8:41:08 AM | 6/25/2026
Recently, Phu Tho Province held an investment promotion conference in Madrid, Spain. At the event, the province highlighted its competitive advantages, development potential, and priority sectors for investment attraction in the next phase. Interest from Spanish businesses in high-tech industries, logistics, environmental services, and sustainable development is expected to create new opportunities to attract high-quality investment to the province.
Phu Tho Provincial Party Deputy Secretary Bui Huy Vinh (L) presents a souvenir to Ambassador Doan Thanh Song
Showcasing potential, expanding opportunities
In his opening remarks at the conference, Phu Tho Provincial Party Deputy Secretary Bui Huy Vinh said that following the merger, the province has gained a larger development space, creating greater opportunities for growth and investment attraction. In the first quarter of 2026, total state budget revenue reached approximately VND15.9 trillion, up 25% year on year. Development investment capital increased by 11.6%, while the industrial and construction sector remained the main driver of growth, accounting for about 46.58% of GRDP.
In particular, according to the 2025 Provincial Competitiveness Index (PCI), Phu Tho ranked among the top five localities nationwide for economic governance quality. The province placed second in the “Access to Resources” index and was among the leading localities for proactive governance and business support policies. These results are viewed as positive indicators of the province’s efforts to improve the investment environment, strengthen competitiveness, and support businesses.
Priority sectors for investment attraction in Phu Tho during the 2026-2030 period include high-tech industries, electronics, semiconductors, artificial intelligence (AI), precision engineering, new materials, and renewable energy. The province is also seeking investment in multimodal logistics infrastructure, free trade zones (FTZs), resort and sports tourism, and international-standard golf course projects.
Doan Thanh Song, Ambassador of Vietnam to the Kingdom of Spain, highlighted Phu Tho’s development potential, particularly its strategic location and transport connectivity. Following the merger, the province has become not only a key center of the Northern Midland and Mountainous region but also an important hub along transport routes linking Hanoi with the Northwest and the economic corridor connecting to Southwest China, creating favorable conditions for industrial, logistics, and service development.
Phu Tho provincial leaders meet with Spanish business representatives at the investment promotion conference in Madrid
Spanish enterprises interested in high-tech and logistics sectors
Providing an overview of the province’s investment environment, Vice Chairman of the Provincial People’s Committee Nguyen Khac Hieu said that with its growing economic scale, well-developed industrial zones, abundant workforce, and a range of investment incentives, Phu Tho has many of the conditions needed to become a new growth center for the Capital region and the Northern Midland and Mountainous region.
The province is prioritizing investment in high-tech industries, green industry, supporting industries, modern logistics, renewable energy, environmental services, high-quality education and training, and large-scale tourism projects.
During the discussion session, Manrio Pita Da Verde, a representative of the Subdirectorate-General for Europe, Asia and Oceania at Spain’s Ministry of Economy, Trade and Business, noted that Spanish businesses have a growing interest in green industries, high-tech sectors, and sustainable development opportunities.
Meanwhile, Sara Plaza Garcia, a representative of the Spanish Confederation of Business Organizations, said many member companies are interested in sectors such as railway transportation, logistics infrastructure, waste and wastewater treatment, and environmental technologies. She noted that these areas offer strong potential for future cooperation between Spanish businesses and Phu Tho Province.
Responding to the comments and proposals raised during the conference, Vice Chairman Nguyen Khac Hieu said the input from Spanish enterprises and organizations would help the province further refine its investment attraction policies, strengthen international cooperation, and create a more favorable environment for investors exploring opportunities in Phu Tho.
By Le Hien, Vietnam Business Forum
