Phu Tho Province is rapidly establishing itself as a rising high-tech manufacturing hub in northern Vietnam, as global electronics and semiconductor firms increasingly turn to the region as a strategic base for investment, Viet Nam News reports.

The surge in interest comes amid a broader wave of high-tech investment sweeping across northern Vietnam. In particular, the Thang Long Industrial Park—formerly located in Vinh Phuc but now part of Phu Tho following a recent administrative merger—has become a focal point of industrial development.

One notable project is the UTI high-tech factory, which broke ground in May. Covering four hectares, the facility focuses on the production of electronic components and represents an investment of over VND526bn (approximately $20mn). The project is integrated into the global supply chain of the UTI Group, a major South Korean technology manufacturer.

A strategic Vietnamese partner in the initiative is CNCTech Group, one of the country’s leading firms in precision engineering and industrial real estate. CNCTech is spearheading the development of a 500-hectare industrial zone in Phú Thọ, encompassing 15 individual projects with a combined investment approaching VND9 trillion. These ventures have helped attract nearly $400mn in foreign direct investment.

CNCTech’s long-term vision goes beyond industrial land development. The company is seeking to foster a comprehensive high-tech ecosystem encompassing research, application and advanced manufacturing. This marks a departure from traditional industrial park models, aiming instead to create an integrated, sustainable and innovation-led industrial environment.

Among UTI’s major clients are Samsung facilities located in Bac Ninh and Thai Nguyen provinces the Viet Nam News report adds. UTI is a key supplier of high-tech components such as camera lens covers, fingerprint sensors and smartphone screens. Its existing factory in Thai Nguyen's Diem Thuỵ Industrial Park—established in 2016—currently produces 22mn camera lens covers and nearly 8mn speaker membranes each month.

The collaboration between CNCTech and UTI represents more than just a financial partnership. It also reflects a shared strategic ambition to propel Vietnam further into the global high-tech supply chain the Viet Nam News report continues.

According to Trang Bùi, Country Head of Cushman & Wakefield Vietnam, the country continues to attract global manufacturers and logistics companies thanks to its advantageous geography, competitive costs and developed infrastructure. Gateway provinces like Phu Tho are now gaining prominence as preferred destinations for foreign capital.

Data from the first half of 2025, prior to the administrative consolidation of Vinh Phuc, Hoa Binh and Phu Tho into the expanded Phu Tho Province, showed Vinh Phuc approving 18 new foreign-invested projects totalling $78mn. Additionally, capital increases for 28 ongoing projects added a further $272mn, bringing the total to $350mn—equivalent to 103% of last year’s figure for the same period. Domestic investment also saw a substantial rise, reaching VND2,600bn, up 53% year-on-year.