Rapidly increase the production value of processing and manufacturing industries

Promoting the advantages of geographical location, human resources and preferential mechanisms and policies, in recent years, Phu Tho province has attracted many domestic and foreign businesses to invest in the field of processing industry. processing, manufacturing, and practicality, contributing to promoting local socio-economic development. This is the foundation and motivation for the province to continue to focus resources on investing in technical infrastructure, social infrastructure and logistics centers... gradually increasing the value of industrial production in a sustainable direction. ...

Checking mobile phone products at JNTC Company (Thuy Van Industrial Park, Viet Tri City).

Take advantage of your advantage

Western gateway of Hanoi Capital, hub of transit and economic exchange between the Northern Delta provinces and Northern mountainous provinces, near Noi Bai International Airport..., Phu Tho converges Favorable conditions for economic development and trade with domestic and international regions. Besides, Phu Tho is also one of the first industrial centers in the North and the whole country...

With a solid foundation and experience in developing traditional industries along with developed infrastructure, Phu Tho has all the basic elements to develop industry in general and the processing and manufacturing industry. in particular. Taking advantage of those advantages, in recent years, the province has synchronously implemented solutions to improve the business investment environment, creating favorable conditions to attract investment from all economic sectors.

Along with that, the province has strengthened investment promotion, enhanced the development of high-quality human resources, and promoted the application of scientific and technical advances associated with digital transformation to create momentum for industrial development. processing and manufacturing, attracting a large number of businesses to invest in the area, creating strong growth momentum for the province’s industrial production.

Construction site of BYD Vietnam electronics factory in Phu Tho phase 2.

Investing over 269.1 million USD to build a 26-hectare BYD Vietnam electronics factory in Phu Ha Industrial Park, Phu Tho town, BYD Electronics (Vietnam) Co., Ltd. is one of the enterprises well-known corporation in China, highly competitive in the field of new technology.

Currently, the Company has officially put into production the Phase I factory with more than 7,000 employees. The main activity is manufacturing and assembling tablets and computer peripherals. By 2024, the Company will produce products such as tablet components, FLYCAM, batteries, 4G/5G modules, telecommunication chips. common...

Completing the investment goal of phase 1, BYD Group decided to increase investment capital in the BYD Vietnam project by 183.7 million USD to invest in the production of electronic components including: Production of electronic components with ceramic, glass, metal components, graphics boards (investment capital of 178.2 million USD) and production of batteries for tablets and phones (investment capital of 5.5 million USD).

Mr. Han Shulin - General Director of BYD Electronics Co., Ltd. (Vietnam) said: "Strong support from the government with a transparent investment policy is the first important factor for us to choose." invest in Vietnam, specifically in Phu Tho province. Along with preferential policies, another important factor is security and a stable political situation, which can ensure consistency in economic development policies. Besides, a fairly complete legal environment is also one of the important factors that attract investment. In addition, the workforce is young, abundant, hard-working, and the rate of trained workers is high. Increasingly synchronized infrastructure and technology are also attractive advantages for me to stop investing to develop my business...".

Production line of BYD Vietnam Electronics Company Limited.

Effective solution

Although currently the processing and manufacturing industry in the province has achieved quite high growth, it mainly comes from investment projects of FDI enterprises; Research and product development work largely depends on foreign firms. The province’s enterprises still mainly focus on production in low value-added, labor-intensive industries. Besides, the industrial human resource is large but not strong, and the quality and professionalism are not high; High-quality human resources do not meet development requirements; High-level technical workers with good skills in manufacturing industries are still limited.

For some of the province’s former key processing and manufacturing industries such as paper, fertilizer... production technology is now outdated, leading to negative impacts on the environment, low productivity and lack of productivity. Compete with domestic and foreign products in terms of price, quality and design. Over 70% of enterprises in the field of industrial production and processing of agricultural products, food and beverages have average technology level, only about 10% have advanced technology level, the rest are simple technology. simple and semi-mechanical.

Some industries such as the production of industrial materials in the garment industry are not proactive in raw materials, mainly depending on imports from outside... Small-scale mechanical manufacturing, low competitiveness, not yet mastered Complete core technology in the field of mechanical engineering.

In addition, in the area there are no large mechanical enterprises capable of playing a leading role in the industry and market for main products: automobiles, synchronous equipment, high-tech industries... Let the industry Processing and manufacturing are key industries in the province’s industrial production. Phu Tho is researching many specific, practical solutions suitable to actual conditions.

Comrade Nguyen Viet Dung - Director of the Department of Industry and Trade said: "Determining the importance of developing the processing and manufacturing industry for the development of the province, the Provincial People’s Committee recently approved the Development Project. processing and manufacturing industry in Phu Tho province until 2030. Accordingly, by 2030 the province will focus on prioritizing the development of valuable and high-productivity industries, in the direction of harmoniously combining both breadth and depth. and depth. The focus is on chemical products, electronic and telecommunications equipment, pharmaceuticals and medical equipment and other industries such as garments, textiles, footwear, animal feed and food processing; Pay attention to the development of supporting industries".

The province will synchronously implement solutions to improve the business investment environment, improve investment environment measurement indicators such as PCI, PAPI, and create favorable conditions to attract economic sectors to invest. province in general and investing in developing socio-economic infrastructure systems in particular. Focus on drastic, substantive and effective reform of administrative procedures, improving the investment and business environment, simplifying administrative procedures, promptly eliminating and removing barriers, difficulties and obstacles. regarding construction investment procedures in the province, ensuring openness and ease of implementation, attracting investors. Strengthen trade promotion and brand development for processing and manufacturing industrial products.

At the same time, the province will increase the mobilization of domestic and foreign investment resources, capital sources from programs and projects. In particular, increasing the mobilization of domestic capital sources through forms of attracting direct investment, cooperation, association, and joint venture of corporations, large companies, industries and major cities in the country. nationwide, focusing on projects with large production scale, high technology, and advanced production lines. The province will also proactively support and remove difficulties and obstacles to help businesses and investors, especially new businesses entering the market, in terms of administrative procedures and land access.

In addition, the province will focus on training quality, highly skilled workers in accordance with practical requirements. Strengthen cooperation between Phu Tho province and provinces in the Northern Midlands and Mountains, the Capital region, develop coordination regulations and cooperation programs on developing processing and manufacturing industries for use. potential effectiveness and strengths of each locality in the region.

With the proposed solutions, Phu Tho strives for the period 2021-2025, the average growth rate of the processing and manufacturing industry will reach 12.4%/year; The period 2026-2030 reaches 18.1%/year. Bring the proportion of value of high-tech industrial products in processing and manufacturing industries to 45% by 2030...

Thuy Hang