Accounting for an “overwhelming” proportion of production and export value; contributing to the State budget up to 55% of the total revenue of the province - in fact, this proportion is much higher if not counting the revenue from land use fees which is determined to lack sustainability. Nghi Son Economic Zone and Industrial Parks (KKTNS&CKCN) are continuing to affirm their key role in the province's striving goals.
A difficult year for the cement industry due to fierce competition in the output market, Nghi Son Cement Company still achieved revenue of 6,100 billion VND, contributing 170 billion VND to the State budget. According to Director of Nghi Son Cement Plant Hino Takafumi, facing challenges in output, the enterprise has focused on finding and increasing export output in demanding markets such as the Philippines and
Singapore. Along with applying technological solutions to reduce production costs and improve quality, the company has completed certifications according to strict international standards to compete successfully in these markets and determined this to be a strategic and consistent direction in the coming time.
In 2024, VAS Nghi Son Group Joint Stock Company will continue to promote exports as well as diversify domestic markets. Up to now, VAS brand steel products have been exported to Korea, China, Taiwan, Japan, Guatemala, the US, etc. According to a representative of VAS Nghi Son Group Joint Stock Company, the reason why the products are welcomed and highly appreciated by demanding markets such as the US and Japan is not only because they meet strict regulations on origin, rigorous inspection processes, international quality requirements and delivery time, but also because of the criteria of "green, clean steel" produced on a "circular" economic model. In 2024, VAS Nghi Son Group Joint Stock Company achieved revenue of 16,600 billion VND, contributing more than 1,000 billion VND to the State budget.
Also in the NSK, many leading enterprises have achieved production and business results with good growth and continue to play a leading role in the goal of increasing State budget revenue. Typically, Nghi Son Refinery and Petrochemical Company Limited produces and exports to the market more than 9.7 million tons of various products; including 8 million tons of gasoline and many petrochemical products such as sulfur, benzene, polypropylene. This enterprise has paid the budget in 2024 up to 24,700 billion VND. Northern Vietnam Vegetable Oil Company Limited with revenue of 1,450 billion VND; paid the State budget 105 billion VND. All power plants operate at design capacity; in which, Nghi Son 2 Power Company Limited operates the maximum capacity of the plant with 1,200 MW, contributing to enhancing the capacity and industrial production value of Thanh Hoa province and ensuring national energy security. In 2024, the factory's production value will reach 15,600 billion VND, contributing 1,100 billion VND to the budget.
At Bim Son Industrial Park, many enterprises have also made efforts to overcome difficulties to operate production effectively. Mr. Cheng DaWei, Director of INTCO Vietnam Industrial Co., Ltd., said: “Phase 1 of the project with a total investment of 40 million USD has been put into stable operation, with 850 employees. In 2024, the enterprise will operate at a maximum production capacity of 40 million USD. We are actively investing so that phase 2 can be put into trial operation in December 2025 and put into commercial operation as soon as possible after adjustment.”
To date, the SEZ has attracted 731 domestic and foreign investment projects. In 2024, enterprises generated a production value of more than VND 278,000 billion, equal to 118% over the same period; budget contribution is estimated at VND 31,100 billion, equal to 131% over the same period; export turnover is estimated at USD 3.2 billion, equal to 97% over the same period.
According to the leaders of the Management Board of the Economic Zone and Industrial Park of the province, with the potential of factories that are preparing to put into operation from the beginning of 2025 such as: Nghi Son Steel Rolling Mill No. 2; Nghi Son High-tech Mechanical Factory in the Economic Zone; Radial Automobile Tire Factory; INTCO Vietnam Industrial Factory, Bim Son Industrial Park will contribute to significantly increasing the production capacity of the driving forces of Thanh Hoa as well as Thanh Hoa industry.
Along with focusing on urging, supporting, and creating all conditions to accelerate the progress of ongoing projects to put them into operation soon, the Management Board of Nghi Son Economic Zone and Industrial Park is actively supporting investors to complete legal procedures, moving towards organizing the groundbreaking of projects: DST Nghi Son Steel Rolling Mill, Nghi Son GLOBAL Factory, VNC Aquaculture Area... At the same time, promptly grasping the difficulties and problems of existing operating factories has made important contributions to economic growth, budget revenue, and job creation for workers.
Thanh Hoa province continues to pay attention to and create a favorable environment and conditions for enterprises and people to invest in production and business; attract investment capital sources; continue to invest in infrastructure of the Economic Zone and Industrial Park in a synchronous and modern direction, along with urging investors to speed up implementation progress, creating clean land to attract secondary investors. Along with that, Thanh Hoa is stepping up trade promotion activities, aiming to attract enterprises to invest in large-scale, high-tech industrial production projects, striving for Thanh Hoa to become one of the major industrial centers of the North Central and Central Coast regions and the whole country, associated with sustainable and effective development.
Article and photos: Minh Hang
Source: https://baothanhhoa.vn/no-luc-san-xuat-dong-gop-cao-vao-tang-truong-236877.htm
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