Phu Tho has 4,500 Newly Established Enterprises in 2025

With the goal of developing Phu Tho into a hub for industry, trade, logistics, and tourism, the province has been proactive and flexible in directing departments and localities to enhance administrative reform, resolve difficulties, and support local production and business. Key focus has been placed on investment attraction solutions alongside enterprise support and development.

By building modern industrial park infrastructure integrated with environmental protection, Phu Tho has attracted numerous investors. Photo: Ba Thien II Industrial Park.

Investment promotion activities have been innovated with a more focused and strategic approach. In addition to traditional markets, the province is shifting its focus toward potential markets such as Europe, the US, and Australia. Simultaneously, the province prioritizes “on-site investment promotion” by accelerating administrative reforms and promptly addressing the bottlenecks faced by investors and businesses.

In 2025, the province attracted 1.2 billion USD in Foreign Direct Investment (FDI), reaching 114.2% of the target and marking a 38.5% increase compared to 2024. Domestic Direct Investment (DDI) is estimated at nearly 220,000 billion VND, a 3.3-fold increase over 2024.

Efforts to improve the business and investment environment continue to be drastically directed. Numerous mechanisms and policies—particularly regarding investment, land, housing, budget management, site clearance, and resettlement—have been institutionalized and issued promptly. The province has shortened processing times for procedures, recommended the removal of unnecessary regulations to competent authorities, promoted decentralization and empowerment, and prioritized the development of e-government. Furthermore, the province consistently stands by businesses to resolve challenges and effectively implements support policies regarding taxation, customs, and credit.

Thanks to these proactive solutions, the number of newly registered enterprises soared in 2025 to 4,500 units, reaching 128.6% of the set goal and increasing 44.2% year-over-year. The total registered capital exceeded 40,000 billion VND, reaching 114.3% of the target and up 29.1% over the same period. Additionally, approximately 1,000 enterprises resumed operations, a 25% increase compared to 2024.

Hoang Nga