A Destination for Japanese Investors

With a favorable geographical location, modern transport infrastructure, an abundant human resource, and an open, transparent investment environment, Phu Tho has affirmed its role as an “industrial bridge” between the Northern Midlands and the Hanoi - Hai Phong - Quang Ninh economic growth triangle. These advantages are becoming key factors in attracting an increasing number of FDI enterprises, especially Japanese firms, to invest in the province.

After the merger, Phu Tho has become a regional linkage center in the Northwest of the Capital, close to Noi Bai International Airport, facilitating both domestic and international trade connections. The diverse transport infrastructure system, including the Noi Bai - Lao Cai and Hanoi - Thai Nguyen expressways, National Highways 2, 2B, and 32C, and the Hanoi - Lao Cai railway, allows enterprises to easily participate in production, logistics, and product consumption chains.

Modern Industrial Parks (IPs) such as Thuy Van, Phu Ha, Trung Ha, Tam Nong, Thang Long Vinh Phuc, Ba Thien, and Binh Xuyen... are synchronously planned with “clean” land funds and complete technical infrastructure, meeting the stringent standards of Japanese investors. Additionally, a young, skilled workforce and competitive costs are major advantages making Phu Tho attractive to corporations in supporting industries, precision engineering, electrical-electronics, and green manufacturing.

Toyota Motor Vietnam - a leading enterprise in applying automation technology to assembly lines and automobile production, helping to improve production efficiency, minimize costs, and ensure product quality.

According to a report from the Department of Finance, as of October 9, 2025, the province has attracted 727 FDI projects with a total registered capital of over 13 billion USD. Among these, Japan ranks second in the number of projects but leads in terms of scale and investment efficiency, reflecting the confidence of businesses from the “Land of the Rising Sun” in the province’s business environment.

Currently, the province hosts 79 Japanese investment projects with a total registered capital of approximately 2.1 billion USD, focusing on supporting industries, component manufacturing, electronic equipment, and automobiles-motorcycles. Major brands such as Toyota, Honda, Sumitomo, Hitachi Astemo, and TOTO... have contributed to forming a regional-scale industrial supply chain in Phu Tho, creating a powerful spillover effect in attracting foreign investment.

PPC Chairman Tran Duy Dong affirmed: "Phu Tho always considers enterprises and investors the center of development. The province commits to providing maximum support, ensuring open policies, streamlined administrative procedures, and synchronized infrastructure so that businesses can feel secure in their long-term production and business investments."

As a pioneering Japanese investor in Vietnam for over 30 years, Toyota Motor Vietnam has been closely attached to the land of Phu Tho, contributing significantly to the development of the Vietnamese automobile industry with over 700,000 vehicles produced and 1 million vehicles delivered to customers. Its component export revenue has reached nearly 1 billion USD; it has contributed 14.4 billion USD to the State budget and 32 million USD to social activities across four fields: traffic safety, environmental protection, culture-society, and education-training.

Mr. Nakano Keita, General Director of Toyota Vietnam, shared: Toyota Vietnam will modernize its headquarters, upgrade its manufacturing plant, and launch the first Hybrid model production line in Vietnam, with a total investment of over 360 million USD, thereby contributing to making Phu Tho a leading electric vehicle production hub in the North.

Besides Toyota, Sumitomo Group—one of Japan’s industrial giants—is also expanding its investment in Phu Tho with the Thang Long Vinh Phuc Industrial Park. Since its groundbreaking in 2017, the IP has reached a 96% occupancy rate with 60 enterprises from Japan, South Korea, Thailand, Taiwan, Hong Kong, and Vietnam, providing stable jobs for 14,000 workers.

At the 10th anniversary of Thang Long Vinh Phuc IP, Mr. Kenta Kawanabe, General Director of Thang Long Vinh Phuc IP Co., Ltd., expressed gratitude to the PPC and partners. He emphasized that the IP, developed by Sumitomo Group with Japanese-standard infrastructure and many value-added projects, is a vivid testament to the Vietnam - Japan Comprehensive Strategic Partnership.

With the motto “Accompanying - Development - Prosperity,” Phu Tho is building a transparent, friendly, and effective investment ecosystem. The presence of major corporations like Toyota, Sumitomo, Honda, and TOTO... not only demonstrates the confidence of international investors but also opens up prospects for Phu Tho to become a new supporting industry and green manufacturing hub of Vietnam, contributing positively to sustainable development goals in the era of deep integration.

Tran Tinh