Enhancing Investment Promotion Efficiency and Partnering with Businesses

Following the administrative merger, Phu Tho has sustained positive growth momentum, with its 2025 GRDP scale ranking 6th out of 34 provinces and cities (in the new regional structure). Leveraging its strategic geographical location, synchronized infrastructure in industrial parks and clusters, and an abundant labor force, the province is becoming an attractive destination for investors. This creates a solid foundation for attracting large-scale, high-tech, and high-value-added projects.

Recently, the province’s investment promotion efforts have been innovated in both content and methodology, moving toward a proactive and flexible approach to expand markets and diversify partners. Concurrently, the province emphasizes “on-site investment promotion,” providing enhanced support to investors throughout the research, preparation, and implementation phases to ensure projects commence operations effectively and promptly.

Hwa Sung Vina Co., Ltd. is a South Korean-invested enterprise operating effectively in the Cam Khe Industrial Park, specializing in the production and processing of electronic cables.

Furthermore, business support activities are conducted regularly to promptly identify and resolve difficulties arising during production and business operations. Numerous mechanisms and policies—particularly regarding investment, land, housing, site clearance, and resettlement—have been institutionalized and issued. Administrative reform has been implemented drastically and synchronously, focusing on reviewing processes, shortening procedure times, promoting decentralization, and prioritizing the development of e-government.

Information, communication, and promotion of the provincial investment environment have also been intensified through diverse forms and practical content, enhancing Phu Tho’s image, prestige, and attractiveness to domestic and international investors.

Thanks to these resolute efforts in leadership and execution, the mobilization of investment resources in 2025 achieved positive results, attracting many large-scale projects that serve as a significant driving force for socio-economic development.

In 2025, the province attracted 1.51 billion USD in FDI, a 64% increase compared to 2024. This included 0.74 billion USD in newly registered capital and 0.77 billion USD in adjusted capital. Domestic Direct Investment (DDI) reached over 260 trillion VND, 3.6 times higher than in 2024.

The province’s transport infrastructure is being synchronously invested in, expanding development space and increasing investment attraction.

Industrial parks (IPs) continue to affirm their role by attracting substantial investment capital, adding vital resources to the total social investment, increasing export turnover, and contributing positively to the state budget. Technical infrastructure within IPs is being perfected to enhance the capacity to receive high-tech and large-scale projects. To date, the province has established 29 industrial parks, with an occupancy rate of 70.2% based on allocated land. In 2025, investment attraction in IPs exceeded set targets, notably drawing over 1 billion USD in FDI from 21 countries and territories.

According to Mr. Hoang Long Bien – Director of the Provincial Industrial Zones Authority, the unit will continue to coordinate closely with departments to enhance promotion efficiency. Priorities include selecting capable and reputable infrastructure investors and attracting high-tech projects with strong spillover effects. Promotion activities will remain focused and targeted, maintaining regular dialogues with businesses to clear bottlenecks and facilitate project implementation.

In the coming period, Phu Tho identifies investment attraction as a core task to realize the goal of becoming a modern industrial province and a hub for industry, services, and logistics in the Northern Midlands and Mountains.

The Provincial People’s Committee has approved the 2026 Investment Promotion Program. Accordingly, promotion efforts in 2026 will be proactive, selective, substantive, and effective—aligning with the Provincial Master Plan and the 2026-2030 Five-Year Socio-Economic Development Plan, while inheriting and expanding upon the programs of the three former provinces.

Investment promotion activities will align with Central government orientations on FDI and DDI attraction, focusing on the digital economy, green economy, green growth, science and technology, innovation, and digital transformation.

The province will promote investment attraction linked with sectoral restructuring, enhancing efficiency and competitiveness while gradually completing industrial clusters and value chains. Methodologically, Phu Tho will proactively approach and introduce direct cooperation opportunities to partners while strengthening online promotion channels and applying digital technology.

With a commitment to partnering with businesses and building an increasingly open and transparent environment, Phu Tho continues to effectively unlock social resources, creating a vital impetus for rapid and sustainable economic growth.

Nguyen Hue