Unlocking Resources from Phu Tho Province’s Investment Promotion Program in Ho Chi Minh City

On the afternoon of May 29, at the Tan Son Nhat Pavillon Convention Center (Ho Chi Minh City), the Phu Tho Provincial People’s Committee solemnly organized the 2026 Phu Tho Province Investment Promotion Conference under the banner "Joining Hands to Create — Growing Together." This event holds exceptionally profound significance as it marks Phu Tho’s inaugural domestic investment promotion program following the landmark milestone of its administrative boundary merger, expanding interconnected spaces and steering a powerful southern investment wave toward the sacred Ancestral Land.

Chairman of the Provincial People’s Committee Tran Duy Dong hands over Investment Registration Certificates to strategic investors.

Delivering his opening address, Chairman Tran Duy Dong reaffirmed that the conference serves as an integral forum for Phu Tho to share its vision, strategic directions, and development aspirations in the new era with the southern corporate community and investors. Following the historic merger of Phu Tho, Vinh Phuc, and Hoa Binh provinces on July 1, 2025, the newly consolidated Phu Tho Province harmoniously converges deep historical and cultural values alongside massive development headroom and robust regional connectivity.

Spanning an area of over 9.3 thousand km2 with a population of approximately 4 million people, Phu Tho commands a strategic geoeconomic position. Bordering seven localities, it acts as the core hub of the Northern Midland and Mountainous region and the vital bridge connecting the Hanoi Capital Region with the Northwest.

In 2025, the province’s economy recorded stellar milestones, with its GDP growth rate hitting 10.52%—ranking 4th nationwide. The province’s economic scale reached 412.4 thousand billion VND (approximately 16 billion USD), while export turnover hit 42 billion USD. According to the Vietnam Chamber of Commerce and Industry (VCCI), Phu Tho secured a spot in the Top 5 localities nationwide for excellent economic governance quality in 2025 and ranked second globally in the Resource Access Index.

Provincial leaders witness the signing ceremony of the Memorandum of Understanding (MOU) between the Phu Tho Investment Promotion and Enterprise Support Center and Central Retail Vietnam Group for the GO! Commercial Center development.

Provincial leaders witness the signing ceremony of the Memorandum of Understanding (MOU) between the Phu Tho Investment Promotion and Enterprise Support Center and Nafoods Group JSC for the agricultural processing plant project.

Highlighting the long-term milestones for the upcoming phase, the Chairman stated that by 2030, Phu Tho strives to cement its status as a core growth pole of the Capital Region, operating as a primary hub for industrial manufacturing, commerce, and logistics. By 2045, the province envisions transforming into a centrally run municipality backed by a synchronized, modern infrastructure matrix and a prosperous, thriving society. To materialize these blueprints, Phu Tho is concentrating on three strategic breakthroughs: aggressive administrative streamlining, efficient exploitation of new development spaces under the architecture of “Three Economic Corridors — One Ecological Belt — Five Dynamic Axes,” and the cultivation of high-quality human capital.

At the conference, Mr. Bui Hong Do—Director of the Phu Tho Investment Promotion and Enterprise Support Center—formally published the catalog of key projects calling for investment over the 2026–2030 period, in strict accordance with Decision No. 555/QD-UBND dated March 3, 2026, issued by the Provincial People’s Committee.

Accordingly, Phu Tho prioritizes attracting investment into 175 key project categories and programs backed by advanced technologies, clean processes, and modern governance baselines. This catalog is structured into six core specialized pillars: industrial manufacturing within formal Industrial Parks (IPs); industrial production within localized Industrial Clusters (ICs); urban development, commercial centers, services, and residential housing; healthcare, education, tourism, and environmental treatment infrastructures; high-tech applied agriculture, forestry, and fisheries; alongside inter-regional connectivity transport infrastructure.

In tandem with selective investment attraction, the province transparently disclosed 10 restricted sectors and 12 completely excluded fields for investment. This bold policy framework signals an absolute refusal to absorb projects that present environmental pollution risks or employ outdated technologies, reinforcing Phu Tho’s iron standpoint on sustainable development: never trade environmental integrity for raw economic growth.

Mr. Bui Hong Do, Director of the Provincial Investment Promotion and Enterprise Support Center, announces the Catalog of Key Projects Calling for Investment across the province for the 2026–2030 period.

During the dialogue session, under the joint chairmanship of the Chairman and Vice Chairman, the conference listened to highly enthusiastic, strategic presentations and feedback from elite multinational conglomerates, including Phu My Hung Development Co., Ltd., DIC Group, AMATA Group, Viglacera Corporation, T&Y Superport, and FPT Group.

The Chairman also delivered immediate, direct responses to technical queries raised by corporations—such as Cuu Long Vietnam Packaging JSC, Long Phuoc Environmental Consulting Services Co., Ltd., Phu Kien Hưng Real Estate Brokerage JSC, and HaDo Group—clarifying priority fields, institutional support mechanisms for environmental processing firms, manufacturing plant deployment procedures, and access blueprints for provincial master plans. Investors highly appraised the stable, synchronized legal environment post-merger and expressed profound impressions of the aggressive administrative reform packages deployed by the province.

Responding directly to corporate interests, the provincial leadership committed to sustaining and upgrading the efficiency of practical business-support models. These include the “24-Hour Green Lane” and “50% Green Lane” protocols for land and construction procedures, alongside the weekly “Friday Morning Entrepreneur Coffee” dialogue program to definitively untangle corporate bottlenecks. Concurrently, the province is accelerating the generation of clean land funds, finalizing technical infrastructures right up to the “fences” of IPs and ICs, and will swiftly disclose a comprehensive digital database of master plans and land access, allowing global investors to conveniently conduct online surveys without far-distance travel.

Chairman Tran Duy Dong and Vice Chairman Nguyen Khac Hieu directly exchange views and address petitions and proposals raised by investors at the conference.

As a vivid testament to the conference’s success, the Chairman directly handed over formal Investment Policy Decisions, Developer Selection Approval Decisions, and Investment Registration Certificates to 4 landmark projects with an aggregate value of over 7,000 billion VND in fresh capital and over 45 million USD in expanded capital. He also witnessed the formal signing ceremonies of two major Memorandums of Understanding (MOUs) worth over 200 million USD combined: one with Central Retail Vietnam Group to construct a GO! Commercial Center, and another with Nafoods Group JSC to build an advanced agricultural processing factory.

Closing the convention, Vice Chairman Nguyen Khac Hieu extended his deep gratitude to the Ho Chi Minh City Party Committee and People’s Committee, asserting that the cross-regional alliance between the most dynamic economic engine of the South and the surging development powerhouse of the North will inject powerful new momentum into the nation’s socio-economic matrix.

The panoramic layout of the investment promotion conference.

Sending a profound message to the global corporate community, the Vice Chairman emphasized: "Phu Tho Province consistently rolls out the red carpet for enterprises and investors. We do not merely view you as strategic, long-term, and dependable partners, but we solemnly affirm: The moment you choose Phu Tho as your home, you legally and culturally become 'Citizens of Phu Tho Province.' Your commercial breakthroughs and your overarching prosperity are the ultimate success and pride of the government and the people of Phu Tho."

The 2026 Phu Tho Province Investment Promotion Conference in Ho Chi Minh City concluded with resounding success, carving out a highly promising new chapter that channels robust capital flows from the windy South to synchronize with the sacred, historic development currents of the Ancestral Land, fully materializing the province’s grand aspirations for prosperous transformation in the post-merger era.

Dinh Vu