Striving for 13.5% Growth in Q4/2026

On the afternoon of October 13, under the chair of Comrade 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, the Phu Tho Provincial People’s Committee organized a meeting of the Provincial Steering Committee for Macroeconomic Policy Implementation to review the situation in the first 9 months of 2026 and deploy key tasks for the upcoming period.

Attending the meeting were Vice Chairmen of the Provincial People’s Committee; members of the Provincial Steering Committee for Macroeconomic Policy Implementation; alongside leaders of several relevant departments and sectors.

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

Implementing macroeconomic policies, the socio-economic situation in September and the first 9 months of 2026 across the province continued to achieve many positive and comprehensive results. Q3 Gross Regional Domestic Product (GRDP) increased by 9.72%, and the 9-month figure grew by 10.01% year-on-year (ranking 11th nationwide, 2nd out of 9 provinces in the Northern Mid-Mountainous Region, and joining the group of 12 provinces achieving double-digit growth targets).

Vice Chairmen of the Provincial People’s Committee speaking at the conference.

Prominently, total state budget revenue collection reached over 48,000 billion VND, up 9.5% year-on-year; the investment/business environment and private economy were enhanced. Foreign Direct Investment (FDI) attraction reached over 2.4 billion USD, standing at 2.1 times compared to the same period last year. The number of newly established enterprises increased by 2.7%, while businesses resuming operations rose by 6.5% year-on-year.

To date, the entire province has completed 5,381 social housing units (an addition of 409 apartments compared to Q2/2026). The public investment capital disbursement rate as of October 1 reached 62.5% of the target assigned by the Prime Minister, exceeding the national average.

Production, trade, and service sectors registered high growth rates compared to the same period last year. Specifically, the Industrial Production Index rose by 21.5%; total retail sales of goods increased by 17%; credit balance grew by 17.52%; export turnover surged by 48.9%...

Leaders of the Department of Finance reporting on the implementation status of macroeconomic policies across the province.

During the discussion session, delegates contributed numerous key opinions aimed at effectively executing economic development indicators in the final 3 months of the year. The Provincial Steering Committee for Macroeconomic Policy Implementation agreed on the necessity to remain steadfast in goals, act decisively, closely evaluate reality, and flexibly deploy proposed solutions—striving to achieve an overall Q4 growth target of 13.5% to bring full-year growth to 11%.

Leaders of departments and sectors speaking during discussions.

Delivering directive remarks at the conference, Chairman of the Provincial People’s Committee Tran Duy Dong acknowledged the efforts of the Department of Finance in preparing a report that adheres closely to directed orientations and practical developments, effectively serving macroeconomic governance in the province.

To finalize the report for submission to the Standing Committee of the Provincial Party Committee in the upcoming meeting, the Chairman assigned the Department of Finance to absorb conference feedback, coordinating with departments and sectors to perfect the 9-month review and Q4/2026 solution proposal report toward comprehensively assessing tasks, solutions, and implementation progress, while deeply analyzing root causes across each sector and field. From there, formulate decisive management solutions in Q4/2026 to achieve double-digit growth goals.

Among these, pay close attention to reviewing and constructing detailed tables and charts on active policy groups and project execution progress; supplement Q4 projected growth targets for enterprises, forecasting specific output volumes/products in detail and estimating contributions to the province’s added value. On a weekly basis, synthesize project progress and public investment disbursement status to report to the Provincial People’s Committee as regulated.

The Chairman noted that reports must rely on actual data, adhering strictly to circulars, regulations, and guidelines from Central and local authorities—ensuring synchronization and consistency without allowing conflicting figures between reports.

Leaders of departments and sectors speaking during discussions.

The Chairman requested departments, boards, sectors, alongside commune and ward People’s Committees to continue upholding a high sense of responsibility, determined to deploy 2026 socio-economic development tasks synchronously and effectively.

Specifically, focus on decisively executing solutions to promote public investment capital disbursement, ensuring the progress of each project, especially key projects; focus on definitively resolving backlogged projects, contributing to unlocking resources and driving socio-economic development.

Concurrently, maintain financial management discipline, increase state budget revenue, promote production alongside tourism and e-commerce activities, creating favorable conditions for businesses to stabilize production and operations—contributing to successfully fulfilling 2026 goals and targets.

Overview of the conference.

In particular, the Chairman of the Provincial People’s Committee requested leaders of departments, sectors, and localities to elevate their sense of responsibility, proactively staying close to the grassroots level to promptly urge and resolve difficulties for enterprises; strengthening inter-agency coordination and frequently exchanging information to remove emerging real-world obstacles, resolute to fulfill the set macroeconomic scenario.

Dinh Vu