“Sweet Fruit” from Investment Attraction

Identifying industry as the key driver for socio-economic growth, Phu Tho province has proactively stayed “one step ahead” in planning, creating “clean” land funds, and investing in synchronous infrastructure for industrial parks (IPs).

According to the Provincial Planning for the 2021-2030 period, with a vision to 2050, the industrial development space will be expanded, linked with regional connectivity, and developed along value chains. By the end of 2025, the province had established 28 industrial parks with a total area of over 5,800 hectares.

The infrastructure of Cam Khe Industrial Park is synchronously and modernly invested, serving as a top destination for many FDI investors.

By 2030, the province plans to develop 30 industrial parks with a land-use scale of over 7,437 hectares. Among these, 8 IPs have approved zonal plans, while the remaining 22 are completing regulatory procedures. This serves as a vital industrial land fund, creating significant room to attract investment projects in the coming period.

Following the administrative boundary reorganization, the province’s industrial development planning was adjusted to focus on regional advantages and connectivity. Key IPs such as Phu Ha, Trung Ha, Phu Ninh, Thang Long, Ba Thien II, and Song Lo II have received comprehensive investment in connecting transport systems, power grids, water supply/drainage, telecommunications, and logistics, ready to host projects in processing-manufacturing, electronics, precision engineering, and supporting industries.

Beyond expanding in scale, Phu Tho’s industrial parks are shifting strongly toward a green-smart-sustainable model. A prime example is Ba Thien II Industrial Park, covering nearly 309 hectares, with an occupancy rate of approximately 98%. This IP attracts 76 investors, including 71 FDI enterprises from international corporations such as Polaris (USA), Nippon Paint (Japan), Assa Abloy (Sweden), and VPIC1 (Taiwan - China).

According to Mr. Trinh Van Quang, CEO of an infrastructure investment enterprise, environmental factors are a top priority alongside production infrastructure. The centralized wastewater treatment plant, with a capacity of 10,000 m3/day, utilizes Japanese and Singaporean technology to meet strict international standards—a crucial condition for attracting high-tech and sustainable projects.

Parallel to infrastructure, the province is implementing measures to improve the investment and business environment. The Provincial Industrial Zones Management Board has promoted administrative reform through a “one-stop-shop” mechanism and increased dialogue to support businesses from survey to operation.

In 2025, the province attracted 1.5 billion USD in FDI (143% of the plan) and 260.5 trillion VND in domestic investment (DDI)—3.6 times higher than in 2024. Over 4,500 new enterprises were established, a 44.2% increase in quantity and a 29.1% increase in registered capital compared to the previous year.

Many large-scale and high-tech projects have been implemented, such as the Jahwa electronic component manufacturing plant with an investment of 100 million USD and the Allied Circuit Meiko Vietnam printed circuit board (PCB) factory with a capital of 77 million USD. Typical capital expansion projects include JH Vina with an additional 150 million USD and Meiko with an extra 100 million USD.

Workers in industrial zones and clusters work in green, environmentally friendly environments, and their living standards are constantly improving.

Mr. Hoang Long Bien, Head of the Provincial Industrial Zones Management Board, emphasized that these impressive figures reflect investor confidence. He noted that the Board works directly with each project to proactively resolve obstacles, aiming to help investors begin production in the shortest time possible.

International investors also speak highly of Phu Tho. Mr. Lee Ju Hyoung, Deputy General Director of HaNa Company (South Korea), stated that the choice of Phu Tho was based on its favorable location, synchronous infrastructure, and active government support. Similarly, Mr. Lee Jong Young, Chairman of the Korean Business Association in Phu Tho, highlighted the province’s consistent support and reliable technical infrastructure, particularly the power supply system.

With the consistent viewpoint: “Internal strength is decisive, external strength is a breakthrough, and businesses and people are the center,” Phu Tho is step-by-step realizing its goal of becoming an important growth pole and a regional hub for industry, trade, and logistics.

Hoi - Long