---
title: "China’s BYD increases investment in Vietnam’s northern province to $480M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283321498.md"
description: "BYD Electronics (Vietnam) has received approval to increase its investment in Phu Tho province, Vietnam, to $479.8 million. This investment follows a previous increase to $269 million in July 2022. The announcement was made during a delegation visit to BYD's factory in Guangzhou, China. The provincial chairman emphasized the strengthening economic ties between Vietnam and China, with bilateral trade reaching $252 billion in 2025. He encouraged BYD to consider establishing an electric vehicle factory in the province, while BYD executives expressed willingness to discuss the proposal with their management."
datetime: "2026-04-20T08:09:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283321498.md)
  - [en](https://longbridge.com/en/news/283321498.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283321498.md)
---

# China’s BYD increases investment in Vietnam’s northern province to $480M

BYD Electronics (Vietnam), under Chinese giant BYD, was granted a certificate to increase its investment in Vietnam’s northern province of Phu Tho to $479.8 million.

A Phu Tho delegation, led by Phu Tho People’s Committee Chairman Tran Duy Dong, granted the certificate to BYD last Friday, as part of the delegation’s visit to BYD factory in Guangzhou, China.

Prior to the latest change, BYD started investing in Phu Tho province from 2021 and the investment was hiked to $269 million in July 2022. Its main products are tablets and accessories, optical components, and others. Many of its products are for Apple.

At the event, Tran Duy Dong highlighted the growing economic and trade ties between Vietnam and China, noting that bilateral trade reached $252 billion in 2025. China is currently Vietnam’s third-largest foreign investor and leads in the number of newly-registered investment projects.

He also emphasized the growing trade link between Vietnam and China, along the Kunming–Lao Cai–Hanoi–Hai Phong–Quang Ninh economic corridor. Besides, the provincial leader noted BYD as a symbol of green transportation and a inspiration for Vietnam to learn from.

Dong urged BYD to carry out the investment in line with the certificate and urged BYD to consider deploying an electric vehicle factory in Phu Tho province. In reply, BYD Electronics (Vietnam) executives said they would consult with top management regarding the proposal.

> BYD reportedly raises this year’s export target to 1.5 million units

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