Thai investment makes its mark in Phu Tho
WVR - In its journey to become a key industrial and service hub in Vietnam's Northern Midlands and Mountainous Region, Phu Tho is increasingly witnessing Thai investment making its mark across the province.
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Not only bringing in hundreds of millions of USD in capital, Thai enterprises also introduce modern management thinking, advanced technology, and sustainable development models, contributing to transforming the economic landscape of the Land of the Ancestors.
"Red address" for investment
Thailand is currently one of the important foreign investment partners of Phu Tho province. As of the end of May 2026, the province has attracted 747 foreign direct investment (FDI) projects with registered capital exceeding 14.5 billion USD, from investors from 28 countries and territories. Among them, 15 FDI projects from 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.
When mentioning the imprint of Thai enterprises in Phu Tho, SCG (Siam Cement Group) – one of Southeast Asia's leading industrial groups – must be noted first. By investing and holding a controlling stake in Prime Group, SCG has made Phu Tho one of its important construction material production bases in Vietnam.
Not only maintaining stable production activities, SCG continuously invests in upgrading technology lines, improving productivity and product quality. Prime's tile, roofing, and construction material manufacturing plants in Phu Tho currently create jobs for thousands of workers, significantly contributing to the local budget and promoting the development of the construction material industry in the region.
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| Thai Ambassador to Vietnam Urawadee Sriphiromya visits Prime Group's factory as part of a working program in Phu Tho province to promote cooperation and implement the "Thailand Connect in Phu Tho 2026" event, on March 16, 2026. (Source: Prime Group) |
The success of Prime Group is also a clear testament to the effectiveness of Thai investment capital. From a Vietnamese enterprise thriving in the ceramic tile sector, after becoming a member of SCG, Prime continues to expand its production scale, increase competitiveness, and introduce its products to many international markets.
In addition to the industrial sector, Thai enterprises are also expanding their presence in the trade and service sectors in Phu Tho. Recently, MM Mega Market Vietnam Co., Ltd. – a member of TCC Group, one of Thailand and ASEAN's leading multi-sector business groups – proposed a trade and service project at the intersection of Nguyen Tat Thanh and Ly Thai To streets, Vinh Phuc ward.
MM Mega Market currently owns a large-scale network of trade centers, wholesale, and retail supermarkets nationwide. The company's choice of Phu Tho for investment research continues to demonstrate the attractiveness of the local business environment. Chairman of Phu Tho Provincial People's Committee Tran Duy Dong has agreed in principle for the company to conduct research and implement the project, opening up prospects for developing modern trade services, improving service quality for residents, and boosting local consumption.
Notably, at the end of 2025, Amata Group – Thailand's leading industrial park developer – was officially approved to invest in the Doan Hung Industrial Park project (Amata City Phu Tho) with a scale of over 475 hectares and a total investment of approximately 185 million USD. This is one of the largest-scale FDI projects licensed in Phu Tho in recent years.
The project is located at the northern gateway of the province, directly connected to National Highway 70 and the Phu Tho – Tuyen Quang expressway. From here, the industrial park can conveniently connect with the Hanoi – Lao Cai expressway, significantly reducing transportation time for goods to the Lao Cai border gate, Noi Bai International Airport, and the northern seaport system.
The Doan Hung Industrial Park is located at the northern gateway of the province, directly connected to National Highway 70 and the Phu Tho – Tuyen Quang expressway. From here, goods can easily connect with the Noi Bai – Lao Cai expressway, the Lao Cai international border gate, Noi Bai International Airport, and the northern seaport system. The synchronized transportation infrastructure advantage is expected to create significant attraction for secondary investors in the future.
According to the investor's orientation, Amata City Phu Tho will be developed as a modern industrial park, prioritizing the attraction of high-tech industries, clean industries, supporting industries, and environmentally friendly projects. Not just a mere production area, the project also aims to be a smart, sustainable industrial park, applying renewable energy and modern management solutions according to international standards.
The project officially commenced on June 17, 2026, and will be implemented in two phases. Phase 1 covers an area of 239.43 hectares, executed from 2025 to 2029; phase 2 covers an area of 236.24 hectares, implemented from 2029 to 2033. The project's operational duration is 50 years from the date of receiving the Investment Registration Certificate.
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| Amata City Phu Tho will be developed as a modern industrial park, prioritizing the attraction of high-tech industries, clean industries, supporting industries, and environmentally friendly projects. (Source: Petrotimes) |
According to Chairman of Phu Tho Provincial People's Committee Tran Duy Dong, the project's implementation in the context of the local government operating under a two-tier model demonstrates the province's strong commitment to improving the investment and business environment and accompanying enterprises. Provincial leaders affirm that Phu Tho always regards investors not only as partners but also as "citizens of the locality", sharing responsibilities and benefits in the development process.
The presence of Amata Group along with a series of large-scale projects from Thailand not only reflects the growing confidence of the Thai business community in Phu Tho's investment environment but also opens up opportunities for forming new industrial ecosystems.
With experience in developing many modern industrial parks in Thailand and Vietnam, the "giant" Amata is expected to create a strong ripple effect, attracting more multinational corporations, high-tech enterprises, and satellite investors to the Land of the Ancestors in the near future.
Building "Nests" to welcome "Eagles"
Right before the "Thailand Connect in Phu Tho 2026" Program (June 17-18), the People's Committee of Phu Tho province announced decisions on the establishment of three industrial clusters: Dam Duong Industrial Cluster (Dai Dong commune); Yen Phuong Craft Village Industrial Cluster (Tam Hong commune) and Son Loi Industrial Cluster (in Binh Nguyen, Binh Tuyen communes).
The establishment of the first industrial clusters after the merger not only opens up new development space for the province's industry but also marks the beginning of the implementation of technical infrastructure investment projects for industrial clusters, demonstrating the determination to improve the investment environment and develop industry in a synchronized, modern, and sustainable direction.
According to the industrial cluster development plan for Phu Tho province for the period 2026 - 2030, with a vision to 2050, the entire province is expected to develop 133 industrial clusters. To date, the Provincial People's Committee has decided to establish 66 industrial clusters, gradually forming a synchronized technical infrastructure network, creating important space for socio-economic development and investment attraction in the coming period.
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| Handing over decisions to investors of the Industrial Clusters: Dam Duong, Yen Phuong, Son Loi. (Source: Phu Tho Newspaper) |
The Director of the Department of Industry and Trade of Phu Tho province affirmed: "The establishment of new industrial clusters is particularly significant in the context of Phu Tho province entering a new development phase after the merger. The industrial clusters will be the nucleus for attracting investment, promoting the development of key industries, supporting industries, processing, and manufacturing industries; while also contributing to relocating dispersed production facilities that pose pollution risks into concentrated production areas, meeting sustainable development requirements."
Based on existing advantages and potential along with strategic, methodical steps, Phu Tho province hopes to continue accompanying Thai partners in building future-oriented cooperation models, using science and technology, innovation, digital economy, green economy, and high-quality human resource development as new growth drivers.
With the entire Phu Tho provincial administrative system making concerted efforts and effectively implementing synchronized solutions to create a transparent environment for attracting foreign investment, it is certain that in the near future, many Thai "eagles" will choose this promising land to "nest".
