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Attracting FDI in Phu Tho:
Innovating ways - Creating breakthrough momentum
BY KHANH TRANG
land fund and abundant human resources, but also
Phu Tho is a province with a very early development
of industry with fertilizer production industries such as
fertilizers, chemicals, textiles... Therefore, since the 90s
of the twentieth century, the province has had many
PHU THO HAS IMPLEMENTED MANY FDI enterprises from Korea, Japan, and India investing
SOLUTIONS TO PROMOTE ATTRACTING in the fields of textiles, plastics, and processing tea
FOREIGN DIRECT INVESTMENT for export. The first milestone was at the end of 1992,
(FDI) INTO THE PROVINCE IN BOTH Pangrim Neotex Co., Ltd. invested in Phu Tho with
BREADTH AND DEPTH STEP BY STEP a textile and dyeing factory project with 100% Korean
AFFIRMING ITS POSITION ON THE capital.
INVESTMENT ATTRACTION MAP. Continuing to promote attracting FDI investors
THE PROVINCE’S CLEAR PROGRESS IS into the locality, grasping the trend of shifting
REFLECTED IN MANY LARGE PROJECTS foreign investment flows, the province has promoted
AND THE BEGINNING OF A SHIFT investment in inter-regional transportation systems
TOWARDS PRIORITIZING TECHNOLOGY connecting with other localities throughout the country,
DEVELOPMENT - THE PROVINCE’S forming industrial zones and clusters and training high-
quality human resources. Since 2010, the province’s FDI
EXISTING ADVANTAGES. attraction has become increasingly strong. Notably,
in recent years, investment promotion, introduction,
and promotion of Phu Tho’s image to foreign investors
have been carried out methodically and focused by the
province and brought about remarkable results, the FDI
investment situation in Phu Tho province has made
spectacular breakthroughs.
Up to now, Phu Tho has attracted 204 FDI projects
with registered capital of 3,164.7 million USD for the
entire province. In particular, investors mainly come
from Korea, China, Japan and other countries such
as Singapore, USA, UK, India... Large FDI projects
mainly focus on typical industries of Phu Tho such
as processing, manufacturing, assembling electronic
components, renewable energy, high-end fashion
ecently, Phu Tho province has taken textiles. In which, there are typical projects such as the
good advantage of the locality’s unique electronics manufacturing project of BYD Company
Radvantages, enhancing the improvement (China) with an investment capital of 269 million USD;
of the business investment environment to attract Solar cell panel production project of VSUN Company
FDI capital flows. Not only is it a land rich in (Japan) 200 million USD; INOUE tire production project
potential, with favorable geographical conditions, (Japan) worth 90 million USD; Yida High-end Fashion
56 THÔNG TIN ĐỐI NGOẠI PHÚ THỌ Số 15-2024
