Phu Tho strives to become attractive investment destination
The northern midland province of Phu Tho, a powerhouse of heavy
industry, is set to continue improving its competitiveness and business
climate.
The northern midland province of Phu Tho, a powerhouse of heavy
industry, is set to continue improving its competitiveness and business
climate.
Speaking at a local seminar on July 20, Head of the Vietnam Chamber of Commerce and Industry (VCCI)’s Legal Department Dau Anh Tuan suggested developing industries in specific zones.
According to Tuan, garment, leather and footwear – which need a substantial workforce – is likely to thrive once Vietnam joins major trade agreements.
Sangho-Yoon, Director of the Hanoi-based investment advisory firm SMBL, optimistically stated that there would be a positive response from foreign-invested sectors thanks to improved administrative formalities, utility and transport infrastructure.
When the locality delivers on their commitment to streamlining bureaucracy, business confidence will increase, he said.
Phu Tho is home to seven industrial parks and 30 industrial clusters stretching 4,000 hectares and attracting 150 investors in and outside the country, generating 15 trillion VND (714 million USD) worth of annual industrial production value and more than 35,000 jobs.
The province has rallied resources to build synchronous infrastructure at industrial parks and clusters as well as offered tax and land lease incentives.-VNA
Speaking at a local seminar on July 20, Head of the Vietnam Chamber of Commerce and Industry (VCCI)’s Legal Department Dau Anh Tuan suggested developing industries in specific zones.
According to Tuan, garment, leather and footwear – which need a substantial workforce – is likely to thrive once Vietnam joins major trade agreements.
Sangho-Yoon, Director of the Hanoi-based investment advisory firm SMBL, optimistically stated that there would be a positive response from foreign-invested sectors thanks to improved administrative formalities, utility and transport infrastructure.
When the locality delivers on their commitment to streamlining bureaucracy, business confidence will increase, he said.
Phu Tho is home to seven industrial parks and 30 industrial clusters stretching 4,000 hectares and attracting 150 investors in and outside the country, generating 15 trillion VND (714 million USD) worth of annual industrial production value and more than 35,000 jobs.
The province has rallied resources to build synchronous infrastructure at industrial parks and clusters as well as offered tax and land lease incentives.-VNA
You should also see
Prime Minister receives Apple CEO
Prime Minister Pham Minh Chinh received visiting CEO of Apple Tim Cook in Hanoi on April 16, who he once met in the US in September 2022.
See more
Business
Vietnam has opportunities to attract, develop the offshoring market
Vietnam is an attractive choice for businesses who are looking for outsource solutions, given its affordable workforce, highly skilled human resources and the constantly developing infrastructure of information technology and the telecommunications industry, said real estate consultancy firm Knight Frank in its report Asia-Pacific Horizon: Harnessing the Potential of Offshoring.
Business
Long An hosts meeting to help RoK businesses solve difficulties
The People’s Committee of the southern province of Long An on April 16 held a dialogue with enterprises from the Republic of Korea (RoK) to help them deal with difficulties and obstacles when doing business in the locality.
Society
Int’l media highlights Tim Cook’s visit to Vietnam
CEO of US-based tech giant Apple, Tim Cook, is paying a two-day visit to Vietnam, starting on April 15. The event has become a highlight of the international media.
Business
US dollar continues gaining against Vietnamese dong, hitting exchange ceiling
The US dollar has continued to strengthen against the Vietnamese dong (VND) as the exchange rate hit the ceiling limit across commercial banks on April 16 morning.
Business
Tra Vinh exports organic coconut flower nectar to Australia
The Tra Vinh Farm Co., Ltd (Sokfarm) in the Mekong Delta province of Tra Vinh has successfully exported its first shipment of organic coconut flower nectar products to Australia - the fifth main importer of the locality’s product.
