Illustrative image (Source: VNA) 
 
Phu Tho (VNA) – The northern midland province of Phu Tho has focused on developing infrastructure at industrial zones and clusters so as to attract more investments.

The locality is currently home to seven industrial zones and nearly 30 clusters with a total area of nearly 4,000ha, including Thuy Van industrial zone (323ha), Trung Ha and Tam Nong industrial zone (550ha), and Phu Ha industrial zone (450ha).

Infrastructure of four industrial zones has been to date constructed, attracting 150 domestic and foreign investors. Nearly 100 FDI enterprises post a total industrial production value of 15 trillion VND (640.9 million USD) a year, and contribute 600-1,000 billion VND a year to the State budget.

The formation and development of industrial zones and clusters has contributed importantly to the province’s economic structure shifting, speeding up industrial development, generating more jobs, increasing GDP growth rate, export turnover and budget collection, and fostering socio-economic development of the province.

Last year, total revenue of enterprises at industrial zones and clusters surpassed 22 trillion VND (940 million USD), and their export value hitting nearly 800 million USD. They also contributed more than 1.2 trillion VND (51.2 million USD) to the State budget.

In the year, the province has attracted 29 domestic and foreign projects worth 4 trillion VND (170.8 million USD) and 69 million USD, which create jobs for over 33,000 labourers with an average income of 6 million VND per person per month.

In the first seven months of this year, 14 projects were put into operation. They are expected to add 1.13 trillion VND (48.2 million USD) to the total revenue of enterprises at industrial zones and clusters, contribute nearly 5 billion VND (213,500 USD) to the State budget, and offer jobs to 3,700 labourers.-VNA