Strengths in attracting investment and industrial development

Eastern Phu Tho area:

Attractive destination for investors

In recent years, the eastern region of the province has become a bright spot in attracting investment and a successful investment destination for many businesses. To achieve outstanding results in attracting investment and developing industry, the government of Vinh Phuc province (old) has focused on doing well the work of planning, site clearance, investing in completing technical infrastructure, traffic, improving the quality of human resources; building mechanisms, policies, and an open and flexible investment environment; Strengthening information, promoting images, advantages, potentials... A clear proof of the success of this area is that it has welcomed many large enterprises and corporations, including many "big guys" such as Toyota, Honda, Piaggio and recently technology enterprises from Korea, Japan, the US... Currently, the number of valid investment projects in industrial parks (IPs) in the Eastern region is 526 projects, including 134 domestic projects with a total investment capital of more than 24,300 billion VND; 392 FDI projects with a total investment capital of more than 7.1 billion USD.

Thang Long Industrial Park Vinh Phuc - an attractive destination for many domestic and foreign investors.

The success in attracting investment and developing industry in the Eastern region not only plays an important role in the province's economic growth but also creates jobs for nearly 150,000 local workers, contributing to improving people's lives. In the period of 2020 - 2025, the average economic growth rate of the province will reach 7.5% per year, higher than the average rate in the period of 2016 - 2020 (7%) and higher than the national average (6.2%). It is expected that the economic scale in 2025 will reach 390 trillion VND, 1.56 times higher than in 2020; GRDP per capita in 2025 is estimated at 105.2 million VND, an increase of 1.48 times compared to 2020.

Ready for new investment wave

According to the plan, the eastern region of the province has 29 industrial parks, with a total area of over 5,489 hectares. To date, 17 industrial parks have been established and granted investment registration certificates, with a total area of over 3,142 hectares, a total registered investment capital of over 246 million USD and 17,660 billion VND. The accumulated disbursed capital for infrastructure investment in industrial parks by the end of June 2025 of FDI projects reached over 130 million USD (reaching 52.7% of registered investment capital), of domestic projects reached over 7,329 billion VND (reaching 41.5% of registered investment capital). These are advantages for the eastern region to be proactive and ready to welcome the investment wave.

In fact, industrial parks in the Eastern region such as Ba Thien II, Khai Quang, Thang Long Vinh Phuc... are constantly expanding and upgrading to welcome new investment waves. Fields such as electronic component manufacturing, automatic equipment manufacturing, automotive technology, robotics and AI... are gradually replacing traditional industries.

Industrial parks in the Eastern region are also oriented towards industrial development associated with smart, green and sustainable urban planning. New industrial parks are all designed according to the industrial park - urban - service model, aiming to attract high-quality human resources and create favorable living and working conditions for experts and workers. At the same time, promoting the development of research and development (R&D) centers, cooperating with institutes, schools and FDI enterprises to gradually form an innovation ecosystem, making high-tech industry a pillar of the economy.

Mr. Trinh Van Quang - Project Development Director of Vina CPK Joint Stock Company, infrastructure investor of Ba Thien II Industrial Park said: Entering the new phase, businesses have made careful preparations to be ready to welcome new opportunities, maximizing the advantages of the new province after the merger. Infrastructure investors hope that the new provincial government will continue to accompany and share with businesses, especially in compensation and site clearance. Vina CPK believes that the new province will bring a transparent, attractive environment with rich development space for infrastructure investors and businesses wanting to invest in Phu Tho.

Mr. Hoang Long Bien - Head of the Provincial Industrial Park Management Board shared: With its potential, advantages, strategic vision and drastic actions, the Eastern region of the province is increasingly affirming its role as a dynamic, transparent and sustainable investment destination on the economic map of Vietnam. To create more room for industrial development in this area, in the coming time, the province will strengthen information gathering, promptly resolve difficulties and problems, create favorable conditions for investors to speed up the progress of completing infrastructure of industrial parks, put projects into operation according to plan, especially industrial parks that have been approved by the Prime Minister for investment policy, industrial parks planned for high-tech development.

According to the socio-economic development orientation, the Eastern region of the province continues to play a leading role in industry and services, and is a pioneer in improving the investment environment, pursuing a green and sustainable growth model, contributing to creating a solid foundation for the long-term development of the Northern Midlands and Mountains.

Tran Tinh

Source: https://baophutho.vn/the-manh-nbsp-thu-hut-dau-tu-va-phat-trien-nbsp-cong-nghiep-239062.htm