Groundbreaking ceremony for a nearly 2,000 billion VND industrial park in Phu Tho

On the morning of April 9, with the approval of Phu Tho Provincial People's Committee, Vinh Phuc International Industrial and Service Zone Joint Stock Company (VISIZ) and SHINEC Joint Stock Company solemnly organized the groundbreaking ceremony of the project to invest in construction and business of infrastructure of Phuc Yen Industrial Park.

With a land area allocated of about 111.33 ha and a total investment of more than 1,988 billion VND, Phuc Yen Industrial Park (Phuc Yen Industrial Park) is expected to become a "magnet" attracting many high-quality investment sources, especially from businesses in the fields of: High technology and electronics, precision mechanics, supporting industries and logistics.

Speaking at the groundbreaking ceremony, Mr. Tran Duy Dong, Alternate Member of the Party Central Committee, Deputy Secretary of the Provincial Party Committee, Chairman of Phu Tho Provincial People's Committee emphasized: "The project is identified by Phu Tho province as a key investment project, of great significance in industrial development, contributing to the breakthrough in building synchronous and modern socio-economic infrastructure with a focus on developing industrial park infrastructure according to the Resolution of the 19th Provincial Party Congress, term 2020 - 2025 of Phu Tho province and the Resolution of the 13th National Party Congress".

Notably, the project has a particularly favorable location with 4 "encircling" spearheads when it is about 10 minutes away from Noi Bai International Airport, belonging to the Phu Tho - Viet Tri - Vinh Yen - Phuc Yen urban area, located along the Noi Bai - Lao Cai - Hai Phong dynamic economic corridor and adjacent to strategic traffic routes such as: Noi Bai - Lao Cai expressway, National Highway 2, Hanoi - Lao Cai railway, Lao Cai - Hanoi - Hai Phong high-speed railway.

This is also one of the four key socio-economic regions of the province, oriented to develop into a regional and national-level integrated industrial - service urban area, playing a core role in leading growth for Phu Tho province.

In order to ensure quality, progress and maximize investment efficiency, the Chairman of Phu Tho Provincial People's Committee proposed:

First, it is requested that the investor, construction contractors and consulting units continue to promote the highest sense of responsibility, focus on mobilizing human resources, machinery, and equipment to deploy project construction; organize scientific construction, strictly comply with the provisions of law on construction investment to ensure quality, and strive to complete ahead of schedule.

Second, relevant departments, boards, and branches of Phu Tho province and Phuc Yen ward authorities continue to closely coordinate and create favorable conditions for investors, promptly remove difficulties and obstacles, and accompany businesses in building and completing industrial park infrastructure as well as in attracting secondary investment projects into industrial parks.

Third, industrial park investors need to prioritize attracting investment in electricity and electronics production projects, processing and manufacturing industries, high technology, and automobile and motorcycle assembly production; comply with planning and synchronously complete infrastructure, ensuring synchronicity, continuity, modernity, green space, and environmental protection.

To aim for high-tech, chip, semiconductor and green, clean, and circular industry manufacturing plants, Mr. Nguyen Hai Tung - General Director of Vinh Phuc International Industrial and Service Zone Joint Stock Company affirmed: "Phuc Yen IP is not only building a conventional production site, but is also creating a high-tech industrial ecosystem, associated with the orientation of digital transformation, green transformation and circular economy".

According to Mr. Tung, the project is positioned as an attractive destination for high-quality FDI capital flows; creating tens of thousands of new jobs, contributing to economic restructuring and promoting sustainable urbanization in Phuc Yen ward and surrounding areas.