Phu Tho Achieves Economic Breakthrough in the first quarter of 2026

Despite unpredictable global economic fluctuations and unstable supply chains, Phu Tho’s socio-economic results in the early months of the year demonstrate the province’s flexible management, proactive adaptation, and powerful breakthroughs. The most outstanding achievement in the first quarter of 2026 is the province’s ascent to 4th place nationwide in import-export growth, asserting its growing position on the national economic map. This success provides a solid foundation for realizing the breakthrough goals set by the 1st Provincial Party Congress Resolution for the 2025–2030 term.

Mr. 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 — visiting and inspecting R Lens Co., Ltd. in the Da River Left Bank Industrial Park.

Flexible Management as a Foundation for Breakthroughs Following the successful organization of the 1st Provincial Party Congress and the elections for the 16th National Assembly and People’s Councils at all levels (2026–2031), the province has focused on synchronous solutions aligned with Central resolutions.

Under drastic leadership, Phu Tho’s economy in the first quarter of 2026 recorded a GRDP growth rate of over 10%. The industry and construction sector remained the main driver with a 16% increase, contributing 7.5 percentage points to the overall growth. The service sector grew by 8.9%, while agriculture, forestry, and fisheries maintained a stable increase of 2.8%.

CRS Solar Cell Company (Luong Son Industrial Park), specializing in solar panel production, maintains efficient operations through flexible and proactive adaptation.

Notably, the total import-export turnover for the first quarter of 2026 is estimated at nearly 35.9 billion USD, with exports reaching approximately 15.4 billion USD. This result propels Phu Tho into the leading group nationwide, reflecting the effectiveness of its investment attraction strategy, development of manufacturing and processing industries, and international market expansion.

Industrial production maintained impressive momentum with the Index of Industrial Production (IIP) estimated to rise by over 25%. Key products saw sharp increases: floor tiles (up over 50%), laptops (up over 35%), and motorcycles (up nearly 18%). These figures showcase the impact of attracting large-scale, high-tech FDI projects, shaping a modern industrial ecosystem.

Strong Reforms to Drive Investment Parallel to economic growth, the province has focused on improving the business climate. Administrative reforms have enhanced transparency and reduced costs, cutting processing times via the “electronic one-stop” system. In the first quarter of 2026 alone, the province attracted approximately 704 million USD in FDI capital (a sevenfold increase year-on-year) and over 9.6 trillion VND in domestic investment. About 1,400 new enterprises were established, up 47.5%, alongside 450 businesses resuming operations.

Despite market fluctuations, Seyoung INC Hoa Binh Co., Ltd. maintains production, providing stable jobs for local laborers.

The banking and financial sectors remained stable to support the economy, with mobilized capital exceeding 330 trillion VND and outstanding loans reaching over 376 trillion VND. Budget revenue reached 17.1 trillion VND, ensuring the progress of the annual estimate.

Public investment continues to be a priority, with a 2026 total capital plan of over 21.9 trillion VND. Key infrastructure projects, particularly inter-regional transport routes, are being deployed to create developmental spillover effects. The industrial system continues to expand with 30 industrial parks and 63 industrial clusters.

The achievements of the first quarter of 2026 not only reflect a strong economic recovery but also highlight breakthroughs in the province’s leadership and management mindset. Rising to the top 4 in import-export growth is a significant milestone, creating the momentum for Phu Tho to accelerate and break new ground in the coming period.

Manh Hung