On August 14, 2026, the northern province of Phu Tho officially launched a large-scale complex of five strategically important projects in Thinh Minh Commune. Total investment in the development of this territory stands at 7.596 trillion VND ($290 million).
The projects, covering a total combined area of 592 hectares, have successfully passed all required state approval stages. In particular, issues regarding land use and environmental impact assessments were settled, and all necessary permit documentation was obtained, allowing the projects to transition into the active construction phase.
The largest component of the emerging industrial and urban cluster is the Thinh Minh Industrial Park, occupying an area of nearly 430 hectares. Over 4.8 trillion VND ($182 million) has been allocated for its establishment.
According to the approved plan, the site will be developed as an eco-industrial park. Priority will be given to attracting high-tech manufacturing and enterprises that meet strict international environmental safety standards.
The infrastructure chain is complemented by the Thinh Minh 1 Industrial Cluster, which covers an area of over 72 hectares. Investment in this project amounts to approximately 575 billion VND ($22 million). Its launch is designed to expand the capabilities of the local industrial sector and strengthen regional supply chains.
An important social component of the project is the Phu My residential complex, which will occupy an area of over 87 hectares. Nearly 1.7 trillion VND ($65 million) has been allocated for its implementation, enabling the creation of a modern green urban area with well-developed commercial and service infrastructure.
To ensure comfortable living conditions for employees and support talent development, the construction of the 2.79-hectare Phu My social housing project is provided for. Investment in this sector totals around 400 billion VND ($15.3 million).
Additionally, the Thinh Minh Commune water supply system, valued at 114.5 billion VND ($4.4 million), is integrated into the complex's structure. It will ensure a stable supply of clean water for both industrial enterprises and the needs of the growing urban population.
A key highlight of the groundbreaking ceremony was the signing of several strategic cooperation memorandums by the investor consortium. The agreements cover critical areas such as implementing sustainable development principles, developing renewable energy sources, training a highly skilled workforce, and promoting the province's investment potential.
The high commercial attractiveness of the site was confirmed by the signing of letters of intent with the first 13 investors. All of them have already announced their readiness to implement their projects within the two industrial facilities of the complex.