Phu Tho commits to long-term partnership with investors for sustainable success
WVR - According to Doan Quang Hung, Deputy Head of the Management Board of Industrial Parks (IPs) in Phu Tho Province, Phu Tho is committed to long-term collaboration, transforming the potential of Dat To (the Land of the Ancestors) into profit and sustainable development for Thai investors.
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| Chairman of the People's Committee of Phu Tho Province Tran Duy Dong hands over the investment policy decision and investor approval to Amata Group (Thailand). (Source: VGP) |
According to you, what are the biggest competitive advantages that make Phu Tho's industrial parks attractive to both domestic and foreign investors?
The IPs in Phu Tho Province currently possess three core competitive advantages that create a strong appeal to investors.
Firstly, strategic location and synchronized connectivity infrastructure. Phu Tho serves as the "gateway" connecting the Northwest region with the capital Hanoi and the Red River Delta provinces. The transportation infrastructure is highly convenient with the Noi Bai - Lao Cai expressway, major national highways, and proximity to Noi Bai International Airport and Hai Phong Port. This allows businesses to optimize logistics costs and transportation time.
Secondly, large clean land reserves and modern service infrastructure. We proactively prepare large clean land reserves, systematically planned with standard-compliant electricity, water, and wastewater treatment systems. Currently, the IPs in the province have over 400 hectares of clean land ready for investment attraction. Administrative procedures at the Management Board of IPs are implemented under a "one-stop-shop" mechanism.
Notably, from April 1, 2026, the Management Board of IPs is piloting an electronic "green lane" mechanism for investment projects, reducing costs and time for businesses. After more than two months of implementation, the Board has processed nearly 260 dossiers, with 100% resolved on or ahead of schedule.
Thirdly, abundant and high-quality human resources. Phu Tho boasts a "golden workforce" with a high rate of trained labor, supported by local universities, colleges, and vocational schools. Labor costs here are highly competitive compared to provinces adjacent to Hanoi, meeting the recruitment needs for high-tech labor of multinational corporations investing on a large scale in the IPs.
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| Deputy Head of the Management Board of IPs in Phu Tho Province Doan Quang Hung. (Photo: Courtesy by author) |
Phu Tho not only commits to providing an "Favorable - Transparent - Safe" investment environment but also consistently accompanies businesses, viewing their success as the province's success.
Currently, what is the number and scale of Thai enterprise investment projects in Phu Tho's industrial parks? How do you assess the quality of investment projects from Thai investors?
As of June 2026, there are 7 projects from Thai investors operating in the IPs of Phu Tho Province. The total registered investment capital reaches 140.77 million USD (with contributed capital exceeding 84.53 million USD).
All 7 projects are in stable operation, providing stable employment for nearly 900 local workers.
The Management Board of IPs in Phu Tho Province evaluates that Thai investors have great cooperation potential and represent highly quality capital for the following reasons:
Thai enterprises have significant strengths in processing, manufacturing, green energy, packaging, and consumer industries. These are all key sectors that Phu Tho is prioritizing for investment attraction in the IPs.
Thai projects consistently affirm their credibility through extremely rapid capital disbursement, good compliance with Vietnamese environmental laws, budget obligations, and full attention to employee welfare. The business operations, revenue, and import-export value of Thai enterprises in Phu Tho have maintained stable growth over the years.
The Management Board of IPs in Phu Tho Province commits to continuing to apply maximum preferential policies, vigorously reform administrative procedures, and prepare modern clean land reserves to welcome a larger wave of investment shifts from Thai corporations in the near future.
Which sectors in Phu Tho do you believe will attract Thai investors and businesses in the coming time?
In the upcoming period, Phu Tho aims to strongly attract high-quality capital from Thailand into three key sectors.
First is green and ecological IP infrastructure. This sector leads the capital flow, as evidenced by the Doan Hung IP project (over 475 hectares, investment capital of 185.2 million USD) by Amata Group (Thailand). Phu Tho prioritizes Thai investors with experience in developing smart, synchronized, and sustainable industrial infrastructure.
Second is high-tech processing and manufacturing industries. Building on the foundation of existing highly effective projects, Phu Tho continues to attract Thai enterprises in sectors such as electronic component production, automotive and motorcycle support, and environmentally friendly new materials, thanks to its advantageous logistics gateway location.
Third is high-tech agriculture and supply chains. Combining Thailand's leading strengths in smart agriculture and retail with the abundant land and agricultural and forestry resources of the midland region. The province encourages deep processing projects and post-harvest preservation linked with modern logistics chains.
The Management Board of IPs in Phu Tho Province commits to preparing ready clean land reserves and simplifying administrative procedures to turn these potentials into practical and effective investment capital for Thai enterprises.
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| Phu Tho is prioritizing favorable locations with large ready-to-lease land reserves such as Cam Khe IP (124 hectares). (Source: CMH Group) |
What investment promotion activities is the Management Board of IPs in Phu Tho Province implementing to attract more foreign enterprises, especially Thai businesses, to explore investment opportunities?
Welcoming foreign investors, particularly capital from Thai businesses investing in Phu Tho's IPs, the Management Board of IPs in Phu Tho Province is focusing on implementing three core breakthrough action strategies.
First, ready "clean land reserves" and synchronized connectivity infrastructure. We proactively introduce modern IP infrastructure, directly connected to the Noi Bai - Lao Cai expressway, just 25km from Noi Bai Airport. Currently, Phu Tho is prioritizing favorable locations with large ready-to-lease land reserves such as Cam Khe IP (124 hectares) and Phu Ha IP (95.4 hectares); Nam Binh Xuyen IP (41.1 hectares); Thai Hoa - Lien Son - Lien Hoa IP (KVII-GD1 51.7 hectares); Tam Duong I-KV2 IP (57.9 hectares); Song Lo II IP (111.6 hectares); Binh Phu IP (54.8 hectares); Phu Son IP (146.7 hectares). Accompanying this is a commitment to large-capacity electricity supply, clean water systems, and 100% IPs meeting wastewater treatment standards, perfectly meeting the green operation standards of Thai corporations.
Second, pioneering the pilot "Green Lane Mechanism" in investment procedures. The Management Board of IPs in Phu Tho Province is piloting the "Green Lane Mechanism" to bring projects with dynamic and widespread impact into operation early to promote the province's economic development. Under this mechanism, projects that meet planning and environmental standards will be prioritized for special processing: reducing up to 50% of the time for appraisal, investment registration certificate issuance, and fastest post-licensing procedure completion support. The Management Board of IPs commits to one-on-one accompaniment, appointing dedicated focal points to assist businesses in processing dossiers throughout, ensuring projects move from paper to the field in record time.
Third, exceptional incentives and on-site human resource support. Coming to Phu Tho, Thai businesses will be offered the highest incentives on corporate income tax, exemption from import tax on fixed assets, and land rent reduction. Especially, the province thoroughly addresses the labor issue with an abundant workforce of over 2 million people, a training rate of 73.3%, along with practical digital transformation and green transformation support policies.
With a foundation of 530 effective FDI projects and the presence of global corporations such as Honda; Compal; Foxconn, BYD, Meiko... Phu Tho confidently affirms that it has prepared the most optimal conditions. We commit to long-term collaboration, transforming the potential of Dat To into profit and sustainable development for Thai investors.
Do you have any message you would like to send to the business community and investors interested in Phu Tho's investment environment?
Located in a strategic position - the gateway to the Northwest of the Capital Hanoi, Phu Tho is proud to be a strategic logistics destination and one of the most dynamic growth poles in the Northern Midlands and Mountainous region.
On behalf of the Management Board of IPs in Phu Tho Province, I would like to convey the message: "Comprehensive support - Strong Commitment" through three core advantages: Synchronized infrastructure, ready land; Commitment to accompany and support businesses; Selective investment attraction, aiming for a sustainable future.
With the goal of doubling the economic scale by 2030, Phu Tho is not only a place where value converges but will be a place where opportunities spread, creating sustainable success with you. Phu Tho always opens its doors to welcome investors!
Thank you very much!
