Phu Tho Enhancing Investment Environment for Strategic Investors

Phu Tho province is actively implementing measures to enhance investment attraction, build a sustainable business ecosystem, and strengthen its position as an appealing investment destination in the region.

On November 3, 2025, Phu Tho People’s Committee Chairman Tran Duy Dong chaired a conference where the Department of Finance presented the draft plan to attract strategic investors and major economic groups to the province, along with the outline of the plan to improve the investment environment and enhance provincial competitiveness for 2025-2030.

Phu Tho targets top 15 in administration quality by 2026 and top 10 in investment attractiveness from 2027

Expanding strategic investor criteria and prioritizing FDI-DDI linkages

The draft plan to attract strategic investors was created based on an assessment of the province’s development after the administrative merger and by drawing on experiences from other localities to choose solutions suitable for Phu Tho province.

At the conference, delegates agreed on the need to diversify strategic investors, not restricting them to multinational corporations or companies listed among the Global 500 or Vietnam Top 500. The province should also focus on attracting startups and innovative enterprises with technological potential and the capacity to create long-term value.

One key direction emphasized is strengthening linkages between foreign direct investment (FDI) enterprises and domestic enterprises (DDI) to establish sustainable supply chains and increase localization rates. Strategic investors are also expected to commit to long-term investment, contribute to the provincial budget, create jobs, and participate in social welfare activities locally.

In addition to investor selection criteria, delegates proposed practical support measures such as assisting investors with site clearance, enabling small and medium enterprises, supporting industries, or innovative businesses to lease land and infrastructure, and allowing the use of unused public assets to accelerate project implementation. Preparing ready-to-use land and promoting interdepartmental coordination were identified as essential conditions for enhancing Phu Tho’s competitiveness in attracting major economic groups.

Targeting top 10 PCI nationwide by 2030

Alongside attracting strategic investment, Phu Tho is implementing the project to improve the investment environment and enhance provincial competitiveness for 2025-2030, aiming to reach the Top 10 in the national Provincial Competitiveness Index (PCI) by 2030.

Provincial People’s Committee Chairman Tran Duy Dong emphasized the need to design solutions that directly improve business experiences when interacting with state agencies. The project must clearly define objectives, assign responsibilities, and establish evaluation criteria with tangible results for each department. Every task must have a deadline and measurable outputs to track progress.

Phu Tho aims to be among the top 15 provinces for quality of administration by 2026 and to join the top 10 provinces with the most attractive investment environments from 2027. All measures will follow the updated Provincial Competitiveness Index (PCI) and Provincial Green Index (PGI) from the Vietnam Chamber of Commerce and Industry (VCCI) to ensure objective assessment.

To achieve these goals, the province has identified core solutions in a continuous and integrated approach: raising awareness and accountability among leaders and civil servants to create a favorable investment environment; promoting administrative reform with transparency and information disclosure to simplify procedures; accelerating digital transformation in application processing to save time and reduce direct contact; improving business support services in agencies and industrial zones; and completing investment attraction mechanisms to ensure access to land and infrastructure.

Additionally, the province focuses on developing high-quality human resources aligned with business needs and mobilizing investment for key infrastructure projects to provide a foundation for implementation. Strengthening state management throughout the investment process will help track progress and minimize delays.

By Le Hien, Vietnam Business Forum