New projects coming into operation in 2024 have significantly increased the industrial production value, while helping Ba Ria - Vung Tau have new products.
New series of projects increase industrial value
In March 2024, the factory of Coretronic Co., Ltd., a member of Coretronic Group (Taiwan, China) with a total investment of 78 million USD, came into operation in Phu My 3 Industrial Park (Phu My town, Ba Ria - Vung Tau). This factory specializes in manufacturing high-resolution screens for computers, projectors, and televisions, with a capacity of about 3.9 million tons of products/year, supplying the world's leading partners.
Mr. Domigo Jian, Production Director - Coretronic Co., Ltd. said that the factory uses high technology, automating many stages. In the past time, the company's production and business activities have achieved good results, and have orders until the end of the first quarter of 2025. The unit has also continuously improved production efficiency and product quality, at the same time, promoted technological innovation and developed many products with high added value to ensure the company's competitive advantage in the global market.
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| Producing bicycle and motorbike chains at Izumi MFG Vietnam Co., Ltd. Photo: Quang Vinh |
Also in 2024, at the beginning of the year, the bicycle chain production project of Izumi MFG Vietnam Co., Ltd. came into operation. This factory specializes in producing chains for bicycles and motorbikes with a capacity of 500 tons of products/year. The project contributes to meeting the demand for high-quality chains for the international market, increasing the localization rate of domestic vehicles, and creating conditions for Vietnamese consumers to access high-end products at reasonable prices.
These are some factories that help Ba Ria - Vung Tau have new industrial products, deeply participating in domestic and international supply chains.
According to the Department of Industry and Trade of Ba Ria - Vung Tau, in 2024, the province's industrial production value excluding crude oil and gas reached VND 430,377.15 billion, up 13.18% over the same period and far exceeding the plan at the beginning of the year (up 10.11%).
According to the department, this growth is due to the fact that existing industrial enterprises from 2023 and earlier have maintained their production capacity. In addition, an additional increase of about VND 50,000 billion has been achieved, including revenue from the Southern Petrochemical Complex Project coming into commercial operation; 32 industrial projects that have come into operation in 2023 and the increased production capacity of 31 projects coming into operation in 2024. At the same time, large and existing industrial projects have increased their production capacity compared to 2023.
Of which, 31 new industrial projects came into operation, estimated to contribute about 1,800 billion VND to the industrial production value of Ba Ria - Vung Tau.
Continue to support production and business enterprises
In 2025, the industrial production value excluding oil is forecast to increase by 12.81% compared to 2024, the added value compared to 2024 is about 55,000 billion VND. Of which, new industrial projects operating from 2024 will continue to contribute about 5,900 billion VND to the industrial production value of Ba Ria-Vung Tau.
In addition, in 2025, there will be 21 new projects coming into operation, expected to contribute more than VND 2,000 billion. In addition, the Southern Petrochemical Complex Project is expected to operate at about 30%, with a capacity of about VND 13,200 billion.
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| In 2025, the Southern Petrochemical Complex Project is expected to operate at about 30%, contributing about 13,200 billion VND to the industrial production value of Ba Ria - Vung Tau. Photo: LSP |
According to the Department of Industry and Trade of Ba Ria - Vung Tau, in 2025, the unit will continue to coordinate with departments and branches to focus on supporting the acceleration of legal procedures (planning, land, construction, environment, tax, regulations, technical standards, etc.) for production projects to be completed and put into operation soon, ensuring that projects operate on schedule to create more industrial production value for the province; these will be factors that significantly promote growth for the province's industry.
Regularly monitor the progress of implementation and operation of new production investment projects, industrial cluster infrastructure projects, etc. to promptly support and remove difficulties with departments, branches and localities, contributing to promoting the completion and operation of projects.
In addition, the province also attracts and calls on businesses to participate in investment and expand investment in production projects to create more sources of goods and industrial products through the strategy of attracting foreign direct investment in Ba Ria - Vung Tau province until 2025, with a vision to 2030.
In particular, attracting investment in the processing, manufacturing and supporting industries; prioritizing large projects, using modern, clean and economical technology, with commitments to technology transfer and on-site human resource training. At the same time, effectively implementing the approved industrial promotion program for the period 2021 - 2025.
In 2024, all 4/4 targets of the Industry and Trade sector of Ba Ria - Vung Tau achieved and exceeded the plan set at the beginning of the year, specifically: Industrial production value excluding crude oil and gas in 2024 reached 430,377.15 billion VND, an increase of 13.18% over the same period (exceeding the plan at the beginning of the year by 10.11%). Total retail sales of goods in 2024 reached 75,211.46 billion VND, an increase of 12.94% over the same period (exceeding the plan at the beginning of the year by 11.31%). Export turnover excluding crude oil reached 5,327.62 million USD, up 12.41% over the same period (exceeding the plan at the beginning of the year by 3.28%). Import turnover reached 6,562.88 million USD, up 7.72% over the same period (exceeding the plan at the beginning of the year by 3.05%). |
Source: https://congthuong.vn/ba-ria-vung-tau-loat-du-an-moi-giup-gia-tang-gia-tri-nganh-cong-nghiep-368412.html
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