Phu Ninh boosts Investment Attraction

As a district located in the economic driving force region of the province, Phu Ninh has focused on various solutions in recent years, flexibly applying central and provincial policies to gradually complete its infrastructure system and significantly improve the business and investment environment, aiming to attract businesses to invest in the area.

To attract investment, Phu Ninh has always identified infrastructure development as a crucial breakthrough. The district has been leveraging its advantages, mobilizing resources for investment construction, prioritizing key projects and works. In mobilizing resources for infrastructure development, the district has maximized the exploitation of funds from the central and provincial budgets through target investment programs, effectively utilizing internal resources and raising funds from social contributions and businesses. From 2021 to the present, the total investment capital in the district is estimated at 14,022 billion VND, including 2,939.2 billion VND from the state budget; 2,699.3 billion VND from foreign direct investment; and 8,383.6 billion VND from non-state investments.

With the mobilized funds, the district has been implementing synchronized infrastructure development in all fields such as transportation, irrigation, electricity, healthcare, education, commerce, and services. It is evident that in recent years, Phu Ninh’s infrastructure system and overall appearance have undergone noticeable and significant changes and developments. Many large-scale projects invested by the central government, the province, and the district have been implemented, including: the Tuyen Quang - Phu Tho Expressway, Au Co Road, Provincial Road 323D, the road connecting Provincial Road 323 to National Road 2, the connecting road from Provincial Road 325B (North Lam Thao Industrial Cluster) to National Road 2 - Provincial Road 323H - District Road P2 (Phu Gia Industrial Cluster), and the road connecting National Road 2 to the Phong Chau bypass. These important strategic road systems have created connectivity between regions.

In addition to focusing on transportation infrastructure development, the district has also concentrated on building infrastructure for industrial parks and clusters to enhance the overall system’s operation and exploitation capacity. The planning and allocation of land for industrial development have been implemented comprehensively, creating favorable conditions to attract businesses into industrial zones and promoting the development of industry and handicrafts in the area. As of now, the Dong Lang Industrial Cluster is 100% occupied; the Tu Da - An Dao Industrial Cluster has reached 91.5% occupancy; and the Phu Gia Industrial Cluster has reached 28.3% occupancy, providing regular employment for nearly 9,000 workers in the district.

The district has completed the Phu Ninh district planning until 2035 with a vision to 2050; the overall adjustment of the general planning for Phong Chau Town and surrounding areas, Phu Ninh district, until 2035, at a scale of 1/5000; the general planning for building villages in the 2021-2030 period; the land use planning for the 2021-2030 period; cadastral surveys, establishing land records, and issuing land use rights certificates. In parallel, the district has planned urban housing areas, rural population centers, and coordinated with the Provincial Industrial Zone Management Board to prepare a 1/2000 subdivision plan for the Phu Ninh Industrial Park.

Since 2021, Phu Ninh has attracted 56 private investment projects with a total investment capital of nearly 3,331 billion VND, including 16 projects with an increased total investment of 1,124 billion VND and 40 newly registered projects with a total registered investment of nearly 2,207 billion VND.

With efforts from various levels and sectors to enhance competitiveness, improve the business investment environment, and streamline administrative procedures, Phu Ninh has created a favorable environment to attract investment projects, contributing to local economic development, increasing budget revenue, and creating jobs and income for local people.

Phuong Thao