Increasing the "attraction" of industrial parks

Workers of COSMOS 1 Technology Company Limited (Thuy Van Industrial Park, Viet Tri city) produce spare parts and accessories for motor vehicles and engine vehicles to serve domestic and foreign markets.

Along with planning and investing in the construction of synchronous and modern industrial park infrastructure, the province has focused on attracting investment, especially attracting foreign direct investment (FDI). The province has planned to build 7 industrial parks, of which 4 have been put into operation. To date, the industrial parks have attracted 184 investment projects, including 97 domestic investment projects with a total registered investment capital of over VND 23,108 billion and 87 FDI projects with a total registered investment capital of over USD 2.3 billion. The industrial parks in operation have attracted nearly 170 enterprises to invest in production, including over 80 enterprises with foreign investment capital. In 2024, the revenue of enterprises is estimated to reach more than VND 90,000 billion, an increase of about 38% over the same period last year, and the budget contribution is estimated at VND 1,800 billion; Export value is estimated at 15 billion USD; creating jobs for over 62,000 workers with an average income of over 7.5 million VND/person/month.

To attract effective investment, in addition to the advantages of location, infrastructure, and traffic connections, there are also issues of land access, administrative procedure settlement, especially rapid site clearance to hand over clean land to investors to implement projects on schedule. The process of implementing this task in localities and units in the province shows the active participation of the entire political system, the close coordination between relevant levels, sectors and units, and the synchronous implementation of solutions, from promoting propaganda, publicizing and making policies transparent to listening and promptly resolving people's recommendations. These are lessons that are not new, but when applied at the right time and to the right subjects, they will create a breakthrough to promptly remove "bottlenecks", create an open space to complete infrastructure in many localities, making Phu Tho continue to become an attractive destination for domestic and foreign investors. In 2024, the construction of Phu Ha Industrial Park Phase I was completed, and the basic site clearance of Cam Khe Industrial Park was completed.

BYD Electronics Vietnam Co., Ltd., Phu Ha Industrial Park, Phu Tho town specializes in manufacturing and assembling electronic circuit boards for computers, tablets and other electronic components. The company has over 11,000 employees, with an import-export turnover of about 4.5 billion USD in 2024. Mr. Leo Su - Director of the Company shared: “Currently, investors are interested in land, human resources, infrastructure, supporting industries, and local support policies. Phu Tho has all of these favorable factors. Phu Tho is an attractive destination for investors. I am really impressed by the province's determination, cooperation, and support for businesses. The province has always created favorable conditions for us and promptly removed difficulties.”

The province also identifies a list of projects, industries, sectors, and locations suitable for attracting investment associated with sustainable economic development, harmoniously resolving social issues, ensuring ecological environment, security, and national defense. With favorable conditions, open policies, and a transparent investment environment, when the province attracts large projects, many other investors will come to Phu Tho. The prestige of large investors will, together with the province, create a strong "attraction" for other businesses to choose industrial parks in Phu Tho as their destination.

Regarding investment in the construction of industrial parks and attracting investment in the coming time, comrade Nguyen Ngoc Hanh - Head of Phu Tho Industrial Park Management Board said: "Determining the progress and quality of construction of industrial park infrastructure is an important factor in attracting investors with large production capacity, high technology and modernity, therefore, the Industrial Park Management Board actively coordinates with relevant departments and units to strengthen the supervision of investors in implementing construction investment in compliance with the industrial park construction planning approved by competent authorities, construction and environmental standards according to the provisions of law; supervise and evaluate the quality of works according to the provisions of law on construction. Actively attract and select investors with potential, experience and qualifications to invest in construction and business of industrial park infrastructure. Strengthen the control of investment attraction in industrial parks, selectively attract investment, proactively attract large corporations, enterprises, industries and fields that Vietnam prioritizes, modern technology projects; limiting the attraction of investment projects that use a lot of water, chemicals, energy, have a high risk of environmental pollution, and low added value".

Trinh Ha

Source: https://baophutho.vn/tang-suc-hut-tu-cac-khu-cong-nghiep-230481.htm