According to the Department of Planning and Investment of Thai Nguyen, although in the first 8 months of 2023, the industrial production indexes in the province were lower than the same period, it is still one of the top localities in terms of export, investment attraction, and job creation for workers.
Accordingly, in the first 8 months of 2023, the output of Thai Nguyen's product groups is estimated to reach over 60% of the annual plan, such as clean coal mining over 932,000 tons (reaching 62.2% of the plan); garment reaching 70 million products (reaching 65.3%); tungsten and tungsten products 15,000 tons (reaching 71.1%). Total retail sales of goods and services in the province in the first 8 months is estimated at VND 44,378 billion (up 30.5% over the same period).
To achieve the above results, enterprises always try to maintain production and business activities to generate revenue, create stable jobs for hundreds of thousands of workers and fulfill financial obligations to the State.
It is forecasted that in the fourth quarter of 2023 and 2024, businesses will continue to face many difficulties and challenges. To ensure the lives and jobs of workers, businesses in Thai Nguyen province are struggling to find investment directions and customers to maintain and develop.
According to Mr. Ngo Trung - Director of Lam Khai Company, the biggest difficulty is still capital. Although the Government has had many solutions to remove difficulties for businesses and the State Bank has implemented many solutions to support the unblocking and directing credit capital to priority areas. However, businesses still have difficulty accessing bank capital and lending to small businesses is still inadequate.
Despite difficulties in the market, capital sources, and investment opportunities, in the past 8 months, the production and business activities of enterprises in Thai Nguyen have remained stable. Some enterprises have had to cut labor and reduce working hours, but not on a large scale. There have been no collective work stoppages or strikes in the province.
Vice Chairman of Thai Nguyen Province Business Association - Mr. Nguyen Van Thang said that after the pandemic, all countries encouraged production activities, so the competition between production and business enterprises became more fierce. In particular, instability in a region of the world has pushed costs up very high, especially for enterprises with export activities.
Specifically, An Khanh Group has had to bear the cost of importing raw materials and fuel for production, which has increased by over 200% compared to previous years. Meanwhile, many items have to keep the selling price the same or increase insignificantly. To maintain production and business, enterprises must improve their management capacity, solidarity, effort, and maximum cost savings.
Despite the difficulties, the number of newly registered enterprises has increased sharply. Since the beginning of the year, the Department of Planning and Investment has granted new business registration certificates to 733 enterprises, with a total registered capital of VND 6,962 billion. New investment registration certificates have been granted to 25 FDI projects, with a total registered capital of USD 170.95 million.
Thai Nguyen Industrial Parks Management Board has issued 39 adjustments to investment registration certificates, including 6 adjustments to increase investment capital by 6.59 million USD.
It is expected that in the fourth quarter of 2023, Thai Nguyen will grant 9 new projects to the industrial park, including 5 FDI projects with a total registered capital of over 120 million USD (including expansion), 4 FDI projects with a total registered investment capital of 4,000 billion VND. This is a very important resource to promote socio-economic development.
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