Northern Phu Tho province has set a target of posting annual growth of 8.5 per cent during the 2021-2025 period and 12.4 per cent during the 2026-2030 period.

The province will focus on developing three agro-ecological sub-regions and three industrial regions with the development of an additional six industrial parks and 28 industrial complexes, and forming a logistics center in order to fulfill the target.

Speaking at a meeting on February 21 to appraise the province’s planning, Deputy Minister of Planning and Investment Tran Quoc Phuong said Phu Tho has many advantages in economic development. The province is located in the center of Vietnam’s midland and northern mountainous region, at the northwestern gateway of Hanoi and along the Kunming - Lao Cai - Hanoi - Hai Phong - Quang Ninh economic corridor.

However, he also noted that the province’s development has exhibited shortcomings and limitations over the years, and called for careful studies and assessments to deal with these issues.