A certificate to raise its investment in the northern Vietnamese province of Phu Tho to $479.8 million was given to BYD Electronics (Vietnam), a division of the massive Chinese corporation BYD.
Last Friday, while visiting the BYD factory in Guangzhou, China, a Phu Tho delegation led by Tran Duy Dong, the chairman of the Phu Tho People’s Committee, awarded the certificate to BYD.
Before the most recent modification, BYD began investing in the province of Phu Tho in 2021, and in July 2022, the investment was increased to $269 million. Optical components, tablets, and accessories are among its primary offerings. It makes a lot of goods for Apple.
Tran Duy Dong emphasized the expanding trade and economic connections between China and Vietnam at the event, pointing out that bilateral trade reached $252 billion in 2025. China leads the number of recently registered investment projects and is currently Vietnam’s third-largest foreign investor.
Along the Kunming–Lao Cai–Hanoi–Hai Phong–Quang Ninh economic corridor, he also highlighted the expanding trade link between Vietnam and China. The provincial leader also mentioned BYD as an example of environmentally friendly transportation and a source of inspiration for Vietnam.
Dong urged BYD to consider establishing an electric vehicle factory in Phu Tho province and to make the investment in accordance with the certificate. Executives at BYD Electronics (Vietnam) responded by saying they would discuss the proposal with upper management.
