“Green Lane” Mechanism Accelerates Investment Magnetism into Industrial Parks

Executing the “Green Lane” mechanism in administrative procedure resolution to serve the province’s double-digit growth target, the Phu Tho Industrial Parks (IPs) Management Board has proactively audited workflows and slashed processing times for businesses. These drastic turnarounds are actively contributing to upgrading the investment climate, forging a powerful new attraction for both domestic and foreign investors.

From the beginning of April 2026, the Provincial IPs Management Board concurrently deployed the “24-Hour Green Lane” and “50% Green Lane” protocols across numerous administrative procedures concerning investment, labor, and construction within industrial parks. Tasks were specifically assigned under the strict guideline of "clear people, clear tasks, and clear accountability."

An officer at the Division for Receiving and Resolving Administrative Procedures (under the Provincial IPs Management Board) processes a “Green Lane” dossier directly on the interconnected electronic system at the Provincial Public Administrative Service Center.

At the Division for Receiving and Resolving Administrative Procedures, dossiers under the “Green Lane” bracket receive absolute processing priority on the interconnected electronic system. Workflows have been thoroughly audited and streamlined to minimize waiting times for enterprises.

Mr. Hoang Long Bien—Member of the Provincial Party Committee and Director of the Provincial IPs Management Board—stated: "Immediately after the province rolled out the “Green Lane” mechanism, our unit audited the entire pipeline and assigned concrete tasks to individual officers and specialized divisions to guarantee the fastest dossier processing. The deployment of this mechanism elevates executive discipline and public service accountability among our staff. The progress-monitoring pipeline is entirely disclosed and transparent, ensuring rapid resolution under strict legal compliance."

The Provincial IPs Management Board is currently enforcing the “24-Hour Green Lane” protocol for 5 core administrative procedures, including investment project adjustments, the exchange/re-issuance of Investment Registration Certificates, and the re-issuance/extension of work permits for foreign expatriates in Vietnam. Concurrently, the “50% Green Lane” protocol has been deployed, slashing 50% of the statutory processing time for numerous landmark investment and construction projects.

The Director of the Provincial IPs Management Board hands over the Investment Registration Certificate for the VINAPIPE Steel Pipe Factory Project to VINAPIPE Vietnam Steel Pipe JSC—a licensing pipeline executed under the “Green Lane” mechanism.

From April 1 to May 24, 2026, the IPs Management Board received and resolved 218 dossiers (comprising 211 dossiers under the “24-Hour Green Lane” and 7 under the “50% Green Lane”). Remarkably, 100% of the dossiers were settled on time or ahead of schedule.

Beyond accelerating dossier processing pipelines, the Provincial IPs Management Board proactively guides enterprises on perfecting their paperwork from the very onset, minimizing repetitive modifications. Hard bottlenecks tied to investments, land access, construction, and labor are also resolved via timely inter-agency coordination.

The real-world efficacy of the “Green Lane” mechanism was rapidly recognized by the corporate community. A prime example is the Meiko Electronic Microcircuit Manufacturing and Assembly Plant Project at Yen Quang IP by Meiko Electronics, which secured its formal Investment Registration Certificate just 1 working day after dossier submission.

Mr. Nguyen Duc Phuong from the Office of the Chairman of Meiko Electronics Group shared: "We highly appreciate the partnership of Phu Tho Province and the Provincial IPs Management Board during our project deployment. Administrative procedures were guided concretely and processed rapidly, saving valuable time for the enterprise and allowing us to break ground ahead of schedule."

The drastic execution of the “Green Lane” mechanism is fueling a highly positive effect on the province’s investment attraction and economic expansion. In the first 5 months of 2026, the IPs Management Board issued fresh Investment Registration Certificates to 11 FDI projects and approved capital expansion adjustments for 35 turns of active FDI projects. The aggregate value of newly registered and expanded FDI capital reached over 1,295 million USD, marking a 5.2-fold surge compared to the same cycle in 2025 and fulfilling 87% of the 2026 annual target.

Regarding domestic investment, the board granted new Investment Registration Certificates to 12 projects and approved capital adjustments for 9 turns of projects, with the total newly registered and expanded domestic capital exceeding 7,984 billion VND—a 3.1-fold increase compared to the same cycle in 2025, reaching 47% of the 2026 annual target.

These robust indicators prove that Phu Tho’s investment climate is progressively evolving toward a more professional, transparent, and efficient matrix. In this turnaround, administrative streamlining and the “Green Lane” mechanism serve as core pillars driving a new growth engine, sharpening local competitive edge, and capturing high-end capital inflows.

To continuously optimize the “Green Lane” mechanism, the Provincial IPs Management Board will continuously review, simplify, and standardize administrative workflows toward a streamlined, modern, and transparent direction. Heavy emphasis will be placed on information technology integration, dossier digitalization, and expanding the usage of online administrative resolution systems and electronic single-window networks.

Concurrently, the unit will prioritize absolute support for high-tech projects, the electronics industry, and supporting industries, while partnering tightly with provincial departments, sectors, and local authorities to dismantle difficulties for corporations and accelerate infrastructure development across key industrial parks.

Thuy Huong