Phu Tho province investment promotion delegation works with BYD Group on cooperation in electric vehicles and new energy
WVR - From April 17-18, within the framework of a working trip to China, the Phu Tho Province delegation, led by Mr. Tran Duy Dong, Alternate Member of the Party Central Committee and Chairman of the Provincial People's Committee, visited Shenzhen City, Guangdong Province to work at the headquarters of BYD Group. Accompanying the delegation was Nguyen Viet Dung, Consul General of Vietnam in Guangzhou.
Latest
 |
| Overview of the meeting. (Photo: Chu Van) |
Mr. Han Thu Lam, General Director of BYD Electronics Vietnam, along with senior management of the Group, received and worked with the delegation.
According to Mr. Han Thu Lam, BYD is currently one of the leading technology groups in China and the world, operating in four main production areas: automobiles, electric trains, electronic components, and renewable energy. By 2025, BYD is set to become the world's number one electric vehicle company in terms of pure electric vehicle (BEV) sales.
BYD's leadership also expressed interest in expanding investment in Vietnam, including the potential implementation of projects to produce electric cars, electric buses, electric trucks, and new energy batteries in Phu Tho Province, serving both domestic and export markets.
 |
| Chairman of Phu Tho Provincial People's Committee Tran Duy Dong speaking. (Photo: Chu Van) |
Speaking at the meeting, Chairman of Phu Tho Provincial People's Committee Tran Duy Dong emphasized that Phu Tho Province is a potential destination for international investors due to its strategic location, convenient transportation infrastructure, competitive costs, and increasingly improved investment environment.
Particularly, after the merger, Phu Tho Province ranks 15th in the country in terms of area and 11th in population. It borders the capital Hanoi and lies on strategic transportation routes within the Kunming-Lao Cai-Hanoi-Hai Phong-Quang Ninh economic corridor, with the province's development scale and quality of human resources continuously improving, laying the foundation for attracting large-scale, high-tech projects.
The Chairman of Phu Tho Provincial People's Committee stated that currently, the province has 742 FDI projects with a total registered capital of 13.96 billion USD. Of these, China has 180 projects with a total registered capital of 3.57 billion USD, accounting for 24% of the total number of FDI projects and 26% of total FDI capital in Phu Tho Province.
Notably, the BYD Vietnam Electronics Factory project has an investment capital of 411 million USD (Phu Ha Industrial Park). He also affirmed that in the future, Phu Tho Province is committed to continuing to accompany, promptly resolving difficulties, and creating the most favorable conditions for BYD's production and business activities in Phu Tho.
 |
| Investment Certificate Award Ceremony. (Photo: Chu Van) |
At the meeting, Chairman of Phu Tho Provincial People's Committee Tran Duy Dong awarded the Investment Certificate with adjustments to increase the capital of the BYD Vietnam Electronics Factory project. This is an administrative procedure resolved under the "green lane" mechanism within 24 hours – the Investment Certificate is issued within 24 hours from the time of application submission.
According to Mr. Tran Duy Dong, this is clear evidence of Phu Tho Province's determination in administrative reform, accompanying, supporting, and creating the most favorable conditions for investors and investment projects in Phu Tho Province.
He also affirmed the province's commitment to providing all favorable conditions regarding mechanisms, policies, land funds, and administrative procedures to accompany businesses in the long-term investment, production, and business process. He expressed the hope that after receiving the Investment Certificate, the leadership of BYD Vietnam Electronics Factory will adhere to the project's timelines and consider implementing a project to build an electric vehicle assembly plant in Phu Tho Province.
Some images from the event:
 |
 |
 |
(Source: Consulate General of Vietnam in Guangzhou)
