Want to be in the loop?
subscribe to
our notification
Business News
PHU THO TARGETS US$1.1 BILLION FDI IN 2026
Workers assemble electronic components at a manufacturing facility in Vietnam - PHOTO: VNA
HCMC – Phu Tho Province aims to attract more than US$1.1 billion in foreign direct investment (FDI) and about VND70 trillion in domestic capital in 2026.
The northern province sees investment attraction as a key growth driver, with a shift from volume to project quality.
In 2025, Phu Tho drew about US$1.51 billion in FDI and nearly US$10 billion in domestic investment. It is currently home to 735 FDI projects worth around US$13.2 billion from 27 countries and territories.
South Korea is the largest investor, with nearly US$5 billion in registered capital, accounting for about 53% of projects and 40% of total FDI. Companies such as Daewoo Bus, Partron Vina, Interflex and Haesung Vina employ nearly 200,000 workers.
A delegation from the Gyeonggi Province Chamber of Commerce and Industry visited Phu Tho earlier this year to assess the investment environment and industrial parks. The visit resulted in several cooperation agreements to support medium- and long-term projects.
Local authorities plan to improve the business environment, accelerate administrative reforms and shorten investment approval times. Digital tools will be expanded in handling procedures for businesses and investors.
The province will prioritize infrastructure development in industrial zones, including transport links to expressways and regional economic corridors. It will also prepare cleared land and upgrade electricity, water and logistics systems to support large projects.
Investment promotion will target strategic partners from South Korea, Japan, Singapore and Thailand, alongside stronger post-licensing support for investors.
Priority sectors include electronics, semiconductors, supporting industries, logistics, renewable energy and green manufacturing, as part of plans to build a more sustainable industrial base.
Source: The Saigon Times
Related News
MEMBER CORNER / PROMOTIONS
VIETNAM'S MANUFACTURING STORY HAS CHANGED IN 2026
Vietnam is no longer attracting investment solely because of its competitive costs. Today, global manufacturers are increasingly choosing Vietnam for its expanding industrial ecosystem, resilient supply chains and growing role in high-value sectors such as semiconductors, electronics and advanced manufacturing.
BANKING / FINANCE / INSURANCE / TAX
VIETNAM NEEDS OVER $200BN FROM STOCK MARKET IN NEXT 5 YEARS
Speaking at the event, Bui Hoang Hai, vice-chairman of the State Securities Commission of Vietnam, said total investment demand in the 2026-30 period is estimated at VND38,000 trillion ($1.4 trillion). The state budget can only provide approximately VND8,500 trillion ($323 billion), or 20 percent, leaving the remaining 80 percent to be sourced from private and international capital.
VIETNAM ECONOMY INVESTMENT
HUNG YEN BUILDS DIGITAL FOUNDATIONS TO DRIVE LONG-TERM GROWTH
From strengthening data infrastructure to developing AI platforms, Hung Yen province is enhancing governance capacity while laying the groundwork for the growth of its digital economy. Hung Yen, about 50-60km southeast of Hanoi, has maintained steady momentum in implementing its digital transformation agenda, creating a stronger foundation for the province to advance science, technology, and innovation.
VIETNAM ECONOMY INVESTMENT
CHINESE INVESTMENT WAVE OPENS NEW DOORS
As Chinese companies move beyond factory relocation to ecosystem-driven investment, Vietnam has a rare opportunity to evolve from a low-cost production base into a strategic node in regional value chains. When global companies first diversified supply chains, the focus was largely on relocating manufacturing capacity.
VIETNAM ECONOMY INVESTMENT
VIỆT NAM STEPS UP EXPORT TO ACHIEVE US$550-BILLION TARGET
Việt Nam is intensifying efforts to sustain export momentum in the second half of 2026 as the country works towards its target of US$550 billion in export revenue for the year, despite continuing uncertainties in global trade. Statistics show that exports reached $266.5 billion in the first six months, meaning the economy needs to generate around $245.5 billion more during the remainder of the year to meet the annual goal.
VIETNAM ECONOMY INVESTMENT
ASIA POWERS VIETNAM’S SHRIMP BOOM, LEAVING THE WEST BEHIND
In the first half of 2026, Vietnam's shrimp exports surpassed the US$2.3 billion mark, driven largely by booming demand from China and a lobster craze. But behind that growth figure lies a lopsided picture: Asia is carrying the load, while the U.S. and Europe have yet to break out. These days, a container of frozen shrimp leaving a Ho Chi Minh City port is more likely to cross the East Vietnam Sea to Shanghai than the Pacific to Los Angeles.
Events Sponsors
