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Half-term to implement a breakthrough in improving the investment and business environment

Resolution of the 19th Phu Tho Provincial Party Congress, term 2020 - 2025, identifies a breakthrough as strongly improving the investment and business environment. After half a term implementing the Resolution, quite comprehensive results have been achieved, making important contributions to the province’s socio-economic development.

Half-term to implement a breakthrough in improving the investment and business environment

The resolution concretizes the three breakthrough stages of the Resolution of the 13th National Party Congress and ensures the practicality and development requirements of the province in the current period; in particular, 5 specific targets have been identified which are the growth rate of GRDP in the period of 2021 - 2025 being 7.5%/ year or more; agricultural economic structure 18%; industry - construction 40.5%; services 41.5%. Total investment capital mobilized 160 trillion Vietnam dong, creating new jobs for 40-50 thousand employees; continue to improve the PCI, PAR Index; SIPAS, PAPI. To realize the above goals, the Resolution proposes 7 main groups of tasks and solutions.

Implementing the breakthrough in the spirit of the Congress Resolution, the Provincial Party Committee, People’s Council, and People’s Committee have led and directed all levels, branches, localities, and units to concretize with specific programs, plans, and projects; clearly define goals, tasks, and solutions to focus and unify implementation. In particular, the Provincial Party Committee issued Resolution No. 61-NQ/TU dated October 13, 2021 on strongly improving the investment and business environment. This is an important basis to mobilize and attract resources for development investment and promote the province’s potentials and advantages for rapid and sustainable socio-economic development. Immediately after that, the Provincial People’s Committee issued Plan No. 5246/KH-UBND dated November 11, 2021, concretizing the Resolution into 8 main solution groups and 33 specific tasks.

Half-term to implement a breakthrough in improving the investment and business environment

Promoting investment; meeting and having dialogues with businesses to grasp and clear “bottlenecks” have brought positive results. In addition to organizing on-site meetings and working with businesses and investors, the Provincial People’s Committee has organized working groups to participate in investment and trade promotion activities in the United States, Canada, China and some European countries to attract strategic investors, creating conditions for investors to seek investment opportunities in the province. From the beginning of the term until now, there have been 2,150 newly established enterprises, with a total registered capital of more than 30.3 trillion Vietnam dong. Accumulated up to now, the whole province has 11,083 enterprises, reaching 100.8% of the target set by the Resolution of the 19th Provincial Party Congress.

The mobilization of resources for development investment has been strengthened and achieved good results. Total investment capital for development in 3 years (2021 - 2023) is estimated at 118.7 trillion Vietnam dong, reaching 74.2% of the target for the whole period. In 3 years, it has attracted 472 Domestic Direct Investment (DDI) projects, with the registered capital of 51 trillion Vietnam dong; 77 foreign direct investment (FDI) projects, with the registered capital of 1,326 million USD (new investment and additional capital); The average scale of one DDI project is over 188 billion Vietnam dong (an increase of 27.7 billion Vietnam dong), the average scale of one FDI project is over 33.8 million USD (an increase of 24.2 million USD compared to the previous period). Thanks to that, socio-economic infrastructure, especially transportation infrastructure, has been upgraded; The appearance of urban and rural areas is increasingly becoming spacious and modern.

Promoting the results achieved and overcoming limitations in the past half term, in the coming time, all levels, branches and localities in the area will continue to focus on synchronously and effectively implementing the tasks and solutions of Resolution 61-NQ/TU. In particular, focusing on a number of main tasks and solutions such as organizing the implementation of the Provincial Planning for the period 2021 - 2030, with a vision to 2050 after being approved by the Prime Minister; Adjusting the general planning of Viet Tri city and Phu Tho town until 2040; Reviewing and adjusting urban planning, industrial parks, industrial complexes, land planning as well as related mechanisms and policies on investment; effectively exploiting the dynamic belt of Bac Giang - Thai Nguyen - Phu Tho associated with the Capital Region... striving to successfully implement the goals set by the Resolution 61-NQ/TU and the Resolution of the 19th Provincial Party Congress, building Phu Tho as the top developed province in the Northern Midlands and Mountains.

Pham Quang Minh


Pham Quang Minh

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