Industry leads Phu Tho's growth trajectory as agriculture adapts to volatility

Phu Tho has reported a bright socioeconomic picture with strong signs of growth, structural transformation, and rising production capacity. Building on this momentum, the province has set ambitious targets for 2026, aiming for rapid, sustainable development and the creation of new growth drivers.

In 2025, Phu Tho’s economy has maintained a positive growth trajectory, with each quarter outperforming the previous one. The province’s regional GDP is estimated to grow 10.3 per cent on-year, exceeding both its own target and the government’s assigned benchmark (10 per cent). This is also the highest growth rate among all provinces in the midlands and Northern mountainous region. The regional GDP at current prices is estimated at VND409.6 trillion ($16.4 billion), up more than VND53 trillion ($2.1 billion) on-year. GRDP per capita has climbed 13.8 per cent to VND110.7 million ($4,400), equivalent to an additional VND13.4 million ($52) per person.

The economic structure is continuing to shift towards modernisation: industry/construction accounts for 54.6 per cent, services for 32.5 per cent, while agriculture-forestry-fisheries has narrowed to 12.9 per cent. The report stated that industry remains the primary engine of provincial growth. Production across major industrial parks has remained stable, while foreign-invested projects in electronics, precision engineering, and electrical equipment are operating steadily, contributing significantly to overall results.

Summary of key points:

Regional GDP growth of 10.3% year-on-year in 2025, above target and benchmark.
Regional GDP at current prices around VND 409.6 trillion ($16.4 billion).
GRDP per capita up 13.8% to VND 110.7 million ($4,400).
Economic structure shifting toward modern industries: 54.6% industry/construction, 32.5% services, 12.9% agriculture-forestry-fisheries.
Industry remains the main growth engine; stable production in major industrial parks; steady foreign-invested projects in electronics, precision engineering, and electrical equipment.

Авторское резюме: Фактография демонстрирует устойчивый рост и модернизацию экономики провинции, совместившуюся с модернизацией структуры и ростом производственных мощностей в условиях волатильности рынка.

Vietnam Investment Review - VIR — 2025-11-21

More News