Industrial highlights and investment attraction
After the merger of 3 provinces: Phu Tho, Vinh Phuc and Hoa Binh, the new Phu Tho province with a large population and area, open development space, the fragmented problem of infrastructure, logistics and human resources is solved.
In the first 6 months of 2026, key projects on connecting transport infrastructure and industrial park infrastructure were implemented drastically, ensuring harmonious and synchronous resource allocation between the three regions.
In the Phu Tho area, the province has approved the investment policy for three new industrial parks including Trung Ha II, Doan Hung and Phu Ninh, creating an additional industrial land fund to serve investment attraction.
In Vinh Phuc area, the province has started construction of Phuc Yen Industrial Park; focusing on implementing strategic transport infrastructure projects, striving to complete IC2 and IC5 intersections before June 20, 2027.
Along with that, strive to complete and open to traffic the entire parallel railway line Hanoi - Lao Cai section from Vinh Yen to Hac Tri bridge before the Lunar New Year 2026.
For the Hoa Binh area, focus on implementing inter-regional connection projects such as the Viet Tri - Hoa Binh road connecting the Noi Bai - Lao Cai expressway with the Hoa Binh - Son La expressway; accelerate the progress of the Hoa Binh - Moc Chau expressway, the Hoa Binh - Hanoi linkage route...
According to the official announcement of the Statistics Department on June 30, 2026, Phu Tho's GRDP in the first 6 months of 2026 reached 10.18%, ranking 7th in the country, first in the Midlands and Northern Mountains region and one of 9 provinces and cities achieving double-digit growth; exceeding the Government's target (over 10%) and achieving the growth scenario set by the Provincial People's Committee.
All 3 economic sectors grew quite well. In which, industry - construction increased by 14.89%, especially industry increased by 15.94%, continuing to be the main driving force for growth; export turnover reached 22.04 billion USD...
Regarding budget revenue, as of June 29, 2026, total revenue reached 34.6 trillion VND, nearly 60% of the Provincial People's Council's estimate, an increase of 18.4% compared to the same period; of which domestic revenue reached nearly 31.5 trillion VND, an increase of 20.8%.
In particular, in terms of investment attraction, FDI capital reached nearly 1.8 billion USD, an increase of 4.9 times compared to the same period, exceeding the annual plan; domestic investment capital reached over 700 million USD; the number of newly established businesses increased by 29.1%.
Over the past time, Phu Tho has attracted many large-scale, high-tech projects, typically the project to expand the production of electronic equipment of BYD (China) and the Meiko Yen Quang Electronic Microchip Production and Manufacturing Plant (Japan), each project with a total investment of about 500 million USD.
Constantly creating an attractive business investment environment
To achieve the results of industrial development in particular and economic development in general as above, Phu Tho has always proactively sought domestic and foreign investors, and at the same time improved the investment and business environment in the province.
Not passively waiting for investors to come, Phu Tho has shifted to market approach thinking. Provincial working groups have continuously promoted investment in potential countries such as: China, Korea, Japan...
To attract investors, administrative reform is considered the "golden key". The province has made many progress in streamlining the administrative apparatus, minimizing the implementation time of investment procedures.
The highlight in the above process is the "Green Channel" mechanism. Through this mechanism, all legal procedures and investment licensing for key projects are prioritized for resolution according to specific procedures and shortened time.
As of June 2026, there are a total of 76 projects and groups of projects benefiting from the "green channel" mechanism, of which 5 administrative procedures implement the "24 hour green channel" mechanism, and 18 administrative procedures implement the "50% green channel" mechanism.
In parallel with that, the Provincial People's Committee has created a unique and effective dialogue forum, which is the "Business Coffee" Program.
At the program, the Chairman of the Provincial People's Committee and leaders of departments, boards, and branches directly listened and directed the removal of obstacles of the business community.
Hot" problems such as site clearance, construction material unit prices, access to capital sources...are all directed and assigned specific handling tasks to each department and sector with clear deadlines.
The innovative, flexible and proactive thinking of Phu Tho province has brought impressive economic growth results. These results are a perfect stepping stone for Phu Tho to complete the set goals, especially the double-digit growth target for the whole year 2026.
According to the announcement of VCCI, Phu Tho is in the top 5 localities with the best economic management quality in the country in 2025 (PCI); ranked second nationwide in the Land Access index and in the leading group in the country in terms of constructive government and business support policies.
