Phú Thọ Province sets an ambitious 11% economic growth target for 2026.
The Standing Committee of the Phú Thọ Provincial Party Committee has outlined an economic growth scenario for 2026. In 2025, the province’s economic growth rate is estimated at 10.52%, surpassing both planned targets and government expectations. This positions Phú Thọ as the leading province in the Northern Midlands and Mountainous Region.
Building on this success, the committee aims to establish Phú Thọ as a key growth hub in the western region of Hanoi and the entire Northern Midlands and Mountainous Region by 2026. The industrial and construction sectors are projected to remain the primary growth drivers, with an anticipated increase of 16%. The service sector is expected to grow by 9%, while agriculture, forestry, and fisheries are forecasted to rise by 3.5%.
This economic structure is poised to deliver a robust GRDP growth rate in 2026, laying a solid foundation for future socioeconomic development.
Agriculture, forestry, and fisheries sectors aim for a 3.5% growth.
A key factor in Phú Thọ’s ambitious growth plan is the anticipated global economic recovery and expanding trade opportunities in 2026. These favorable conditions are expected to boost industrial orders, production expansion, and output.
In 2025, 75 industrial projects commenced operations within the province. By 2026, an additional 79 projects are slated to complete investment procedures and begin operations. Many of these projects are large-scale, employing advanced technologies in sectors such as electronics, optics, precision mechanics, construction materials, and industrial processing.
Existing manufacturing facilities are also expanding production capacities. Key products like electronic components, laptops, automobiles, motorcycles, tiles, fertilizers, and electricity are expected to see significant output increases compared to 2025.
Phú Thọ’s service and tourism sectors target a 9% growth.
The industrial and construction sectors are projected to generate approximately 111 trillion VND in added value (2010 constant prices) in 2026. Industrial production is expected to rise by 18.7%, with industrial added value increasing by 16.5%, contributing roughly 7 percentage points to the province’s overall GRDP growth.
Agriculture, forestry, and fisheries remain vital for socioeconomic stability and rural livelihoods. Phú Thọ continues to restructure production towards concentrated commodity zones, deep processing, and value chain development. Key products like tea, pomelo, oranges, bananas, livestock, poultry, cage aquaculture, wood, and wood products are being enhanced to increase value.
In 2026, the agriculture, forestry, and fisheries sectors are expected to achieve an added value of 23.9 trillion VND (2010 constant prices), a 3.5% increase from 2025, contributing approximately 0.36 percentage points to the province’s GRDP growth.
Industrial and construction sectors remain the primary growth drivers in Phú Thọ.
The service sector is also expected to grow positively, particularly in trade, transportation, accommodation, food services, tourism, and production support services. Improved employment and income levels are anticipated to boost consumer demand, further stimulating service sector growth.
In 2026, the added value of service and tourism sectors is projected to reach 63.5 trillion VND (2010 constant prices), a 9% increase from 2025, contributing approximately 2.37 percentage points to the province’s overall growth.
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