Vietnam's northern province of Phu Tho attracted about $704 million in foreign direct investment (FDI) capital in the first quarter of 2026, more than seven times higher than the same period last year, according to the provincial People’s Committee.

Meanwhile, domestic direct investment (DDI) also surged, exceeding VND9.6 trillion ($364.5 million), up 139.7% year-on-year, according to a news story reported by the Vietnam News Agency.

The strong growth reflects the effectiveness of the province’s investment promotion efforts. Phu Tho has revamped its approach, expanding outreach both domestically and internationally to diversify partners and markets, while strengthening on-the-spot support for investors from project preparation through to implementation.

Authorities have also stepped up business support to address operational challenges, alongside promptly issuing and refining policies related to investment, land use, housing, site clearance and resettlement.