The "sweet fruits" of attracting investment.

Amidst the nationwide push for industrialization and modernization coupled with deep international integration, Phu Tho province is emerging as a bright spot in the Northern Midlands and mountainous region in industrial development and investment attraction. A clear industrial development orientation, proactive and flexible approaches, and timely support from all levels of government have created positive and significant changes in this sector.

Synchronize and modernize infrastructure to attract investment waves.

Recognizing industry as a key driver of socio -economic growth, Phu Tho province has proactively taken a proactive approach in planning, creating clean land funds, and investing in the synchronized infrastructure of industrial zones.

According to the provincial planning for the period 2021-2030, with a vision to 2050, the industrial development space will be expanded, linked to regional integration and development along the value chain. By the end of 2025, the province had established 28 industrial parks with a total area of ​​over 5,800 hectares.

The infrastructure of Cam Khe Industrial Park is comprehensively and modernly developed, making it a popular destination for many FDI investors.

According to the plan, by 2030, the province will continue to develop 30 industrial parks with a total land area of ​​over 7,437 hectares; of which, 8 industrial parks have had their zoning plans approved, and the remaining 22 are completing the necessary procedures. This is a significant industrial land fund, creating ample room to attract investment projects in the coming period.

Following the reorganization of administrative boundaries, the province's industrial development plan has been adjusted to focus on leveraging the advantages of each region and strengthening regional linkages. Many key industrial zones such as Phu Ha, Trung Ha, Phu Ninh, Thang Long, Ba Thien II, Song Lo II... have been invested in with integrated transportation systems, electricity, water supply and drainage, telecommunications, and logistics, ready to receive projects in processing and manufacturing, electronics, precision mechanics, and supporting industries.

Not only are industrial parks in Phu Tho expanding in scale, but they are also strongly shifting towards green, smart, and sustainable models. For example, the Ba Thien II Industrial Park, with a scale of nearly 309 hectares, has over 270 hectares already handed over, achieving an occupancy rate of approximately 98%.

This industrial park currently attracts 76 investors, including 71 FDI enterprises, with the presence of many international corporations such as Polaris (USA), Nippon Paint (Japan), Assa Abloy (Sweden), VPIC1 (Taiwan - China), etc.

According to Mr. Trinh Van Quang, Director of the industrial park infrastructure investment enterprise, along with production infrastructure, the industrial park places special emphasis on environmental factors. The centralized wastewater treatment plant has a capacity of 10,000 ^m³ /day, using technology from Japan and Singapore, meeting stringent international standards. This is an important condition for attracting high-tech projects and sustainable development. Currently, the industrial park provides stable employment for more than 25,000 local workers.

A transparent investment environment

Alongside infrastructure development, the province is implementing a comprehensive set of solutions to improve the investment and business environment, considering this a key factor in enhancing competitiveness. The Provincial Industrial Parks Management Board is promoting administrative reform, implementing a "one-stop shop" mechanism, and strengthening dialogue and support for businesses from the survey and licensing stages to project implementation and operation. As a result, the province has achieved many outstanding results in attracting investment.

In 2025, the province is expected to attract US$1.5 billion in foreign direct investment (FDI), reaching 143% of the plan; and domestic direct investment (DDI) reaching VND 260.5 trillion, 3.6 times higher than in 2024. There will be 41,870 registered businesses with a registered capital of over VND 450 trillion. The number of newly established businesses will exceed 4,500, an increase of 44.2%, with a registered capital of over VND 40 trillion, an increase of 29.1% compared to 2024.

Many large-scale, high-tech projects have been implemented, such as the Jahwa electronic component manufacturing plant with a capital of $100 million; and the Allied Circuit Meiko Vietnam electronic printed circuit board manufacturing plant with a capital of $77 million. Typical capital increase projects include JH Vina increasing its capital by $150 million and Meiko increasing its capital by $100 million.

Regarding domestic investment, the province granted licenses for 37 new projects and approved capital increases for 23 projects, with a total investment of 14,657 billion VND. Many large projects in infrastructure and industrial production have been implemented, contributing to expanding the production capacity of the economy.

Workers in industrial zones and clusters work in green, environmentally friendly environments, and their living standards are constantly improving.

Speaking with reporters, Mr. Hoang Long Bien, Head of the Provincial Industrial Parks Management Board, emphasized: The impressive figures mentioned above clearly reflect the confidence of investors in the local investment environment. Mr. Bien added that the Management Board works directly with each project, proactively resolving difficulties and obstacles, with the ultimate goal of supporting investors to start production as quickly as possible.

Many FDI businesses also highly appreciate Phu Tho's advantages. Mr. Lee Ju Hyoung - Deputy General Director of HaNa Company (South Korea) said that the choice of Phu Tho stemmed from its favorable location, synchronized industrial park infrastructure, and active support from the government. When operational, the company's project is expected to create jobs for more than 500 workers.

It is evident that not only foreign investors, but also domestic businesses are taking full advantage of the significantly improved investment environment. Ms. To Thi Thu Huong, Business Director of Strong Way Vinh Phuc Industrial Co., Ltd., believes that investment procedures in Phu Tho are becoming increasingly clear and transparent, helping businesses confidently invest in modern machinery and enhance their competitiveness to participate in the supply chain.

According to Mr. Lee Jong Young, Chairman of the Korean Business Association in Phu Tho, foreign businesses always receive attention and favorable conditions from the province during the investment and production process. Technical infrastructure, especially the electricity system serving production, is invested in comprehensively and reliably. With its favorable geographical location and the active support of the local government, Mr. Lee Jong Young believes that foreign businesses will have many investment opportunities in Phu Tho.

The positive results in industrial development and investment attraction are proof of the correctness of policies based on three core pillars: unity and cohesion within the political system; building a streamlined, effective, and efficient apparatus; and clearly defining long-term goals and appropriate solutions, maximizing the exploitation of resources for development.

With a consistent perspective: internal strength is decisive, external forces are the driving force, and businesses and people are at the center, Phu Tho province is gradually realizing its goal of becoming an important growth pole of the region, a future center of industry, trade, and logistics. And the positive developments starting today will be a solid foundation for the province to continue its breakthroughs and contribute increasingly to the overall development of the country in the new era.

Hoi - Long

Source: https://baophutho.vn/trai-ngot-tu-thu-hut-dau-tu-246340.htm