With the decisive and close guidance of the Provincial Party Committee, the Provincial People's Council, and the Provincial People's Committee, from the very first months of 2026, Phu Tho province has recorded many positive and comprehensive results in the fields of investment attraction, enterprise development, and state budget management.
Investment Attraction achieves outstanding results
In the first two months of 2026, Phu Tho province attracted US$510.8 million in foreign direct investment (FDI), an increase of nearly 3.8 times compared to the same period last year – a significant result reflecting the province's growing attractiveness and prestige on the national investment map. In addition, domestic investment reached over VND 4.7 trillion, an increase of approximately 40% compared to the same period.
Regarding business development, the province saw approximately 830 newly registered businesses, a 60% increase compared to the same period, with a total registered capital of approximately VND 6.7 trillion; about 400 businesses resumed operations. This is a positive sign, demonstrating the confidence of the business community and investors in the province's business environment.
Boosting Public Investment Disbursement and Ensuring Progress of Key Projects
In 2026, the total public investment plan from the state budget allocated to Phu Tho province is VND 21,934.940 billion. From the beginning of the year, the province has focused on directing and strengthening state management of public investment; proactively resolving obstacles related to administrative procedures, land clearance, and construction material sources, ensuring the progress of key projects and works.
The estimated cumulative disbursement by the end of February 2026 is approximately VND 2,000 billion, equivalent to 9.1% of the total allocated capital plan and 10% of the plan assigned by the Prime Minister (VND 19,908.540 billion). Given the large volume of work, this is a remarkable achievement, demonstrating the proactive and responsible spirit of the investors, as well as the province's strong political determination to inject capital into the economy quickly and effectively, creating momentum for growth right from the beginning of the year.
Budget revenue increased significantly; Budget expenditure was managed economically and strictly
The management of state budget revenue and expenditure was carried out flexibly, effectively, and in accordance with regulations. The Provincial People's Committee assigned the 2026 budget revenue and expenditure estimates to all levels, at the same time, directed relevant departments and localities to implement comprehensive solutions to promote production and business, creating sustainable revenue sources for the budget.
The tax authorities actively disseminated tax policies and laws, supported taxpayers, promptly resolved difficulties, and vigorously urged the collection of personal income tax, corporate income tax, land tax, fees, and charges.
State budget revenue in the province in the first two months of the year is estimated at VND 13.25 trillion, equivalent to 23.8% of the central government's estimate and 22.8% of the provincial People's Council's estimate. Of which, domestic revenue reached VND 12.45 trillion (equivalent to 25.2% of the estimate). Revenue from import and export activities reached 800 billion VND (equivalent to 13% of the projected amount). Budget expenditures were managed economically and for the right purposes, ensuring the fulfillment of regular and development investment expenditures.
Continuing to improve the investment environment and develop the private economy
Alongside the tasks of finance and investment, Phu Tho province continues to promote administrative procedure reform and improve the investment and business environment. The province has implemented the Action Plan to implement Government Resolution No. 02/NQ-CP; concretizing Resolution 68-NQ/TW on the development of the private economy with practical programs and plans suitable to the local conditions.
Labor and employment work is given attention and implemented synchronously through regular, mobile, and online job transactions; strengthening counseling and connecting labor supply and demand, contributing to creating new jobs and stabilizing people's lives.
Key tasks in the coming period
Building on the achievements, in the coming months, Phu Tho province has identified several key tasks to focus on: accelerating the implementation and disbursement of public investment capital; Strengthen inspection and supervision, promptly resolve difficulties and obstacles for key projects; improve the efficiency of investment capital utilization. Simultaneously, decisively direct the collection of state budget revenue; strengthen revenue management, combat revenue loss, practice thrift, and prevent waste in budget management and utilization.
In addition, the province continues to promote administrative procedure reform, creating all favorable conditions to quickly resolve investment procedures; regularly organize dialogues with businesses and investors; fully prepare the necessary technical infrastructure to attract domestic and foreign investment; support and create conditions for projects already in operation to continue increasing production and business efficiency.
With the positive results achieved right from the beginning of the year, Phu Tho province is creating an important and solid foundation to successfully complete the socio-economic development goals and targets for 2026, maintaining and further boosting growth momentum in the coming months.