In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
A motorbike production line of Honda Vietnam — a Japanese company located in Phu Tho province. (Photo: VNA)
Phu Tho (VNA) – The northern province of Phu Tho, leveraging its strategic location and sound administrative procedures following the administrative merger of Phu Tho, Hoa Binh, and Vinh Phuc provinces, has lured the attention of multiple foreign investors.
Located adjacent to Hanoi, Phu Tho boasts abundant natural resources that have captured the interest of major global investors. The province has committed to creating an open and transparent business environment and improving public service delivery to welcome enterprises.
In the first seven months of the year, the locality attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Several large-scale projects have already broken ground, including social housing development, urban projects, and tourism initiatives such as the Cuoi Ha cable car system and Serena Resort. Most notably, the province has approved the Viet Tri golf course project, spanning 65 hectares with total investment of over 1 trillion VND (38.1 million USD).
The domestic business sector has demonstrated impressive growth momentum. The province witnessed the establishment of 2,976 new enterprises, representing a 92.9% increase compared to the same period last year, with total registered capital exceeding 26 trillion VND. Additionally, approximately 964 enterprises have resumed production and business operations.
During the seven-month span, as much as 13.8 trillion VND was disbursed, or 73.8% of the plan set by the Prime Minister and 46.5% of total allocated planned capital.
Director of the provincial Department of Finance Vuong Thi Bay said that the province has pursued ta🌠rgeted investment promotion, prioritising strategic partners. Key focus markets include the Republic of Korea, Japan, Singapore, France, Germany, Italy, Spain, Russia, the UK, and the US./.
Vietnam is becoming a key destination for manufacturers and logistics firms thanks to its strategic location, low costs, and ready-built infrastructure. Gateway provinces like Phu Tho are emerging as magnets for foreign investment.
The newly merged province of Phu Tho is tasked with completing a comprehensive master plan to 2030 with a vision to 2050, aligned with broader integration strategies linking the Northwest, Hanoi, the North Central region, and the Laos–Vietnam economic corridor
The northern midland province of Phu Tho has carried out all-round measures to improve tourism infrastructure, services, and offerings, elevating visitor experience and reinforcing the province’s unique cultural identity.
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More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
