Harnessing the strength of Phu Tho, the Ancestral Land
WVR - With new development space following the merger, Phu Tho is harbouring grand aspirations to become a growth pole and a driving force for development in the Northern midland and mountainous region.
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The provinces of Phu Tho, Vinh Phuc, and Hoa Binh (former) are rich in historical, cultural, and revolutionary traditions, adjacent to Hanoi and part of the Capital Region. The merger into the new Phu Tho province has opened opportunities to form a multi-centered, highly integrated development model that ensures the inheritance of tradition while aiming for a modern future. It boasts many outstanding potentials and advantages such as expansive development space, adjacency to seven provinces and cities, and location on major economic corridors of the country, particularly near Hanoi.
The aspiration to rise of the Ancestral Land
Diverse inter-regional connectivity infrastructure (high-speed roads, high-speed railways, inland waterways, proximity to Noi Bai International Airport) positions it as a natural logistics hub of the area. A rich natural ecosystem, diverse terrain with many large rivers, numerous scenic spots, historical sites, and famous tourist attractions nationwide; it embodies all the cultural nuances characteristic of the Northern midland, mountainous, and delta regions.
The scale and quality of education rank among the top in the country, with a young population structure and abundant labor resources. An ecosystem for several key national industries is already in place. Numerous industrial parks and new urban areas have been and are being developed, laying the foundation for Phu Tho to achieve comprehensive development in the new phase.
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| The First Congress of the Phu Tho Provincial Party Organization, term 2025 - 2030, September 2025. (Source: Phu Tho Newspaper) |
Building on the achievements of previous phases, the Resolution of the first Congress of the Phu Tho Provincial Party Organization term 2025-2030, set the goal: By 2030, Phu Tho will be one of the growth poles of the Capital Region; becoming a center for industrial, commercial, logistics, tourism, healthcare, high-quality training development, and organizing large cultural festivals linked to national origins; a center for organizing national and international events. The economy will have a high growth rate, driven mainly by science, technology, innovation, digital transformation, and the private economy.
The infrastructure system will be synchronized and modern. Cultural heritage will be preserved and its value promoted. Society will develop harmoniously, with a pristine ecological environment, comprehensive improvement in quality of life, high income, civilization, and happiness for the people. It will play a key role in ensuring energy security, national defense, security, and regional connectivity.
To concretize the objectives and tasks, the Provincial Party Committee has issued many strategic, comprehensive policies across all fields; identifying nine socio-economic development tasks, developing 24 key projects, and concretizing 35 targets and target groups for the 2026 - 2030 period.
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| The Resolution of the first Congress of the Phu Tho Provincial Party Organization, term 2025-2030, set the goal for Phu Tho to be one of the growth poles of the Capital Region by 2030. (Source: Bao Phu Tho) |
Notably, Phu Tho has issued a plan for double-digit economic growth for the 2026-2030 period, with a vision to 2045, associated with the establishment of a Steering Committee and a mechanism for inter-sectoral and inter-field coordination to strengthen the concentrated and unified leadership of the Provincial Party Committee over the main growth drivers; developing major solutions for the application of science and technology, innovation, and digital transformation to enhance the operational efficiency of the political system, focusing on transitioning from traditional management methods to data-driven management based on "accurate, adequate, clean, live" data, forming a shared data system across the province and applying digital technology in administrative management.
Identifying enterprises as development partners
Phu Tho province identifies the development of the private economy as the most important driving force for the province's economic development, being the pioneering force in innovation, digital transformation, and international integration; developing foreign-invested economies in a selective investment attraction manner, linked with the development of domestic enterprises, based on mutual relationships; prioritizing attracting projects with advanced, new, high, clean technologies, modern management, high added value, and technology transfer commitments; having a spreading effect, expanding market networks, and deeply participating in global supply chains.
Based on this, the province prioritizes accelerating the construction of strategic transportation infrastructure, industrial parks, industrial clusters, and logistics infrastructure. To date, the province has planned 57 industrial parks with a total area of over 14,000 hectares; of which 30 industrial parks have been approved for investment (18 industrial parks are operational, 12 industrial parks are under construction); this is an important land fund, creating room to attract large-scale projects in the fields of electronics, semiconductors, electric vehicles, supporting industries, and modern logistics…
The province has also developed a plan to attract strategic investors and a plan to orient new-generation foreign direct investment (FDI) flows for the 2026-2030 period, with the principle of "clean land - synchronized infrastructure - fast public service"; implementing the "Green Lane" mechanism in administrative procedures to serve the goal of double-digit economic growth in the area.
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| Member of the Party Central Committee, Secretary of the Provincial Party Committee, Head of the Phu Tho National Assembly Deputies' Delegation Pham Dai Duong chaired the meeting of the Steering Committee to implement key tasks for the 2026 - 2030 period, on May 8, 2026. (Source: Phu Tho Newspaper) |
Recognizing the business community and entrepreneurs not only as service recipients but also as partners contributing to the policy-making and local development process, Phu Tho has been striving to significantly improve the investment and business environment, promote administrative reform, digital transformation, and enhance the quality of service for citizens and businesses.
Simultaneously, it commits to building a transparent, stable, safe, and competitive investment environment, creating the most favorable conditions for investors to confidently conduct long-term production and business activities in the locality under the motto “Investors in Phu Tho are citizens of Phu Tho”. Phu Tho's inclusion in the top 5 localities with the best economic governance quality in the country according to the 2025 PCI assessment reflects the trust the business community places in the province's commitments and persistent efforts.
Attracting FDI linked with deep, substantial international integration
The attraction of new-generation FDI flows is also being implemented synchronously and consistently with the Central's policy and orientation on proactive, comprehensive, deep, and effective international integration, promoting diplomacy for development, with a focus on economic diplomacy. This is concretized by the province through practical plans and action programs, notably the strategic partnership between Phu Tho and Thai partners.
As of the end of May 2026, Phu Tho province has attracted 747 FDI projects with registered capital of over 14.5 billion USD, with investors from 28 countries and territories; among them, 15 FDI projects by Thai enterprises are being effectively implemented with a total investment of over 416 million USD, covering almost all key sectors from manufacturing, industrial infrastructure to trade and services.
Aiming to commemorate the 50th anniversary of diplomatic relations between Vietnam and Thailand (1976 - 2026) and to promote the realization of the "Three Connections" vision, focusing on supply chain connectivity, local and enterprise economic connectivity, and sustainable development strategy connectivity, opening up a vast cooperation space for the business communities of the two countries and localities, including Phu Tho province. On June 17-18, Phu Tho province, together with the Ministry of Foreign Affairs and the Thai Embassy, co-organized the "Thailand Connect in Phu Tho 2026" Conference.
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| Secretary of the Provincial Party Committee Pham Dai Duong presents the Dong Son Bronze Drum symbol to Thai Ambassador to Vietnam Urawadee Sriphiromya. (Source: Phu Tho Newspaper) |
This is not merely a forum to promote economic cooperation but also a cultural bridge, a new development space, and marks a significant transformation of Phu Tho province on the regional and international integration map, contributing to deepening and substantiating the Vietnam - Thailand Comprehensive Strategic Partnership.
The conference also strongly affirms that Phu Tho is always ready to be a reliable link, proactively welcoming the wave of investment shifts, together with Thai partners, to realize the goal of raising bilateral trade turnover to 25 billion USD and aiming for a prospect of 50 billion USD in the near future.
In pursuing the goal of building Phu Tho province to become increasingly wealthy, prosperous, civilized, and happy, the successful cooperation story between Phu Tho and Thai partners and the "Thailand Connect in Phu Tho 2026" event is a model that conveys the message that Phu Tho always welcomes global businesses and investors with the strongest commitments to action, sharing visions, and reaping success in the new era of national development.
