“New convergence point” of Korean investors

After the consolidation of the territory, Phu Tho has gradually affirmed its new position as the “industrial pole in the West of the Capital”, becoming a strategic intersection in the Northern supply network. The favorable location, reasonable investment costs, abundant industrial land fund and strongly improved administrative procedures have created a special attraction for Korean enterprises - investors who always appreciate infrastructure, stability, discipline and response speed of local authorities.

Platform advantages create strong attraction for Korean businesses

For many years, Phu Tho has been among the leading provinces in the North in attracting Korean FDI. Large-scale projects such as Daewoo Bus, Patron Vina, Interflex, Haesung Vina... along with a system of satellite enterprises in the fields of electronic components, precision mechanics, engineering plastics and auxiliary materials have made a clear mark. These enterprises not only bring advanced technology to Vietnam but also attract hundreds of level 1-2 enterprises, gradually forming a Korean-style industrial ecosystem spreading throughout the province.

Solum Vina Co., Ltd., Ba Thien 2 Industrial Park (Binh Xuyen Commune) with 100% Korean investment capital specializes in developing high-tech electronic components.

The highlight of the “portrait” of Korean enterprises in Phu Tho is the strictness of quality standards and operational discipline. Enterprises such as Interflex Vina (components for Samsung), Haesung Vina (camera lenses), Doowon Vina (automotive components), Namuga or JNTC Vina (screen and camera protection glass) all invest synchronously in R&D, quality control rooms, laboratories and internal vocational training systems. The cluster production model with main factories and satellite enterprises along with the application of PPM criteria, data retrieval and automation has helped improve the supporting industry capacity, while consolidating Phu Tho's position in the global value chain.

When talking directly with Korean enterprises, it can be seen that the four factors that investors appreciate the most in the province’s advantages include: convenient location, reasonable costs, clean land fund and transparent administrative procedures. However, the two decisive “plus points” are stable power source and abundant labor force.

Regarding grid infrastructure, Phu Tho has been “one step ahead” by continuously upgrading its power infrastructure: Phu Tho 2 220kV Station was energized in 2025; Ba Thien 220kV Station (formerly Vinh Phuc ) has completed phase 1; many new 110kV stations have been built and the 110-500kV transmission grid is closely linked. Thanks to that, businesses operate continuously, reducing the risk of production stoppages - a key factor in the global supply chain.

In terms of human resources, Phu Tho and neighboring provinces possess a young, well-disciplined workforce, suitable for the electronics, precision mechanics, and post-production semiconductor industries. A “skills pipeline” has been formed from the system of vocational schools, colleges, and technical universities in conjunction with Korean enterprises, helping new investors quickly recruit and soon put into operation.

“Soft infrastructure” continues to strengthen trust with the one-stop-shop model - on-time operation; the digitalization process is promoted; the focal point for handling documents is clear; the mechanism for resolving problems quickly and aftercare programs directly support each enterprise. Especially during the COVID-19 period, the province has closely coordinated with the Central agencies to maintain production, creating long-term trust for the Korean business community.

Thanks to these foundations, attracting Korean FDI to Phu Tho has been growing continuously. As of October 15, 2025, the whole province has 729 FDI projects with a total capital of 13.198 billion USD; of which 387 are Korean projects, accounting for 53% of the number of projects and 40% of the total investment capital - mainly in the fields of electronics, circuit boards and garments.

Creative government - Businesses feel secure in long-term investment

Phu Tho affirms its consistent viewpoint: "The success of investors is the success of the province". With Korean enterprises, the province commits to accompanying the entire project life cycle from survey, licensing, implementation, operation to expansion. The one-stop - on-time mechanism is actually operated on a digital platform; the entire process, forms, and processing time are made public on the digital platform; enterprises can monitor progress in real time. When problems arise, the system has an "escalation" mechanism to handle them immediately. The province maintains regular thematic dialogues with the Korean Embassy, ​​KOTRA, KOCHAM and establishes a Korean Desk as a dedicated support contact, receiving specialized Korean-Vietnamese bilingual documents, helping to quickly connect enterprises and departments and branches.

Regarding infrastructure, the province proactively prepares clean land and completes roads, electricity, water, and telecommunications to the foot of the project. All industrial zones have standard wastewater treatment systems. For industries requiring absolutely stable power sources such as precision mechanics, electronics, and semiconductors, the province closely coordinates with the electricity industry to ensure continuous supply.

For strategic projects, Phu Tho prioritizes rapid site clearance, completing infrastructure outside the fence and adjusting investment plans to suit business needs. In particular, for the specific requirements of Korean investors, the province is ready to "design to order" within the legal framework such as tax and land incentives, shortening online procedures, arranging flexible working schedules, meeting "time-to-market" requirements.

Human resources continue to be an important pillar. The province orders training according to Korean business standards, supports recruitment, develops worker housing and essential services; promotes FDI - DDI connections through Supplier Matching Day, consults on ISO/IATF standards and builds shared laboratories and testing rooms to increase the localization rate and reduce logistics costs. After licensing, interdisciplinary working groups continue to accompany each other in aftercare work, promptly handling issues related to labor, environment, procedures and infrastructure so that businesses can confidently expand.

Strategic launch pad to bring Phu Tho into the high-tech value chain

Korean capital has become an important driving force for the province's socio -economic growth. In the new period, the province has identified three key industries to attract Korean investors. The first is auxiliary semiconductors and smart electronics. The province prioritizes attracting businesses in the assembly-test-packaging (ATP) segment, aiming to form a semiconductor industrial complex with advanced technical infrastructure including circulating water, independent renewable energy and an international standard management system. The second is computers, electronic equipment, supporting industries, the province is promoting the development of an electronic - high-tech industrial cluster, focusing on components, camera modules, SMT and high value-added products. The third is electric cars - electric motorbikes - precision mechanics. The province hopes to attract Korean businesses to participate in the electric vehicle value chain from batteries, engines, components, frames, shells to complete assembly, aiming to become the leading green vehicle manufacturing center in the North.

In parallel with the industry orientation, Phu Tho builds the image of a trustworthy - friendly - professional investment destination, based on three core values: Speed ​​- transparency - long-term companionship. Investment promotion activities are proactively deployed through KOTRA, KOCHAM and Korean organizations to increase recognition and strengthen trust.

In addition, the Department of Finance and other departments and branches identified improving the capacity to serve Korean enterprises as a key task, creating a foundation for Phu Tho to continue to be a "fertile land" for Korean "eagles" to develop sustainably.

Van Cuong

Source: https://baophutho.vn/diem-hoi-tu-moi-nbsp-cua-nbsp-cac-nha-dau-tu-han-quoc-243701.htm