Phu Tho businesses accelerate production, creating momentum for 2026

In the final months of 2025, the production and business atmosphere across industrial parks and clusters in the province is vibrant. Many enterprises are increasing capacity and organizing flexible production schedules to fulfill signed contracts and prepare goods for the Lunar New Year. This bustle not only reflects the resilience of businesses but also serves as a positive signal for the province’s economic recovery and growth.

At Compal Vietnam Co., Ltd. (Ba Thien Industrial Park), thousands of workers are racing against time to ensure order deadlines. As a 100% foreign-invested enterprise specializing in manufacturing and assembling products for major electronics brands like Dell, Google, and Amazon, Compal Vietnam continues to assert its role as a key growth driver for Phu Tho’s industrial sector. In 2025, many of the company’s business indicators met or exceeded 40% growth year-over-year, maintaining stable jobs and income for nearly 14,000 employees.

Regarding future orientations, Mr. KC Chen, Senior Vice President of Compal Vietnam, stated: "Moving into 2026, the company will continue to expand its production scale, with plans to build additional workshops and recruit approximately 2,000 more workers, bringing our total workforce to nearly 16,000. Alongside expansion, we focus on strictly implementing welfare policies and ensuring social security to retain employees, creating a foundation for sustainable development."

Compal Vietnam workers focus intensely on electronic component assembly lines to meet year-end export deadlines.

Alongside the FDI sector, domestic enterprises in the province also maintained stable operations in 2025. Cosmos 1 Co., Ltd. (Thuy Van Industrial Park, Nong Trang Ward) has completed its production and business targets, securing the supply chain for both domestic and export partners. Currently, the company employs about 1,000 workers in mechanical processing, mold making, and component assembly workshops. The average income for workers ranges from 6 to 10 million VND per month.

A worker at Cosmos 1 Co., Ltd. (Thuy Van Industrial Park) operates machinery in the mechanical workshop, contributing to the steady production pace in late 2025.

Mr. Le Hong Sy, Director of Cosmos 1 Co., Ltd., said: "In 2026, the company will continue to maintain existing orders while recruiting more labor to meet expansion requirements. Instead of downsizing, we focus on training and upskilling our workforce to enhance competitiveness and product quality."

In the garment sector, KLW Vietnam Garment JSC (Binh Xuyen Industrial Park) has also recorded a significant breakthrough. Despite 2025 year being a volatile period for the garment industry due to tariff barriers and protectionist policies in the US market, the company maintained stable production through proactive planning. As a result, over 600 employees are guaranteed jobs with incomes ranging from 12 to 14 million VND per month. By the end of 2025, the company’s growth is estimated to reach approximately 25% year-over-year.

The production lines at KLW Vietnam Garment JSC operate continuously, ensuring stable jobs and income despite challenges in the garment industry.

Working in Compal Vietnam for five years, Ms. Truong Thi Hoa expressed her hope that the company would continue to pay more attention to salaries, bonuses, and social welfare—especially Lunar New Year bonuses—while maintaining job stability in 2026 for long-term commitment. Similarly, Ms. Nguyen Thuy Quynh, a worker at KLW Vietnam, believes that maintaining production and welfare is the motivation for workers to improve their skills and meet the increasingly high demands of export orders.

According to data from the Provincial People’s Committee, by the end of November 2025, production and business activities in Phu Tho remained stable. The Industrial Production Index (IIP) increased by 27.2% year-over-year. Total FDI attraction reached 1.51 billion USD, equivalent to 203% of the same period last year and exceeding the annual target. Domestic investment capital is estimated at 63.6 trillion VND, nearly triple the previous year. As of November 20, 2025, Phu Tho’s economic growth rate is estimated at 10.52%, exceeding the plan, leading the Northern Midland and Mountainous region, and ranking among the highest growth provinces nationwide.

The positive results in late 2025 have created an important foundation for the local government and the business community to confidently enter 2026 with expectations of higher and more sustainable growth.

Nguyen Toan