reform, accompanying and serving businesses, which the Phu Tho provincial government has been pursuing vigorously over the past time. The provincial People's Committee not only maintains a hotline to handle problems for investors but also establishes the Investment Promotion and Business Support Center under the provincial People's Committee.

This is considered an effective, professional and investor-friendly “one-stop” model. Here, the government directly listens to and responds to recommendations, contributing to building strong trust between the government and businesses. In addition, administrative procedures are simplified and processing times are shortened through the e-government platform and online public services, helping to increase transparency and reduce costs for investors.

Strong attraction from investment environment reform

According to the Provincial Statistics Office, in the first 7 months, the province attracted a total FDI capital of 651.7 million USD, including 35 newly licensed projects (119 million USD) and 45 projects with increased capital (533 million USD). Regarding domestic investment (DDI), the figure reached 43,198 billion VND, an impressive growth rate in the context of the country's economic recovery efforts.

The Meiko Corporation's electronic printed circuit board manufacturing and processing plant has created jobs for thousands of local workers.

In the entire 2021-2025 term, Phu Tho (including the three provinces of Phu Tho, Hoa Binh and Vinh Phuc) has attracted 232 FDI projects with a total capital of over 3.5 billion USD and 596 DDI projects with a total capital of over 171,900 billion VND. The average value of each FDI project is 15.2 million USD, higher than the average of the Northern Midlands and Mountains. It is worth mentioning that many large projects have started construction within 6 months such as: Da Phuc Food Production and Processing Project of about 7,500 billion VND, Lac Thinh Animal Feed Production Project of about 7,000 billion VND, Sao Bay Resort and Tourism Area of about 1,995 billion VND, Phu Hung Thai Ecological Urban Area with a total capital of more than 4,300 billion VND... These projects are not only large-scale but also have a spillover effect, improve production capacity, create local supply chains and create tens of thousands of jobs for workers.

The above results are due to the participation and efforts of the entire political system of the province over the past time. At the same time, the province has identified investment attraction as a key task throughout. Building trust and an open investment environment has become a prerequisite to attract strategic investors.

Along with that, the province focuses on reviewing and removing obstacles in legal procedures, site clearance, and determining land rental prices, especially for public investment projects and industrial park infrastructure. At the same time, the province is also promoting focused investment, targeting strategic partner countries such as Japan, Korea, Singapore, Germany, France, etc.

CRS Solar Cell Company specializes in manufacturing solar panels in Luong Son Industrial Park, creating jobs with stable income for hundreds of local workers.

Not only by numbers, the investment environment in Phu Tho is making its mark in the hearts of the business community. Important indicators such as provincial competitiveness index (PCI), administrative reform index (PARINDEX), people's satisfaction index (SIPAS), governance and public administration efficiency index (PAPI) are all assigned specific improvement targets for each department, sector and locality.

The rate of newly established and re-established enterprises has also increased. In the first 7 months of 2025, the province had 2,701 newly established enterprises with registered capital of over VND 25,500 billion; 964 enterprises re-established. This is a clear signal that the business community's trust in the provincial government is being strongly strengthened.

Provincial leaders pledged to support businesses investing in the province with open policies.

With a synchronous reform orientation, consistent policies to support businesses, develop infrastructure and improve institutions, Phu Tho is gradually affirming its position as a "fertile land" for strategic investors in Vietnam.

Manh Hung

Source: https://baophutho.vn/buoc-dot-pha-trong-thu-hut-dau-tu-diem-sang-tu-cai-thien-moi-truong-kinh-doanh-237461.htm