Phu Tho Seeks Cooperation in Hi-Tech Industry

Chairman of the Phu Tho Provincial People’s Committee Tran Duy Dong recently met with a delegation from Imarket Vietnam Co., Ltd., led by CEO Kim Hak Jae.

Chairman of the Provincial People’s Committee Tran Duy Dong (R) and CEO Kim Hak Jae of Imarket Vietnam Co., Ltd

The meeting included representatives from several provincial departments, agencies, and related units to discuss directions for investment cooperation, particularly in developing industrial park infrastructure and attracting high-tech manufacturing projects in the province.

Toward a modern industrial park model

At the meeting, representatives of Imarket Vietnam Co., Ltd. introduced plans to study and propose several investment projects in Phu Tho. The company expressed interest in developing industrial parks under a modern model aimed at attracting industries producing components, materials, and high-tech products. Developing specialized industrial parks linked to supporting industry supply chains will provide a foundation for attracting investors in high-tech manufacturing, in line with Vietnam’s industrial development orientation as well as the province’s industrial development strategy in the coming period.

The two sides also discussed the possibility of signing a Memorandum of Understanding (MOU) to promote trade and investment activities and support the development of industrial park infrastructure. The cooperation is expected to focus on building mechanisms to support businesses in industrial parks and creating a transparent, favorable, and efficient investment environment for domestic and foreign investors.

Creating an attractive investment environment

Speaking at the meeting, Provincial People’s Committee Chairman Tran Duy Dong expressed appreciation for the interest of Imarket Vietnam Co., Ltd. in the province’s investment environment. He said the province consistently prioritizes attracting investment projects with high technological content, environmental friendliness, and strong value-added contributions to the local economy.

Phu Tho’s investment attraction orientation in the coming period will prioritize processing and manufacturing industries, supporting industries, and high-tech production sectors. Projects that meet criteria related to technology, economic efficiency, and environmental protection will receive favorable conditions for implementation.

He also asked departments, agencies, and related units to maintain close coordination and support businesses during research, surveys, and the completion of investment procedures in accordance with regulations.

Regarding the proposal to sign an MOU between the province and the company, Chairman Tran Duy Dong agreed in principle and requested relevant professional agencies to prepare the content and complete the necessary conditions for submission to competent authorities for review before signing in accordance with regulations.

Greater cooperation with international enterprises are expected to create opportunities to attract additional high-tech manufacturing projects, contributing to improved industrial growth quality, promoting economic restructuring, and creating new development momentum for the province in the coming period.

By Huong Hau, Vietnam Business Forum