Phu Tho
In the 2020-2024 period, Phu Tho's economy has grown rapidly and stably, affirming its role as a locomotive for the development of the Northern Midlands and Mountainous Region, maintaining the momentum of integration and strong transformation in many fields.
Phu Tho's average GRDP growth rate in 2020-2024 reached about 7.85%/year, in 2024 reached 9.53% - the highest in 15 years, ranking 3rd/14 provinces in the Northern Midlands and Mountainous Region, among the 10 provinces with the highest growth in the country.
The scale of GRDP (at current prices) in 2024 is 109.2 trillion VND; an increase of over 25 trillion VND compared to 2020, ranked 35th in the country.
The average GRDP per capita in 2024 is 70.7 million VND/person, an increase of 21.3% compared to 2020. State budget revenue in 2024: VND 8,492.6 billion, an average increase of 8%/year.
Total mobilized investment capital for social development in the period of 2020-2024 reached about 185,000 - 190,000 billion VND, an average of over 37,000 billion VND/year, increasing sharply over the years, especially private investment and FDI...
Vinh Phuc
In the period of 2020-2024, Vinh Phuc province's economy has reshaped the growth model towards modernization, extensive industrialization, high-quality services, and synchronous urban development. Vinh Phuc's economy is maintained to be dynamic, flexible, and highly adaptive to domestic and foreign fluctuations.
Vinh Phuc's average GRDP in the 2020-2024 period will reach about 6.0%/year, increasing by 7.52% in 2024 alone, reflecting the strong recovery of the manufacturing and processing industry and urban services after the disruption due to the pandemic.
The scale of Vinh Phuc's GRDP in 2020 reached 124 trillion VND, in 2023 it reached 157.5 trillion VND and in 2024 it reached 173.1 trillion VND, an increase of 1.4 times compared to 2020, equivalent to an increase of more than 49.1 trillion VND, ranking among the 13 provinces with the largest economic scale in the country.
GRDP per capita in 2024 will reach 141.3 million VND/person, 1.24 times higher than the national average (114 million VND/person). State budget revenue is stable at a high level, of which VND 32,593 billion will be reached in 2020 and VND 31,500 billion in 2024, remaining in the group of provinces that self-balance the budget and regulate to the Central Government.
Total investment capital for the development of the whole society in the period of 2020-2024 reached more than 246.7 trillion VND, the investment structure shifted strongly to the private sector and FDI capital, especially in the fields of high-tech industry, industrial park infrastructure and urban services...
Hoa Binh
In the 2020-2024 period, Hoa Binh province's economy has maintained a fairly good growth rate, stabilized the macro economy, improved the investment environment, gradually unleashed new driving forces from infrastructure, industry, tourism and commodity agriculture; the socio-economic structure shifted towards a positive direction, focusing on sustainable poverty reduction, improving quality of life and ensuring social security.
The average GRDP growth rate in the period of 2020-2024 reached about 6.8%/year, in 2024 reached 8.96%, the highest level in the past 10 years.
The scale of GRDP at current prices in 2020 is about 57 trillion VND, in 2023 is about 66.8 trillion VND, in 2024 it is estimated to reach 72.5 trillion VND.
GRDP per capita in 2024 will reach about 81 million VND/person. State budget revenue in 2020 will reach VND 5,050 billion, in 2024 will reach VND 7,560 billion.
Total investment capital for total social development in the period of 2020-2024 will reach 85,000 billion VND, an average of more than 17,000 billion VND/year, focusing on transport infrastructure, urban areas, industrial parks and new rural areas.
According to the Project to merge 3 provinces: Phu Tho, Vinh Phuc, Hoa Binh, the new Phu Tho province will be established on the basis of merging the entire natural area, population size and commune-level administrative unit system of the 3 provinces.
After the merger, Phu Tho province has an area of over 9,400 km2, with a population of about 3.6 million people. The provincial administrative - political center is located in the current city of Viet Tri.
Regarding the arrangement of commune-level administrative units, Phu Tho province plans to reduce 141 units to 66 communes and wards; Vinh Phuc province has 85 units to 36 communes and wards; Hoa Binh province plans to reduce 105 units to 46 communes and wards.
Thus, after the arrangement of commune-level administrative units and the merger of 3 provinces: Phu Tho, Vinh Phuc and Hoa Binh, the new Phu Tho province is expected to have a total of 148 communes and wards.
