Industrial development plays a "leading" role.

Building upon a long-established industrial foundation and leveraging new advantages following the merger, Phu Tho is poised to break through and become a key industrial growth hub in the Northern Midlands and Mountains region. With a focus on developing modern, green industries, enhancing technological content and added value, industry continues to be identified as the pillar driving economic restructuring, creating momentum for achieving rapid and sustainable growth.

Manufacturing motorcycle components at Piaggio Vietnam Co., Ltd.

Industry provides the impetus for economic growth.

Phu Tho is witnessing a strong shift in its economy towards industrialization and modernization. Industry not only contributes directly to GRDP growth but also creates a ripple effect on trade, services, urbanization, and improves the quality of employment.

According to provincial statistics, in the first five months of 2026, the industrial production index (IIP) for the entire sector increased by 24.69% compared to the same period last year. This is a high growth rate, reflecting the strong recovery of production activities and the new impetus of key industries. In particular, the processing and manufacturing industry continued to play a major driving role, with a growth rate of 25.63%. This sector generates significant added value, making an important contribution to economic restructuring and enhancing the province's competitiveness. Many key industrial products recorded impressive growth rates: laptops increased by 47.2%; electronic component manufacturing services increased by 33.3%; various types of beer increased by 22%; cement increased by 21.9%; motorcycles increased by 14.6%, etc.

These figures show that Phu Tho's industry is developing in a multi-sectoral direction, with high-tech products, electronics, and components gradually becoming new pillars alongside traditional manufacturing industries. In particular, the strong growth of the electronics sector reflects the shifting trend of global manufacturing supply chains. As businesses seek locations with good infrastructure, a stable investment environment, and regional connectivity, Phu Tho is gaining more opportunities to participate more deeply in the international production network.

Along with the increase in production scale, the quality of jobs in the industrial sector has also improved. According to statistics, the number of workers employed in industrial enterprises in May 2026 increased by 10.6% compared to the same period, showing that industry is creating more stable jobs, contributing to increased income and the shift in the local labor structure. By expanding the industrial development space in terms of scale, land area, and ecosystem, Phu Tho is creating a foundational connection between regions to form a continuous value chain. This strategic move helps the locality strongly attract FDI capital, enhance competitiveness, and accelerate the process of sustainable economic restructuring.

In the first five months of 2026, the province licensed 15 new FDI projects with a total registered capital of US$307.2 million, a 3.5-fold increase compared to the same period last year. This signals the attractiveness of the investment environment, especially in the context of international capital flows shifting strongly towards localities capable of meeting requirements for infrastructure, human resources, and green production.

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Besides the FDI sector, the domestic business sector has also seen positive development, with the province attracting 36 domestic direct investment (DDI) projects with a total registered capital of VND 12,421 billion. The increase in both investment sectors shows that Phu Tho's business environment is creating new confidence, as both domestic and international businesses see long-term development potential.

To lay the foundation for a new growth cycle, the province is focusing on improving industrial park infrastructure, reforming administrative procedures, accelerating land clearance, and enhancing the quality of business support services. Simultaneously, public investment resources continue to be used as a "lever" for development. Total investment from the state budget managed by the locality in the first five months of 2026 reached approximately VND 8,132.3 billion, an increase of 2.9% compared to the same period, focusing on transportation projects, technical infrastructure, and foundations for production.

Towards a green, modern, and in-depth industrial sector.

A key shift in Phu Tho's current industrial development orientation is the movement from focusing on attracting investment in quantity to developing a high-quality industrial ecosystem.

A modern industrial park needs not only many factories, but also the ability to create linkages between FDI enterprises, domestic enterprises, training facilities, and support service systems. This is the foundation for forming a production value chain, increasing the localization rate, and retaining more added value in the local economy. Mr. Hoang Long Bien, Head of the Provincial Industrial Parks Management Board, said: According to the development orientation, the province prioritizes attracting sectors that can create long-term momentum such as electronics, component manufacturing, supporting industries, precision mechanics, smart manufacturing, and energy-saving industries. These are also sectors that are in line with the trend of restructuring global supply chains, as businesses increasingly demand high standards in technology, management, and environmental standards.

In reality, industrial competition today is no longer based solely on land availability or labor costs. Sustainable competitive advantage depends on the quality of infrastructure, innovation capacity, the ability to supply skilled technical personnel, and the readiness of the locality to meet new production demands.

Therefore, along with the development of industrial parks, Phu Tho is shifting its focus from expanding scale to improving the quality of growth. The province prioritizes training and improving the quality of human resources to meet the requirements of modern production; promoting businesses to apply technology, digital transformation, innovate management methods, and gradually enhance competitiveness. This also serves as a foundation for domestic businesses to participate more deeply in the supply chains of corporations and high-tech industrial projects, creating a sustainable development impetus for the local economy.

A long-term requirement is to enhance the role of domestic enterprises. As businesses within the province participate more deeply in high-value-added stages, local industries will gradually shift from processing and assembly to mastering technology, developing products, and increasing productivity. Along with the requirement for technology, green industry is becoming a new standard in attracting investment. Efficient energy use, emission reduction, application of clean technologies, and building sustainable production models not only meet environmental requirements but also determine the ability to participate in the international market in the future.

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The essence of Phu Tho's "leading" role for industry lies not only in the rate of production growth, but also in its ability to create a shift in the economic structure towards modernization. Industry is expected to become a pillar generating stable revenue, increasing labor productivity, forming a production-service ecosystem, expanding the job market, and promoting urban development. Accordingly, industrial development is not just about attracting projects, but about creating a foundation to enhance the province's competitiveness and economic position in the new era.

With a growing manufacturing base, expanding investment flows, and a focus on in-depth development, industry is becoming a central force in Phu Tho's economic restructuring process. More than just a key economic sector, industry is playing a pioneering role in paving the way for a new, faster, more efficient, and more sustainable growth model.

Ngoc Tuan

Source: https://baophutho.vn/phat-trien-cong-nghiep-voi-vai-role-dan-dat-256343.htm