Eastern Phu Tho region:
An attractive destination for investors.
Over the years, the eastern region of the province has become a bright spot for attracting investment and a successful investment destination for many businesses. To achieve outstanding results in attracting investment and industrial development, the former Vinh Phuc provincial government focused on improving planning, land clearance, infrastructure development, transportation, and human resource quality; building a transparent and flexible investment environment and policies; and strengthening information dissemination and promotion of the region's image, advantages, and potential. A clear testament to the region's success is the welcoming of many large enterprises and corporations, including major players such as Toyota, Honda, Piaggio, and more recently, technology companies from South Korea, Japan, and the United States. Currently, there are 526 active investment projects in industrial parks in the eastern region, including 134 domestic projects with a total investment of over 24,300 billion VND. 392 FDI projects with a total investment capital of over 7.1 billion USD.
Thang Long Vinh Phuc Industrial Park - an attractive destination for many domestic and foreign investors.
The success in attracting investment and developing industry in the eastern region not only plays a crucial role in the province's economic growth but also creates jobs for nearly 150,000 local workers, contributing to improving people's living standards. During the 2020-2025 period, the province's average economic growth rate is projected to reach 7.5% per year, higher than the average for the 2016-2020 period (7%) and higher than the national average (6.2%). It is expected that the size of the economy in 2025 will reach VND 390 trillion, 1.56 times larger than in 2020; the average GRDP per capita in 2025 is estimated at VND 105.2 million, an increase of 1.48 times compared to 2020.
Ready to welcome the new wave of investment
According to the plan, the eastern region of the province has 29 industrial parks, with a total area of over 5,489 hectares. To date, 17 industrial parks have been established and granted investment registration certificates, with a total area of over 3,142 hectares, a total registered investment capital of over 246 million USD and 17,660 billion VND. As of the end of June 2025, the disbursed capital for infrastructure investment in industrial parks reached over 130 million USD for FDI projects (52.7% of registered investment capital), and for domestic projects reached over 7,329 billion VND (41.5% of registered investment capital). These are advantages that enable the eastern region to proactively and readily welcome investment waves.
In fact, industrial parks in the eastern region, such as Ba Thien II, Khai Quang, and Thang Long Vinh Phuc, are constantly expanding and upgrading to welcome new investment waves. Fields such as electronic component manufacturing, automated equipment manufacturing, automotive technology, robotics, and AI are gradually replacing traditional industries.
Industrial parks in the eastern region are also oriented towards industrial development linked to smart, green, and sustainable urban planning. New industrial parks are designed according to the industrial park-city-service model, aiming to attract high-quality human resources and create favorable living and working conditions for experts and workers. At the same time, they promote the development of research and development (R&D) centers, cooperating with institutes, universities, and FDI enterprises to gradually form an innovation ecosystem, making high-tech industries a pillar of the economy.
Mr. Trinh Van Quang, Director of Project Development at Vina CPK Joint Stock Company, the investor in the infrastructure of Ba Thien II Industrial Park, said: "Entering a new phase, businesses have made thorough preparations to be ready to seize new opportunities and maximize the advantages of the newly merged province. Infrastructure investors hope that the new provincial government will continue to cooperate and share with businesses, especially in compensation and land clearance. Vina CPK believes that the new province will provide a transparent, attractive environment with rich development potential for infrastructure investors and businesses wishing to invest in Phu Tho."
Mr. Hoang Long Bien, Head of the Provincial Industrial Parks Management Board, shared: With its potential, advantages, strategic vision, and decisive actions, the eastern region of the province is increasingly asserting its role as a dynamic, transparent, and sustainable investment destination on the economic map of Vietnam. To create more room for industrial development in this area, in the coming time, the province will strengthen its efforts to gather information, promptly resolve difficulties and obstacles, and create favorable conditions for investors to accelerate the completion of industrial park infrastructure, bringing projects into operation according to plan, especially industrial parks that have received investment approval from the Prime Minister and industrial parks planned for high-tech development.
In line with the socio-economic development orientation, the eastern region of the province continues to play a leading role in industry and services, while also pioneering in improving the investment environment, pursuing a green and sustainable growth model, contributing to creating a solid foundation for the long-term development of the Northern Midlands and mountainous region.
Tran Tinh
Source: https://baophutho.vn/the-manh-nbsp-thu-hut-dau-tu-va-phat-trien-nbsp-cong-nghiep-239062.htm
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