Over the past year, Thanh Hoa continued to attract an additional 423 million USD in foreign direct investment (FDI), bringing the scale of FDI capital to 173 projects, with a registered capital of 15.2 billion USD. Overcoming many difficulties, most FDI enterprises maintained stable operations, making important contributions to increasing budget revenue and creating stable jobs for workers.
Nghi Son Refinery and Petrochemical Plant, Nghi Son 2 BOT Thermal Power Plant, Nghi Son Cement Plant... are projects with large FDI capital, creating great attraction in recent years. These projects, when put into operation, not only create great value and revenue, contribute highly to economic growth and budget revenue, but also create a spillover effect for investment activities in many supporting industries when supplying input products and services.
Typically, since the Nghi Son Refinery and Petrochemical Plant came into operation, it has led to the development of about 650 suppliers; including nearly 60 suppliers in Thanh Hoa. In 2024, the Nghi Son Refinery and Petrochemical Plant alone contributed a production value of more than VND 189,000 billion, accounting for nearly 68% of the production value of Nghi Son Economic Zone and industrial parks (IPs). Nghi Son 2 BOT Thermal Power Plant created a value of VND 15,600 billion, contributing VND 1,100 billion to the budget; Nghi Son Cement Company created a production value of VND 6,000 billion, contributing VND 170 billion to the budget...
According to the Northern Vietnam Vegetable Oil Company Limited, 2024 is a difficult year for the company's business due to high input material prices; the cooking oil market faces the risk of price reduction and fierce competition. Thanks to flexible adaptation to the market and development of key products according to appropriate strategies, the company has maximized its design capacity, bringing in a production value of 1,500 billion VND, contributing 105 billion VND to the budget, and maintaining stable jobs for 270 employees.
Yong See Leng, the factory manager of Northern Vietnam Vegetable Oil Company Limited, shared: "Our customers are in the high-end segment; therefore, we need a suitable development strategy to improve the competitiveness of our products. During the recent Lunar New Year, we prepared a fairly abundant supply of goods and achieved planned consumption."
At Bim Son Industrial Park, Seil M-Tech Vina Co., Ltd. is a Korean-invested enterprise specializing in the production and assembly of auto parts including: car seats, car seat frames, car seat parts, headrests, armrests, and upholstery for car parts. Along with efforts to find consumer markets, the enterprise has invested in modern technology lines and machinery to meet the quality requirements of automobile manufacturers and export standards. In operation since 2020, the company is currently creating stable jobs for 350 employees, with an average income of 6.5 million VND/person/month.
It is known that Bim Son Industrial Park currently has 24 FDI enterprises operating. The enterprises mainly produce and trade in many fields such as: garment, jewelry, production, processing, assembly of components and auto parts such as: car seats, car seat frames, car seat parts, headrests, armrests, upholstery of car parts... Despite facing many difficulties in terms of orders, FDI enterprises in Bim Son town have made efforts to overcome difficulties, maintain production and business activities, creating jobs for nearly 3,200 workers, with an average income of 6 - 6.5 million VND/person/month.
According to statistics, Japan, South Korea, and Taiwan are countries and territories with many large direct investment projects in Thanh Hoa, typically: Nghi Son Oil Refinery, Nghi Son 2 Thermal Power Plant, Nghi Son Cement Plant... In 2025, a number of large FDI projects are expected to complete investment approval procedures, such as: Investment project to build and operate infrastructure of the Western Industrial Park of Thanh Hoa City, the logistics center and urban development around the Industrial Park. The project is expected to be implemented in the period of 2024-2025 with a total capital of about 9,500 billion VND (more than 400 million USD) of Sumitomo Corporation (Japan); Nghi Son LNG Thermal Power Plant, with a registered investment capital of about 2.5 billion USD, industrial park projects of WHA Group... These projects, when put into operation, will create a breakthrough development, regaining the attractiveness of attracting FDI capital of the province in the Central region.
Article and photos: Tung Lam
Source: https://baothanhhoa.vn/hieu-qua-hoat-dong-cua-doanh-nghiep-fdi-238813.htm
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