Phu Tho province seeks billions of USD in investment, opening a new growth pole in the Capital region.

The Phu Tho Investment Promotion Conference 2026 attracted nearly 200 large enterprises, announced 175 key projects, and affirmed the position of the Capital Region as a new growth pole after the merger.

On the afternoon of May 29th, in Ho Chi Minh City, the People's Committee of Phu Tho province organized the 2026 Investment Promotion Conference with the theme "Joining Hands to Create - Developing Together," attracting nearly 200 businesses, economic groups, and strategic investors from both domestic and foreign sources.

Chairman of the People's Committee of Phu Tho province, Tran Duy Dong, presented investment policy decisions and investment registration certificates to four projects with a total capital of over 6,600 billion VND and over 45 million USD in additional capital. Photo: CTV

This is Phu Tho province's first domestic investment promotion program after the administrative boundary consolidation, opening up new opportunities for connection between the ancestral land and major economic centers in the South.

Speaking at the conference, Deputy Secretary of the Provincial Party Committee and Chairman of the People's Committee of Phu Tho Province, Tran Duy Dong, affirmed that after the merger of the three provinces of Phu Tho, Vinh Phuc, and Hoa Binh, Phu Tho Province now possesses the full potential, advantages, and development opportunities of all three localities, creating a continuous value chain with many opportunities for strong breakthroughs. The province currently has a natural area of ​​over 9,300 km², a population of approximately 4 million people, and plays a strategic role as a bridge between the Capital Region and the Northwest region. Notably, by 2025, the province's GRDP growth rate is projected to reach 10.52%, ranking 4th nationwide; and the size of the economy is expected to exceed 412 trillion VND, ranking 6th nationwide.

Chairman of the People's Committee of Phu Tho province, Tran Duy Dong, speaks at the conference. Photo: CTV

Not only maintaining high growth momentum, Phu Tho is emerging as an attractive destination for high-tech investment capital. The province currently has 57 industrial parks with a scale of nearly 14,000 hectares, becoming a new hub for the automotive, electronics, and semiconductor industries. In 2025, the province is expected to attract a record $1.6 billion in FDI and nearly $10 billion in domestic investment. In the first five months of 2026 alone, registered FDI capital reached over $1.3 billion, a 3.6-fold increase compared to the same period last year.

Many large projects have chosen Phu Tho as their destination, such as the nearly $500 million electronics manufacturing expansion project by BYD Electronics and the $500 million electronic circuit manufacturing project by Meiko Electronics. Currently, the province has more than 41,000 operating businesses along with 742 FDI projects from 27 countries and territories.

Notably, in 2025, Phu Tho province rose to the top 5 localities with the best economic governance quality in the country, according to the Vietnam Chamber of Commerce and Industry (VCCI). The province is also implementing a "green channel" mechanism to resolve administrative procedures within 24 hours and maintaining the "Businessmen's Coffee" model every Friday morning to directly address difficulties for businesses and investors.

Phu Tho province has signed numerous memoranda of cooperation with major corporations in the fields of trade and agricultural product processing. (Photo: CTV)

At the conference, Phu Tho province announced a list of 175 key projects calling for investment in the 2026-2030 period, while affirming its commitment to sustainable development and not sacrificing the environment for growth. The province publicly disclosed 10 restricted sectors and 12 sectors that will not attract investment, resolutely rejecting projects that pose a potential risk of environmental pollution.

At the 2026 Investment Promotion Conference, the Provincial People's Committee awarded investment policy decisions and investment registration certificates to 4 projects with a total capital of over 6,600 billion VND and over 45 million USD in additional capital; and also signed many memoranda of cooperation with large corporations in the fields of trade and agricultural product processing.

Source: https://congthuong.vn/phu-tho-goi-von-ty-usd-mo-cuc-tang-truong-moi-vung-thu-do-459022.html