Brazilian Business Delegation Explores Investment Opportunities in Phu Tho

On the afternoon of August 7, Mr. Bui Hong Do, Director of the Phu Tho Provincial Investment Promotion and Business Support Center, received and worked with a delegation of Brazilian businesses led by Mr. Nata Oliveira, Vice President of the Brazilian Chamber of Commerce in Vietnam, to explore the investment environment in the electronics and semiconductor industries in the province. Representatives from several provincial departments and sectors also attended the working session.

Mr. Bui Hong Do, Director of the Provincial Investment Promotion and Business Support Center, chairs the working session with the Brazilian business delegation.

At the meeting, Mr. Nata Oliveira stated that Brazil is the largest economy in Latin America, possessing strong competitive advantages in manufacturing, high-tech agriculture, energy, innovation, and research and development (R&D).

Expressing high appreciation for Phu Tho’s development potential, Mr. Nata Oliveira expressed his hope that the province would create favorable conditions for Brazilian enterprises to conduct research, surveys, and implement investment projects in electronics and semiconductors. He also affirmed that Brazilian businesses are ready to cooperate with and support the province in training high-quality human resources for the electronics and semiconductor sectors.

Overview of the working session.

Welcoming the delegation to explore the investment environment in Phu Tho, Mr. Bui Hong Do provided a brief overview of the province’s potential and advantages, particularly its outstanding achievements in industrial development and investment attraction.

He emphasized that investment attraction is a crucial driving force behind the province’s economic growth. Over recent years, Phu Tho has continuously improved its investment climate, accelerated administrative procedure reforms, and built a government that accompanies businesses. In this new phase of development, the province prioritizes attracting high-tech projects, including semiconductors, electronics, integrated circuits, artificial intelligence (AI), supporting industries, precision engineering, electric vehicles, medical equipment, biotechnology, clean energy, and the development of eco-industrial parks.

Upholding the motto “The success of enterprises is the success of the province,” Phu Tho commits to creating all favorable conditions for investors through various incentive mechanisms and policies. The Provincial Investment Promotion and Business Support Center will continue to serve as a bridge between the local government and the business community, supporting investors from initial opportunity exploration and site surveys to investment procedures, implementation, and operational expansion.

Representatives from the Provincial Investment Promotion and Business Support Center and leaders of provincial departments present souvenirs to the Brazilian business delegation.

A representative of the Brazilian business delegation presents a souvenir to the Provincial Investment Promotion and Business Support Center.

Following the working session, the Brazilian business delegation conducted an on-site survey at Nam Binh Xuyen Industrial Park — an industrial park planned according to modern, green, and smart orientation, aiming to build a high-tech industrial ecosystem for the province.

Thuy Huong