Destination of investors

Cam Khe Industrial Park has invested in complete technical infrastructure, welcoming many secondary investors.

Actively attract investment

With many synchronous and drastic solutions in improving the business investment environment, enhancing competitiveness, especially closely following the requirements of domestic and foreign investment attraction orientation according to Resolution No. 61-NQ/TU dated October 13, 2021 of the Provincial Party Committee on strongly improving the business investment environment, Phu Tho has achieved many positive results in socio-economic development, especially in attracting investment. In the period of 2021-2024 alone, Phu Tho attracted and added capital to 386 private investment projects (DDI), with registered capital of 66,500 billion VND and 104 foreign direct investment projects (FDI), with registered capital of 1.7 billion USD. Of which, the province has granted Investment Registration Certificates to 294 new DDI projects with registered capital of VND57,300 billion and 42 new FDI projects with registered capital of USD1,120.1 million.

Projects attracted in the province in the first 3 months of 2025 are also increasingly high quality, including 2 projects with investment capital of over 1 million USD, including: Project of manufacturing metal parts and components for computers, communication equipment and consumer electronics of PUT Technologies Vietnam Co., Ltd. (Hong Kong) in Phu Ha Industrial Park, investment capital of 4 million USD; investment project to build TAIMAI Veterinary Pharmaceutical Factory (Australia) in Van Xuan Industrial Park, investment capital of 1.97 million USD. In general, in the first 3 months of 2025, our province has attracted 7 new domestic projects, with registered capital of 295.5 billion VND; 5 FDI ​​projects, with registered capital of 7.86 million USD.

Mr. KS - Deputy Director in charge of Innovation Future Vietnam Co., Ltd., Vice President of Innovation Group (Hong Kong - China), said: “Before investing in Vietnam, Innovation had 3 factories in Hong Kong (China) and Phu Tho was the province chosen by the Group to implement projects to produce Bluetooth wireless headphones and headphone components to supply the Group's electronic equipment production and supply chain. Starting to build a factory in Phu Ha Industrial Park in 2020, Innovation Future Vietnam now has 3 factories in Phu Ha Industrial Park with a total investment of more than 36 million USD and is continuing to invest in factory No. 4 specializing in camera production also in Phu Ha Industrial Park. Besides the factor of ensuring the infrastructure of the Industrial Park, one of the reasons for the Group to decide to invest in Phu Tho is the effective support of the local government”.

As a company owned by Vietnam Sunergy Joint Stock Company (VSUN SOLAR), Vietnam Sunergy Cell Co., Ltd. (TOYO SOLAR) was established in November 2022 in Cam Khe Industrial Park, focusing on research, production and trading of solar batteries. One month after its establishment, the Company completed the procedures, started construction and officially put the factory into operation in November 2023. With the favorable conditions of the authorities at all levels and the Provincial Industrial Park Management Board, immediately after the completion of phase 1, the Company continued to invest in phase 2, increasing the factory capacity to 3 GW/year, equivalent to 463,104,000 products/year (solar cells) in Cam Khe Industrial Park. Mr. Li HuaYang - Deputy General Director of Vietnam Sunergy Cell Co., Ltd., said: “With the continued investment and operation of phase 2 of the project, together with Bac Giang and Bac Ninh, Phu Tho has become a locality that plays a very important role in the group's value chain on a global scale. The effective, substantial and timely support of the province is the decisive factor for the group to continue choosing Phu Tho as an investment location in the future.”

The fact that investors who have had production investment projects in Phu Tho continue to learn, research and implement new projects is a practical proof showing trust in the province's commitments in accompanying businesses, as well as affirming its position as one of the localities with good economic management quality with an open, transparent and effective investment environment.

TOYO SOLAR's solar panel production line in Cam Khe Industrial Park has been operating stably, achieving positive production and business results.

Flexible in response to difficulties

According to the leader of the Provincial Investment Promotion and Financial Services Center, the complicated developments of the COVID-19 pandemic in the past and the world and domestic situation have many new issues that have arisen, developed rapidly, complicatedly, and beyond forecast; especially the competition and confrontation between major economies; the financial market, currency, gold prices, gasoline, raw materials, goods fluctuated strongly, the supply chain was affected... have significantly affected the implementation of the province's investment promotion program. However, the province has also directed the organization to implement investment promotion activities flexibly, suitable to the local situation.

Along with organizing working groups to promote direct investment in Europe and China, Australia and New Zealand, Korea, Japan...; participating in the working group of the Ministry of Planning and Investment to learn and exchange experiences on the capacity and innovation of the Republic of Ireland in developing cooperative economy and proposing solutions to develop cooperative economic models in Vietnam..., provincial leaders and departments, branches and sectors have increased activities to meet, exchange and work with strategic investors such as: BYD Group, Crystal Group (Hong Kong - China), Wingtech Group, Vingroup Group, T&T Group...; establishing working groups to support investors in surveying and researching investment projects in the province.

The province also directed units to organize investment promotion delegations at home and abroad, strengthen investment promotion cooperation connections, attract investment with diplomatic agencies; coordinate with the Northern Investment Promotion Center, the Foreign Investment Agency and provinces in the region to carry out investment promotion activities. Organize investment promotion conferences in the province, coordinate to organize investment promotion forums by region and in major provinces and cities; promote investment on the spot through receiving and working with international delegations to provide legal information on investment, business, investment incentive policies, promote the province's potential strengths to investors. Diversify channels to promote information on investment attraction; coordinate with foreign representative agencies in Vietnam, organizations, enterprises, and business associations to call for investment in the province.

In addition, the province also directed units to participate in many conferences and seminars on investment promotion organized by ministries, branches and central agencies, especially those organized by the Ministry of Planning and Investment, the Ministry of Foreign Affairs and the Ministry of Industry and Trade to introduce and promote the strengths and potential for socio-economic development of the province; promote investment cooperation from localities, organizations, foreign enterprises as well as the Vietnamese community abroad. Organize conferences to remove difficulties for enterprises and investors in the process of implementing projects in the province, especially key projects of the province.

According to the leader of the Department of Finance, in order to avoid spreading resources and improve the quality of investment promotion, in 2025, together with the organization of investment promotion delegations, research, market surveys, investment promotion with enterprises in Europe, Northeast Asia, North America, Southeast Asia, Phu Tho will focus on strengthening on-site investment promotion activities, promotion through the media, supporting investors and enterprises from the stage of business registration to project implementation and resolving difficulties and problems in the implementation process. In particular, it will innovate the form of investment promotion in a specific and direct direction, supporting from the stage of research, project consultation, unifying the process of a single point of contact in supporting procedures for granting investment policies, construction permits, fire prevention and fighting, environmental impact assessment, etc.; Committed to site clearance, land allocation, proactively grasping and handling arising issues,... The orientation of investment attraction in 2025 will continue to focus on selecting industries according to the province's orientation for the period 2021-2025. In particular, priority will be given to attracting high-tech, new technology, clean energy, and environmentally friendly projects in various fields through calling for social investment capital in many forms; focusing on calling for foreign direct investment for large-scale projects, highly competitive products participating in the global value chain of transnational corporations, thereby receiving technology transfer, building and developing a system of supporting industries and enterprises. Identifying the development of digital economy, green economy, promoting innovation, digital transformation, and strong application of science and technology as strategic choices, promoting growth and provincial competitiveness in the long term.

Dinh Vu

Source: https://baophutho.vn/diem-den-cua-cac-nha-dau-tu-230480.htm