Chairman of the Phu Tho Provincial People’s Committee Tran Duy Dong (R) meets with Meiko Group Vice Chairman Sakate Atasuki

At a recent working session with Meiko Group, Phu Tho Provincial People’s Committee Chairman Tran Duy Dong assessed positively the implementation efficiency of the group’s projects in the locality. These are high-tech projects in line with the province’s industrial development direction in the coming period.

The group operates five printed circuit board and electronic component plants in Vietnam. In Phu Tho, its US$350 million project at Bo Trai Song Da Industrial Park is being developed in two phases, with Phase 1 entering operation in the second quarter of 2025 after completing core facilities and equipment installation.

To support stable operations and future expansion, Meiko has proposed upgrading the 110kV Hoa Binh substation from 40MVA to 63MVA, a key step to meet rising electricity demand.

In response to this proposal, Provincial People’s Committee Chairman Tran Duy Dong affirmed that relevant agencies will be instructed to ensure stable power supply for Meiko, while assigning the provincial Industrial Zones Authority to guide adjustments to the substation planning, to be completed before April 30. At the same time, the industrial park infrastructure investor is required to proactively implement substation construction in line with actual demand.

Beyond addressing challenges for existing projects, Phu Tho is also actively supporting Meiko’s new investment plan in the Yen Quang Industrial Park. Under the plan, the group intends to develop a high-tech electronics manufacturing project and aims to begin construction in June 2026.

To ensure this timeline, Provincial People’s Committee Chairman requested that Meiko complete the investment policy approval dossier as soon as possible. Relevant agencies are required to closely coordinate in guiding procedures related to construction investment, fire prevention and fighting, land clearance, and other legal requirements. The Yen Quang Industrial Park Authority was assigned to work with the investor on a plan for a new substation, to be agreed upon before April 30 to ensure technical infrastructure for the project.

Of particular importance, provincial leaders underlined the application of a “green lane” mechanism for Meiko’s project, a solution designed to shorten administrative processing time, strengthen inter-agency coordination, and provide maximum support for investors during implementation.

In an increasingly competitive FDI attraction environment, this move reflects a clear shift in local governance thinking from management to partnership and service orientation. Prioritizing high-tech projects, especially in electronics and semiconductors, not only helps improve growth quality but also supports Phu Tho in integrating more deeply into global value chains.