Phu Tho Delegation Works with ASSA ABLOY Asia Holding AB in Sweden

Within the framework of an official investment promotion and field research itinerary in the Kingdom of Sweden, a high-level delegation from Phu Tho Province, led by Deputy Party Secretary Bui Huy Vinh, paid an official working visit to the corporate headquarters of ASSA ABLOY Asia Holding AB on June 10, 2026. The executive session focused on deep policy alignment, technological transfer, and expanding the multinational’s manufacturing footprint within the province.

The Phu Tho provincial delegation in a high-level working session with the executive directorate of ASSA ABLOY Asia Holding AB.

During the executive panel, the leadership of ASSA ABLOY Asia Holding AB presented a comprehensive summary of the group’s historical lineage, historical growth, and global strategic vision. Established in 1994 through the monumental merger between Sweden’s ASSA and Finland’s Abloy, the group currently operates across more than 70 countries and territories. It stands as the undisputed global pioneer in digital locks, advanced access control systems, and smart, integrated security solutions.

Briefing the delegation on their upcoming expansion roadmap, the ASSA ABLOY corporate board expressed a strong desire to scale up their regional manufacturing capacity. They formally requested the provincial task force to introduce high-potential industrial parks within Phu Tho tailored for advanced smart technology deployment.

The corporate leadership of ASSA ABLOY Asia Holding AB delivers an executive presentation on the group’s global R&D and smart security solutions.

In response, Deputy Party Secretary Bui Huy Vinh expressed his profound gratitude for the warm, high-protocol reception extended by the ASSA ABLOY directorate. He emphasized that the traditional, time-honored friendship between Vietnam and Sweden has been meticulously nurtured for over half a century. For Phu Tho Province specifically, this historic cooperation is deeply anchored by the Bai Bang Paper Mill Project—an enduring monument of Vietnam-Sweden solidarity that played a decisive role in the early industrialization and macroeconomic growth of the locality.

The Deputy Party Secretary delivered a concise presentation on the province’s robust socioeconomic landscape and its highly competitive foreign direct investment (FDI) climate. He underscored that Phu Tho has successfully become a trusted hub for major global tech enterprises. Crucially, as bilateral ties between Vietnam and Sweden rapidly transition from traditional development assistance to an equal partnership fueled by innovation, digital transformation, high-tech manufacturing, and green growth, Phu Tho places immense value on the vanguard role of the Swedish corporate community.

Deputy Party Secretary Bui Huy Vinh delivers his keynote address, highlighting the province’s newly optimized investment ecosystem.

Among these, ASSA ABLOY is recognized as one of the most exemplary and successful conglomerates. The group’s presence in the region is anchored by the ASSA ABLOY Smart Technology Vietnam Factory situated within the Ba Thien II Industrial Park. Representing a total capitalization of approximately 25 million USD, this state-of-the-art facility has been fully operational since 2020, producing high-tech product lines including digital smart locks, biometric access control systems, precision security hardware, and advanced electronic components tailored for the modern global security tech market.

To aggressively drive the province’s strategic focus on high-tech manufacturing, electronics, automated assembly, enterprise digitization, and supporting industries, Phu Tho identifies the FDI community as a primary economic engine. This sector is critical to accelerating technology transfers, upscaling local human capital, and deepening the province’s global economic integration.

On behalf of the provincial government, Deputy Party Secretary Bui Huy Vinh presents a symbolic cultural souvenir to the ASSA ABLOY directorate.

On behalf of the provincial administration, the Deputy Party Secretary delivered a binding commitment that Phu Tho will continuously clear administrative barriers and engineer the most favorable, transparent, and stable legal conditions for foreign investors in general, and ASSA ABLOY in particular, to achieve long-term operational viability and maximum profitability. He raised a strong invitation for the group to rapidly expand its investment portfolio in Phu Tho, particularly in high-tech manufacturing, smart factories, advanced vocational training, and the co-development of a synchronized local supporting industry ecosystem.

Closing the session, the provincial delegation delivered granular briefings to ASSA ABLOY’s strategic planners regarding a selection of key industrial zones that boast premium logistical connectivity and fully synchronized, plug-and-play technical infrastructure, paving a clear path for the group to instantly execute its upcoming project matching and market research.

PV