Attracting Investment into Industrial Zones

Industrial zones (IZs) have made positive contributions to the growth and development of Phu Tho Province by strongly attracting investment capital, adding significant funds to the total social investment capital, and increasing export turnover. This has contributed to expanding international markets, altering the structure of export goods, significantly increasing budget revenue, and creating jobs for workers.

Currently, the province has four operational IZs: Thuy Van IZ (Viet Tri City) with an area of 335 hectares and a 98% occupancy rate; Trung Ha IZ (Tam Nong District) with an area of 300 hectares and a 63% occupancy rate; Phu Ha IZ (Phu Tho Town) with an area of 450 hectares and a 48% occupancy rate; and Cam Khe IZ with an area of 450 hectares and a 37% occupancy rate. A total of over 165 enterprises have invested in these IZs, providing employment for more than 60,000 workers.

Thanks to the province’s many positive and effective measures in supporting businesses, enterprises in the IZs have been able to recover their production and business activities. In the first six months of this year, the estimated revenue of these enterprises reached over 40 trillion VND, a 40% increase compared to the same period last year, and export value is estimated at nearly 6 billion USD.

Technical infrastructure within and outside the IZs has been gradually invested in and synchronized, along with the development of various auxiliary services such as banking, logistics, and communications, which strongly support the production and business activities of enterprises.

Additionally, the province actively improves the business investment environment, creating the most favorable conditions for organizations, enterprises, and investors. New projects are granted investment certificates that align with the nature and industries of the IZs as per approved planning, utilizing modern machinery and technology, minimizing environmental pollution risks, and ensuring economic and social efficiency.

In the first six months of 2024, five projects were newly approved in the IZs, including four foreign-invested projects with a total investment of 42 million USD, and 18 foreign-invested projects had their certificates adjusted, with an additional registered capital of over 4.7 million USD.

The IZs have had a positive impact on other areas of the economy, promoting economic restructuring and accelerating industrialization and modernization. To address limitations and enhance investment efficiency in the IZs, the province’s functional sectors will strengthen state management of investment, focusing on the appraisal and evaluation of investors' financial capacity, technical capacity, experience, and investment project efficiency.

Effective investment promotion and attraction of large corporations and enterprises will be prioritized, with a focus on strategic projects that create ripple effects, lead the development of industries and sectors, and produce high-quality products with high economic value, modern technology, market suitability, and environmental friendliness.

Nguyen Hue