Pursuant to Decision No. 165/QD-TTg dated February 28, 2023 of the Prime Minister on approving the Project on restructuring the industry and trade sector to 2030, the Department of Industry and Trade of Thanh Hoa issued the "Action Plan to implement the Project on restructuring the industry and trade sector in Thanh Hoa province to 2030" to promote economic restructuring, improve growth quality, labor productivity and competitiveness.
The trade and service sector is one of the key targets of the restructuring plan of the industry and trade sector. In the photo: High-end imported products are displayed for sale at Luxury Foods store, Dong Huong ward (Thanh Hoa city).
The plan has set the goal of developing the industry in a harmonious combination of breadth and depth, with special attention to in-depth development. This includes breakthrough mechanisms and policies to attract and expand the production scale of strong industries, making Thanh Hoa province one of the major centers of the North Central region and the whole country in heavy industry, focusing on developing the energy and processing and manufacturing industries. Rationally develop labor-intensive industries to create jobs, carry out economic restructuring; prioritize attracting a number of new, high-tech industries to create new growth drivers. At the same time, promote the development of supporting industries, gradually form and develop a number of clusters linking key industries.
The plan clearly states the importance of the trade and service sector, with the goal of rapidly developing and diversifying types of services and high-quality products and services with high added value. Promoting the development of modern trade infrastructure, encouraging the expansion of mini-supermarkets, convenience stores, etc. Supporting the formation of large enterprises in the distribution sector, implementing the transformation of traditional distribution systems to modern distribution models.
Strive for an average industrial added value growth rate of about 16.4%/year in the 2021-2025 period, and an 8.9% annual growth rate in the service sector; in the 2026-2030 period, industry will increase by about 12.1%/year and the service sector will increase by 8.5%/year. Export turnover by 2030 will reach 15 billion USD. The industrial production index (IIP) will increase by an average of 14.6%/year. The proportion of B2C e-commerce sales (including online consumer goods and services) compared to total retail sales of goods and consumer service revenue will reach 10% in 2025 and 13% in 2030.
The plan also specifically states the focus on developing a complete industrial production system in the province through upgrading and developing the supply chain and value chain of industries. Focus on localizing the supply chain of industries to reduce dependence on imported machinery, equipment, raw materials and increase autonomy, increase domestic added value, product competitiveness and the position of Thanh Hoa enterprises in the value chain. In particular, greening industries, ensuring the economical and efficient use of resources and energy in industries. Notably, the development of mechanical engineering, metallurgy, chemicals, materials and industrial products serving the development of the mechanical industry in Nghi Son Economic Zone and industrial parks and industrial clusters has helped the industry to form and promote efficiency; creating growth momentum and promoting other industries.
Workers at the factory of Sao Mai Food Import-Export and Trading Joint Stock Company (Thanh Hoa City).
According to the Department of Industry and Trade, in the next phase, the industry will continue to develop and upgrade to high value-added stages in the global value chain to enhance competitiveness and participate deeply in the global value chain such as textiles, chemicals, pharmaceuticals, agricultural, forestry and fishery processing... associated with enhancing process improvement and smart production technology and automation. Strengthening the application and transfer of science and technology with advanced domestic and foreign enterprises to improve management capacity, production and business organization. Attracting investment in supporting industrial projects for the textile and footwear industry with modern technology and environmental protection to provide local raw materials for the province's garment and footwear industry.
In addition, diversify export markets to avoid over-dependence on a few markets and minimize negative impacts from trade conflicts. Focus on developing exports through cross-border e-commerce and foreign distribution systems. Take advantage of new-generation Free Trade Agreements (FTAs) and the province's foreign affairs activities to boost the export of goods and services, exploiting domestic and foreign sources to increase export value; increase support for capacity building for enterprises, especially small and medium enterprises, to meet standards and regulations of export markets and rules of origin to effectively utilize signed FTAs. Support enterprises to proactively respond to and effectively handle foreign trade defense investigations of exported goods.
In addition, focus on supporting, forming and developing large commercial enterprises capable of leading the market, mastering warehouse systems, logistics centers and goods supply sources to stabilize market supply and demand. Support the formation of enterprises, commercial cooperatives, and business households to shift the distribution system to modern distribution types such as supermarkets, shopping malls, and convenience stores. Form and develop domestic consumer goods supply chains, prioritizing the development of essential agricultural and food supply chains, to reduce bulkiness, reduce stages and segments in the distribution system, and improve efficiency for producers and consumers.
Article and photos: Chi Pham
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