Phu Tho Accompanies Businesses to Drive Double-Digit Growth

On the afternoon of October 12, Phu Tho province held a meeting on the occasion of Vietnamese Entrepreneurs' Day (October 13) themed “Businesses Accompany – Phu Tho Develops.”

Attending the event were Comrades: Pham Dai Duong — Member of the Party Central Committee, Secretary of the Provincial Party Committee, and Head of the Provincial Delegation of National Assembly Deputies; Tran Duy Dong — Alternate Member of the Party Central Committee, Deputy Secretary of the Provincial Party Committee, and Chairman of the Provincial People’s Committee; Bui Van Quang — Permanent Deputy Secretary of the Provincial Party Committee; Bui Duc Hinh — Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People’s Council; Bui Huy Vinh — Deputy Secretary of the Provincial Party Committee; alongside leaders of departments, sectors, units, and over 600 delegates representing the local business and entrepreneur community.

Provincial Party Secretary Pham Dai Duong speaking at the conference.

Chairman of the Provincial People’s Committee Tran Duy Dong speaking at the conference.

Leaders of the Provincial Party Committee, People’s Council, and People’s Committee presenting flowers to congratulate the Provincial Business Federation.

Following consolidation, Phu Tho boasts an expanded development space connecting the Capital Region with the Northwestern gateway, creating favorable conditions for businesses to expand investments, link production, and develop markets.

The entire province hosts over 42,000 registered operating enterprises. During the first 9 months of 2026, nearly 3,900 new enterprises were established, and nearly 860 resumed operations; Foreign Direct Investment (FDI) attraction reached nearly 2.5 billion USD, while domestic investment capital reached nearly 84,000 billion VND.

These efforts from the business community contributed significantly to the province’s socio-economic development results. 9-month GRDP increased by 10.01%, ranking 11th out of 34 provinces and cities; exports reached over 39 billion USD, up nearly 49% year-on-year; state budget revenue in the area reached over 48,000 billion VND, equivalent to 82.7% of the annual estimate.

Provincial Party Secretary Pham Dai Duong awarding the Prime Minister’s Certificate of Merit to the Phu Tho Provincial Business Federation.

Provincial Party Secretary Pham Dai Duong awarding the Prime Minister’s Certificate of Merit to Than Ha Trading and Construction Co., Ltd.

Speaking at the event, Provincial Party Secretary Pham Dai Duong and Chairman of the Provincial People’s Committee Tran Duy Dong acknowledged and commended the contributions of entrepreneurs and businesses in maintaining production, expanding markets, creating jobs, caring for workers, and ensuring social welfare.

They emphasized that to complete the 11% growth target for 2026, the province needs to achieve a 13.5% growth rate in Q4; while continuing to strive for an 11% growth rate in 2027. This task requires determination and consensus across the entire political system and business community.

Chairman of the Provincial People’s Committee Tran Duy Dong awarding Emulation Banners to collectives with outstanding achievements.

To achieve the set targets, Provincial Party Secretary Pham Dai Duong requested businesses to construct long-term strategies, elevate competitive capacity, and develop strong brands; pioneer innovation, digital transformation, and green transition; and strengthen linkages between domestic enterprises and FDI firms.

Concurrently, attention must be paid to corporate culture, safeguarding workers' rights, upholding the rule of law, protecting the environment, and fulfilling social responsibilities.

For Party committees and local authorities, he requested the concretization of Central resolutions and conclusions; reviewing the Double-Digit Economic Growth Scheme, aligning targets with projects, resources, responsibilities, and execution timelines.

At the same time, focus on resolving difficulties for key and backlogged projects; accelerating disbursement to strive to complete 100% of the public investment capital plan; elevating official duty performance quality, maintaining dialogue, and resolving business petitions in a timely manner.

Permanent Deputy Secretary of the Provincial Party Committee Bui Van Quang awarding Certificates of Merit from the Chairman of the Provincial People’s Committee to collectives with outstanding achievements in the 2025 Patriotic Emulation Movement.

Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People’s Council Bui Duc Hinh awarding Certificates of Merit from the Chairman of the Provincial People’s Committee to collectives with outstanding achievements in the 2025 Patriotic Emulation Movement.

Deputy Secretary of the Provincial Party Committee Bui Huy Vinh awarding Certificates of Merit from the Chairman of the Provincial People’s Committee to collectives with outstanding achievements in the 2025 Patriotic Emulation Movement.

Emphasizing the goal of an average growth rate of 11–12%/year for the 2026–2030 period—becoming one of the Capital Region’s growth poles by 2030 and aiming to become a centrally governed city by 2045—the Chairman of the Provincial People’s Committee affirmed that the province will focus on executive management based on 5 core pillars: “Discipline – Creation – Unlocking – Connection – Breakthrough”; taking business growth, economic competitiveness, and residents' living standards as measures of efficiency.

The Chairman expressed his wish for businesses to continue innovating technology, improving governance capacity, expanding markets, and participating more deeply in value chains; proactively offering suggestions to remove bottlenecks and exploit growth space. The Provincial Business Federation and associations must leverage their bridge role with authorities, promptly reflecting difficulties, and elevating support quality for members regarding legal, technological, human resource, and market aspects.

Chairman of the Phu Tho Provincial Business Federation Nguyen Van Hung speaking at the conference.

At the program, 2 collectives received Certificates of Merit from the Prime Minister for achievements in accompanying, supporting businesses, and contributing to the community during the 2021–2025 period. The Provincial People’s Committee awarded Emulation Banners to 7 collectives; the Chairman of the Provincial People’s Committee presented Certificates of Merit to 44 collectives with outstanding achievements in the 2025 Patriotic Emulation Movement.

Businesses contributing to social welfare and the fund for the poor at the program.

Le Minh