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Phu Tho town: The hallmark of investment attraction

Tuesday, 2020-07-07 00:13:02
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PTO - In term of 2015 to 2020, Phu Tho town has made a clear impression both in the quantity and quality of investment projects, contributing to promoting the comprehensive and solid local socio-economic development, improving people's lives.

The town has focused on mobilizing resources to invest in infrastructure construction with the priority of Phu Ha industrial park and Thanh Minh industrial cluster, transport and urban infrastructure. A total social investment capital in the period of 2015 to 2020 was VND 8,800 billion, an increase of 1.7 times compared to the period of 2010 to 2015.

The external transport routes have been completed and effectively put into operation, creating advantages to promote socio-economic development of the town. The expenditure for transport infrastructure development was estimated at VND740 billion. The infrastructure development of Phu Ha industrial park and Thanh Minh industrial cluster over a total planned area of 374 ha was estimated at VND3,000 billion; the residential areas and urban areas of VND 1,670 billion. Many projects with large total investment capital from socialized sources have shown its effectiveness.

By the end of 2019, Phu Ha industrial park has attracted 18 FDI enterprises in many fields of manufacturing car components, electronic components, wood processing ... with a total registered capital of over USD 154 million; Thanh Minh industrial cluster attracted 2 investment enterprises, including 1 FDI enterprise with a total registered capital of over USD1.3 million. Many large-scale investment projects with modern technologies, economic efficiency and high added value, such as: Moda Innochips Vina Co,. Ltd. with USD30 million; JH Vina Co., Ltd with USD25 million; HangYang Vina Co., Ltd with USD14 million; Davo Limited Co., Ltd with USD12 million; NT Vina Co., Ltd, Asentec Co., Ltd, DST Vina Co., Ltd, Actro Vina Co., Ltd with USD10 million; ...


In addition, attracting enterprises to invest in technological innovation, production expansion, diversification and improvement of the town's strength traditional products was paid a special attention. In the past 5 years, the added value was estimated at VND4,639.9 billion, an average increase of 19.8%/ year.

Regarding the attraction of trade and services, many commercial centers, wholesale and retail systems, restaurants in the area have been invested. In 2019, Vincom shopping mall was completed and put into operation, creating a highlight of commercial services. The market system was towards socialization and initially promotedv its effectiveness. The added value of service industry for 5 years was estimated at VND4,375.9 billion, an average increase of 7.3%/ year.

Vice Chairman of Phu Tho town's people committee Hoang Anh Vu said: The town prioritizes and selects enterprises with financial capacity, high-value products, clean technologies, etc. to invest in industrial parks, industrial clusters and planned craft villages. Focusing on and improving the types of services such as banking, insurance, communications, consumer services, etc. Thereby, gradually developing the town into a commercial and service center, meeting the development requirements of enterprises and investors.

Tu Anh