Phu Tho Continues to be an Attractive Destination for International Investors

Entering 2026, Phu Tho province continues to set goals for new breakthroughs in economic development, with investment attraction identified as a key growth driver. Beyond increasing capital scale, the locality is shifting strongly toward selecting high-quality projects that apply advanced, green, and clean technologies with deep integration into global production and supply chains.

BHflex Vina Co., Ltd (Khai Quang IP, Vinh Phuc Ward) currently operates 5 electronic component factories in Phu Tho, employing over 4,100 workers.

Welcoming the Investment Wave from South Korea

In early 2026, leaders from 12 major corporations and companies belonging to the Federation of Gyeonggi Chambers of Commerce and Industry (FGCCI) from Gyeonggi Province, South Korea, worked with provincial leaders to explore the investment environment and survey local industrial parks (IPs). These enterprises operate in sectors such as processing, manufacturing, supporting industries, high-tech, logistics, and services.

Currently, South Korea is the largest investor in Phu Tho with total registered capital of nearly 5 billion USD, accounting for 53% of the number of projects and 40% of the province’s total FDI. Key players such as Daewoo Bus, Partron Vina, Interflex, and Haesung Vina provide stable jobs for nearly 200,000 workers with an average income of 11-12 million VND/month.

Toward Sustainable Investment Attraction

In 2025, total Foreign Direct Investment (FDI) reached approximately 1.51 billion USD, while Domestic Direct Investment (DDI) reached nearly 10 billion USD. To date, the province hosts 735 FDI projects with a total registered capital of about 13.2 billion USD from 27 countries and territories.

Following the process of merger and restructuring of development spaces, alongside its geographical advantages, Phu Tho also possesses numerous strengths in resources, transport infrastructure, technical infrastructure, and particularly in economic structure and scale. In 2025, the province’s GRDP scale reached approximately 16 billion USD, ranking 6th nationwide. The economic growth rate reached 10.52%, ranking 4th in the country and leading the Northern Midlands and Mountains region. Furthermore, reasonable investment costs and an abundant industrial land fund have strongly attracted interest from investors in South Korea, Japan, Singapore, and Thailand, focusing on key sectors such as semiconductors, batteries, electric vehicles, logistics, and digital technology.

Several major corporations are currently promoting the expansion of their operations in the locality. Sumitomo is working with the province to research the development of the Binh Xuyen - Yen Lac II Industrial Park infrastructure under a high-tech, eco-friendly model, focusing on attracting enterprises in electronic components, precision mechanics, and supporting industries. Meanwhile, Toyota Vietnam has proposed expanding production in the Phuc Yen area with an orientation toward developing electrified vehicle lines. Phase 1 of the project (2026-2028) is expected to have a total capital of about 360 million USD.

Notably, Amata from Thailand has recently been approved for the investment policy of the Doan Hung Industrial Park, covering over 475 hectares with a total capital of over 185 million USD. The project is directed toward becoming a high-tech, environmentally friendly industrial park with synchronized infrastructure and environmental treatment systems. With nearly 30 years of operation in Vietnam and over 2,500 hectares of developed industrial land, Amata’s selection of Phu Tho as its fifth destination demonstrates the great confidence of international investors in the local development potential.

The province aims to attract over 1.1 billion USD in FDI and approximately 70,000 billion VND in domestic investment by 2026, targeting to be among the top 5 most attractive localities for FDI attraction in the 2026-2030 period.

At the Investment Attraction Steering Conference, Chairman of the Provincial People’s Committee Tran Duy Dong emphasized that the province’s investment attraction strategy is being adjusted from “attracting at all costs” to selective selection. Priority is given to projects applying modern technology, being environmentally friendly, and possessing high added value. Along with promoting administrative reforms and building a transparent investment environment, the province focuses on improving the quality of industrial park infrastructure and human resource training to meet the increasing requirements of strategic investors.

In the coming period, Phu Tho will focus on attracting investment into spearhead sectors aligned with sustainable development trends, such as the electronics industry, high-tech, renewable energy, logistics, and green manufacturing. In particular, the province places emphasis on developing projects in the semiconductor field, supporting industries, and clean energy — sectors expected to create significant added value and drive the local growth model transformation process.

Le Oanh