Phu Tho - "Promising land" attracting FDI, creating momentum for sustainable development

The strong rise of Phu Tho province as a leading investment destination is making an important contribution to the state budget and ensuring social security. With an open investment environment, modern infrastructure and abundant labor resources, Phu Tho is affirming its position as a “good land” for foreign investors.

Ba Thien 2 Industrial Park - an attractive destination for FDI investment

Impressive numbers on investment attraction

In the context of a volatile global economy , Phu Tho has emerged as a bright spot on Vietnam’s map of foreign direct investment (FDI) attraction. With continuous efforts to improve the investment environment, reform administrative procedures and policies to accompany businesses, the province has achieved impressive results, contributing positively to the goal of sustainable development.

In the first 9 months of 2025, Phu Tho witnessed a strong breakthrough. The province attracted 26 new FDI projects with a total newly registered and increased capital of 569.93 million USD, exceeding 7% over the same period in 2024. Along with that, there were 30 newly licensed domestic projects with a total investment capital of 11,685.86 billion VND, 2.5 times higher than the same period last year.

Young Poong Electronics Vina Company (YPE Vina), Binh Xuyen II Industrial Park is a 100% Korean-owned enterprise, specializing in manufacturing and processing FPCBs electronic circuit boards.

Many enterprises from the United States, South Korea, Japan, Singapore and European countries have been actively investing in Phu Tho. Not only transferring technology and training skills for workers, these enterprises also participate deeply in the global production network and value chain. Every year, they contribute a large part to the province's budget revenue and create tens of thousands of stable jobs.

Mr. Hoang Long Bien, Head of the Management Board of Industrial Parks of Phu Tho province said: “The province always pays attention and provides the most favorable conditions to attract FDI, contributing to the economic development of the province. Phu Tho is always ready to welcome corporations and enterprises to invest to benefit together, contributing to the creation of a sustainable and prosperous economy”.

SOLUM VINA Co., Ltd., Ba Thien 2 Industrial Park specializes in manufacturing and supplying electronic components for Samsung Group.

This growth comes not only from the issuance of new licenses but also from the stable operation of existing projects. In the past 9 months, 36 projects have been put into production and business, including 29 FDI projects, contributing positively to local economic growth. Currently, there are 668 secondary projects operating in the province's industrial parks, accounting for 82% of the total number of investment projects.

Improving the investment environment and accompanying businesses

The attractiveness of Phu Tho lies not only in its geographical location or infrastructure but also in its administrative procedure reform policy and the support of local authorities. The Industrial Park Management Board has actively innovated its processes, reducing 20-30% of the time to carry out labor-related administrative procedures.

The rate of online application submission reached 95%, showing the effectiveness of applying technology in management. Moreover, the provincial leaders have proactively contacted and worked with many large corporations such as Samsung, Sumitomo Corporation (Japan), YCH (Singapore) and many international delegations to learn and promptly resolve problems for investors.

Exedy Vietnam Co., Ltd., Khai Quang Industrial Park specializes in manufacturing automobile clutches.

Mr. Kenta Kawanabe, General Director of Thang Long Vinh Phuc Industrial Park Co., Ltd. shared: “The provincial leaders have proactively supported us from the very beginning, helping our project to be implemented on schedule. Up to now, we have 46 investors leasing land and factories with an area of ​​147.1 hectares, accounting for about 91%, mainly from Japan and some from Taiwan, Hong Kong...”.

Similarly, Mr. Kazuki Hayashi, General Director of Exedy Vietnam Co., Ltd., emphasized: “Phu Tho province is not far from Noi Bai International Airport, has great advantages in logistics and personnel movement, so it is very popular with investors. Mr. Kazuki Hayashi affirmed that the company's success in Phu Tho is thanks to the favorable investment environment, continuously improved infrastructure and close support from the government.

Sustainable Development Goals

To maintain growth momentum, Phu Tho is implementing many strategic solutions. The province prioritizes attracting supporting industry projects for the automobile, electronics, telecommunications and high-tech projects. Investors from Japan, Korea, EU, US... with financial potential and experience will be the priority subjects.

Aiming for sustainable development, Phu Tho focuses on attracting investment projects in high technology, semiconductor industry, clean energy, new materials and environmentally friendly fields. The technical infrastructure system inside and outside the industrial park is constantly invested and upgraded synchronously, fully meeting the requirements of electricity, water, telecommunications and environment.

Along with economic development, Phu Tho also pays special attention to social security. The province has completed the goal of eliminating temporary and dilapidated houses, creating jobs for nearly 50,000 people, and taking care of policy beneficiaries.

Thang Long Vinh Phuc Industrial Park is an attractive destination for investors such as: Japan, Taiwan, Hong Kong...

The growth rate of gross regional domestic product (GRDP) in the first 9 months of 2025 is estimated at 10.0%, higher than the target assigned by the Government, showing the clear effectiveness of these policies. State budget revenue reached 42,000 billion VND, exceeding the assigned estimate. Export turnover reached 26.8 billion USD, of which machinery, equipment and electronic components accounted for the majority.

This reflects the strong recovery and development of industrial production, especially the processing and manufacturing industry. In the coming time, Phu Tho will continue to mobilize the strength of the entire political system to support businesses, focusing on solutions on finance, land, scientific and technological innovation and market development.

With a clear roadmap and high determination, Phu Tho is creating a solid foundation to move towards the goal of becoming a dynamic and sustainably developing industrial center in the region. The province has been affirming itself as a "good land" to attract investment, not only bringing economic resources but also creating a sustainable ecosystem, contributing to improving people's lives and promoting comprehensive development.

Ngoc Thang

Source: https://baophutho.vn/phu-tho-dat-lanh-thu-hut-fdi-tao-dong-luc-phat-trien-ben-vung-240238.htm