In 2024, the NSZ and industrial parks will attract 13 new investment projects. To date, the NSZ has attracted 731 projects, including 75 FDI projects and 656 domestic investment projects.
More than 278,000 billion VND in production value, contributing 31,100 billion VND to the State budget, creating jobs for more than 100,000 workers in 2024. These "talking" numbers have demonstrated the driving role of Nghi Son Economic Zone (KKTNS) and Industrial Parks (IPs) in the province for Thanh Hoa's economy.
The leading birds
The “heart” of Nghi Son Economic Zone - Nghi Son Refinery and Petrochemical Complex is continuing its strong beats, ready to conquer new heights with the province.
In 2024, along with operating beyond its design capacity, Nghi Son Refinery and Petrochemical Company Limited successfully exported many made-in-Vietnam petrochemical products to the world. The factory contributed a production value of nearly VND 190,000 billion, accounting for nearly 68% of the production value of the NSK and industrial parks; paid more than VND 24,700 billion to the budget, playing a decisive role in bringing Thanh Hoa back to the "VND 50,000 billion budget collection club".
“Despite the constant challenges of fluctuating oil and gas markets, we continue to optimize capacity to achieve the highest production and business efficiency,” said Kazutaka Yamato, General Director of Nghi Son Refinery and Petrochemical LLC.
Not only meeting about 40% of the energy demand for the Vietnamese market, Nghi Son Refinery and Petrochemical Plant is also a "pull force", spreading and creating opportunities for local enterprises to participate in developing input services. From mechanical equipment, maintenance, to towing crude oil vessels at sea, all have been supplied by Thanh Hoa Province enterprises. This is also an opportunity for local suppliers to continuously improve their capacity, ready to receive high-level services on the way to welcoming new investors.
Typically, the ship towing service of PTSC Technical Services Joint Stock Company (PTSC Thanh Hoa) has safely towed more than 7,000 ships. The number of VLCCs (the world's largest crude oil tankers) successfully towed by PTSC Thanh Hoa has reached the 200th trip, ensuring the capacity to perform towing services for super-long and super-heavy ships at Nghi Son Seaport.
Along with oil refining, the largest power center in the North Central region is connecting to the national grid to all regions, with double-digit growth in 2024. Like the Nghi Son 2 BOT Thermal Power Plant, the enterprise has brought in a production value of 17,263 billion VND, supplying 7.8 billion kWh of electricity to the national grid and contributing nearly 1,400 billion VND to the state budget.
Nghi Son also has VAS Nghi Son Steel Factory with high-tech steel products meeting Japanese standards (JIS) and American standards (ASTM). VAS Steel is also honored to be the second Vietnamese steel brand present in some famous markets with strict standards such as Guatemala in Central America. Along with that, 3 cement factories in the NSK are Dai Duong, Cong Thanh and Nghi Son with a capacity of 20 million tons/year, making Thanh Hoa the "capital" of cement in the country.
In particular, Nghi Son port, after nearly two centuries of aspiration and construction, has been recognized on the international maritime map, when CMA-CGM ships carry goods to almost every continent in the world.
Overcoming the harshness of the market, the successful operations of the “locomotive” enterprises in 2024 brought worthy results. The total value of goods produced by enterprises in the Economic Zone and Industrial Parks increased by 18%, budget contributions increased by 31% over the same period; export turnover reached 3.2 billion USD.
Entering a new growth path
Before Tet, Nghi Son construction site and industrial parks are still bustling with many new expectations to increase growth in 2025. That is Nghi Son Steel Rolling Mill No. 2 of VAS Nghi Son Group Joint Stock Company is rushing the final stages of connecting the power infrastructure for commercial operation in the first quarter of 2025. From here, the most modern Italian DANIELI steel product line in Europe will be officially launched. Not only continuing to consolidate the position of Nghi Son steel brand, this project with a capacity of 3 million tons/year, total investment of nearly 8,000 billion VND will realize the goal of synchronous operation of Nghi Son Iron and Steel Complex according to the planned target.
Nghi Son High-Tech Mechanical Factory with metal components, mechanical processing and installation of industrial machinery and equipment, with a designed capacity of 50,000 tons of products/year, is also entering the urgent stage to start production. With the existing export market of the enterprise having developed to 50 countries and territories, associated with the brand of iconic works such as Lusail Iconic Stadium, 974-Ras Abu Aboud Stadium, Phnom Penh International Airport... and many other key national and international projects; the project is expected to bring in an estimated revenue of about 3,000 billion VND/year; contribute hundreds of billions of VND to the budget and create jobs for 1,000 workers.
At Bim Son Industrial Park, the Radial Tire Factory was invested with a total capital of about 63.7 million USD, with a capacity of over 960,000 products/year; Phase 2 of the Project to produce environmentally friendly decorative products of INTCO Vietnam Industrial Company Limited is also completing preparations for official operation, bringing new industrial products of Thanh Hoa to the world market.
These are the foundations to strengthen the determination that the NSK and industrial parks aim for in 2025, with the target of production value of 290,000 billion VND, export of 5 billion USD, state budget revenue of 30,000 billion VND, and creating additional jobs for about 5,500 people.
Deputy Head of the Management Board of the Economic Zone and Industrial Zones Bui Tuan Tu said: The journey to build and develop the Economic Zone into one of the key coastal urban, industrial and service centers of the country is steadfast in the roadmap to attract key industrial complexes, namely petrochemical refining, thermal power, steel rolling, cement, and export processing. The Management Board of the Economic Zone and Industrial Zones is focusing on on-site investment promotion; strengthening the promotion of the investment and business environment through reputable information channels and integrating with the province's diplomatic activities. On that basis, Thanh Hoa expects to attract investment in a focused and key way to large domestic economic groups and investors in key markets such as Japan, Singapore, Korea, EU, Taiwan, the United States, Thailand, etc., with projects using high and modern technology, minimizing carbon emissions. Along with that, we will build and develop industrial parks with a synchronous and modern infrastructure system, creating favorable conditions to attract investment, form and develop "new Nghi Sons" - creating growth poles for the province's economy.
Article and photos: Minh Hang
Source: https://baothanhhoa.vn/dong-luc-tang-truong-xung-danh-dau-tau-237968.htm
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