Hanoi (VNA) – As the wave of high-tech investment spreads across northern Vietnam, the northern province of Phu Tho is emerging as a new hub for electronics and semiconductor manufacturers.

Launched in May at Thang Long Industrial Park (formerly in Vinh Phuc, now part of Phu Tho province), the UTI high-tech factory project spans 4 ha and specialises in producing electronic components. The project has a total investment of 526.4 billion VND (20 million USD), and is part of a broader supply chain connected to UTI Group, one of the Republic of Korea's leading high-tech enterprises.

As a strategic partner in this project, CNCTech Group, one of Vietnam's leading companies in precision engineering and industrial real estate, has played a key role. CNCTech is developing an industrial zone of 500 ha in Phu Tho and has implemented 15 projects there, with a total investment nearing 9 trillion VND. This has helped attract nearly 400 million USD in FDI.

With a development vision closely tied to infrastructure, supporting industries, as well as talent training, CNCTech is stepping up efforts to build a high-tech ecosystem in Vietnam. CNCTech sees Phu Tho as a “piece of the puzzle” in becoming a strategic hub for global tech giants.

CNCTech aims to develop a “comprehensive high-tech industrial park” integrating research, application, and modern production. The goal is to shift away from traditional industrial park models and establish advanced and sustainable industrial ecosystems.

Among UTI’s major partners are Samsung factories in Bac Ninh and Thai Nguyen provinces. UTI, a major Korean manufacturer of components like camera lens protectors, fingerprint sensors, and smartphone screens, already established UTI Vina in Thai Nguyen's Diem Thuy Industrial Park in 2016. This factory currently produces 22 million camera lens protectors and 7.8 million speaker membranes for smartphones per month.

The partnership between CNCTech and UTI is not only an investment deal but also a convergence of strategic visions for developing Vietnam’s high-tech industries.

With strengths in infrastructure, supporting industries, and talent development, CNCTech lays a strong foundation for the electronics and semiconductor value chain. Meanwhile, UTI brings international experience and cutting-edge technology, helping to modernise the supply chain and establish a high-tech centre in northern Vietnam. This synergy could potentially redefine the “new map” for Vietnam’s high-tech industries over the next decade.

Trang Bui, Country Head of Cushman & Wakefield Vietnam, said Vietnam is becoming a key destination for manufacturers and logistics firms thanks to its strategic location, low costs, and ready-built infrastructure. Gateway provinces like Phu Tho are emerging as magnets for foreign investment.

In the first half of 2025, ahead of its merger with Phu Tho, Vinh Phuc approved 18 new foreign investment projects with a total capital of 78 million USD, along with adjustments to increase capital for 28 ongoing projects by 272 million USD. This brought total FDI in Vinh Phuc to 350 million USD, equivalent to 103% of that in the same period last year. Domestic investment here also rose sharply, reaching 2,600 billion VND in new registrations, equivalent to 153% of the figure a year earlier.

🧸 Following the administrative merger of Vinh Phuc, Hoa Binh, and Phu Tho into the newly formed Phu Tho province, the region is expected to streamline governance and integrate into a unified industrial network, unlocking its development potential. Vinh Phuc brings a robust industrial base, Phu Tho offers rich cultural and tourism resources, and Hoa Binh contributes natural advantages, together forming a powerful engine for growth in northern Vietnam./.