In 2025, Phu Tho province’s GRDP growth is estimated at 10.52%, exceeding both the provincial plan and the target set by the government. The province retains the top position in the Northern Midland and Mountainous region and ranks among the four highest-growing provinces and cities nationwide.
The province’s GRDP at current prices in 2025 is estimated at VND412,400 billion, up 15.56%, equivalent to an increase of VND55,500 billion compared to 2024, ranking sixth out of 34 provinces and cities nationwide. The economic structure continues to shift toward industrialization, with industry and construction accounting for 55.4%, services 32.1%, and agriculture declining to 12.5%.
The main driver of growth comes from the industrial sector, particularly processing and manufacturing, supported by the expansion of large-scale enterprises and notable contributions from the FDI sector. The industrial production index (IIP) in 2025 is projected to rise 26.8%, with the fourth quarter alone expected to increase 27.6%, demonstrating strong recovery and resilience.
The province’s electronic component manufacturing remains a key industry. In 2025, the province produced 34 million laptops and tablets, an increase of 74.87%, while revenue from electronic component manufacturing services reached VND314,500 billion, up 38.46%.
Beyond electronics, other major manufacturing sectors continued positive growth. In 2025, the province produced an estimated 40,600 passenger cars under 10 seats, achieving 95% of 2024 output, and 1.66 million motorcycles, reaching 97% of the previous year, despite market shifts toward electric vehicles.
Following the completion of administrative unit mergers, the actual population represents one of the largest domestic consumer markets in Northern Vietnam, forming a strong foundation for robust growth in commerce and services in 2025.
Phu Tho’s total retail sales of goods and revenue from consumer services are estimated at over VND200,000 billion, up 14.8%. The modern trade network continues to expand, with 368 markets, nine shopping centers, 29 supermarkets, and a wide-reaching convenience store system contributing to market stabilization.
These achievements reflect significant efforts by provincial authorities, sectors, localities, and the business community, while also demonstrating the effectiveness of proactive, flexible, creative, and decisive leadership by the Provincial Party Committee, People’s Council, and People’s Committee.
By Le Oanh, Vietnam Business Forum
Vietnamese
