The new Phu Tho province, which was merged from the three provinces of Vinh Phuc, Hoa Binh and Phu Tho, is emerging as a strategic high-tech industrial and logistics center of the North. The merger not only helps optimize resources but also creates a large industrial development space with synchronous infrastructure and policies, paving the way for a new wave of investment to flow into this area..
FDI Attraction: Strong Growth Driver
Attracting hundreds of millions of USD in FDI each year: In the first 6 months of 2025, Phu Tho has attracted more than 469 million USD in FDI capital, with a series of large projects in the fields of high technology, supporting industry and logistics.
Modern industrial parks: Industrial park systems such as Khai Quang, Thang Long Vinh Phuc, Ba Thien I, II, Phu Ha, Thuy Van, Nam Binh Xuyen... are all invested synchronously, the proportion of high-tech enterprises is dominant, attracting multinational corporations.
Attractive incentive policies: Phu Tho commits to accompany businesses, strongly reform administrative procedures, apply the "one-stop-shop" mechanism and offer the highest investment incentives according to legal regulations, especially focusing on the high-tech sector.
Industrial Supply Chain: Connected – Synchronized – Modern
Strategic location: Phu Tho is the gateway connecting the Northwest region with the Red River Delta, adjacent to Noi Bai International Airport, convenient for transportation, import-export and logistics development.
Synchronous infrastructure: Industrial parks are systematically planned, with technical infrastructure meeting international standards (electricity, water, telecommunications, wastewater treatment, etc.), and synchronous social services, creating conditions for the formation of modern supply chains and reducing logistics costs for businesses.
Developing supporting industries: The province prioritizes the development of supporting industries, manufacturing electronic components, semiconductors, and artificial intelligence, gradually participating deeply in the global value chain.
Outstanding Advantages When Investing In Phu Tho
Abundant labor resources, competitive costs: Phu Tho possesses a young, well-trained workforce, reasonable labor costs, creating a competitive advantage in production costs compared to neighboring industrial provinces.
Clean land fund, attractive investment environment: The provincial government focuses on developing clean land, completing infrastructure of industrial parks, ready to welcome large-scale projects.
Sustainable development orientation: Phu Tho focuses on developing green industry, circular economy, improving international competitiveness and aiming to become a regional innovation center.
Strong Development Prospects
According to the plan until 2030, Phu Tho aims to become one of the largest industrial centers in the country in high-tech industry, electronics, automobiles, motorbikes, with 11 high-tech industrial parks, attracting emerging industries such as semiconductors, AI, clean energy. The locality also promotes the development of modern logistics, trade, and service centers, contributing to raising the position of Northern industry on the national economic map.
