Thanh Hoa currently has hundreds of industrial products, including 25 key industrial products. In recent years, the steady growth of key industrial products and the entry of new products have created momentum for Thanh Hoa's industry to achieve a fairly high growth rate, contributing highly to the province's GRDP. With the expectation of creating a breakthrough in industrial development, Thanh Hoa is focusing on attracting new industrial projects, while creating all favorable conditions for projects to soon enter the investment and exploitation phase.
Elevator equipment manufacturing at AZ Electrical Engineering Elevator Co., Ltd. (Dinh Huong Industrial Park - Tay Bac Ga).
Along with hundreds of industrial projects under construction, in 2023, 48 more industrial projects were approved in principle in the province (including 18 FDI projects) with registered capital of VND 13,370 billion and USD 228.4 million. Infrastructure investment activities in industrial parks and clusters are also being strongly advised by the Nghi Son Economic Zone Management Board (KKTNS) and the Department of Industry and Trade to accelerate the completion of procedures and construction progress, and soon create clean land to attract new projects.
In 2023, more large-scale projects came into operation, such as: Dai Duong 1 Cement Factory in the NSZ, Victory Garment Factory in Sao Vang Town (Tho Xuan); Leading Star Thanh Hoa Garment Factory in Bim Son Industrial Park; HuaLi Group's shoe raw material and export shoe factory (Yen Dinh district)... contributing greatly to the province's added production value, contributing to the shift in labor structure.
In 2023 and the first months of 2024, the province's industrial production index (IIP) and industrial added value will reach high levels in the region; in 2023, the IIP will increase by 4.87% and industrial added value will increase by 10.73% over the same period. Some high growth products such as electricity production (up 77.5%); clinker (up 41.4%); lubricants (up 34.5%); paper and cardboard of all kinds (up 28%)... have compensated for and created momentum for traditional industrial products with decreased output and revenue such as sugar, beer, cement, construction bricks...
According to the Department of Industry and Trade, the results of industrial growth are remarkable in the current difficult context. However, with the advantages and potential of Thanh Hoa industry associated with Nghi Son deep-water port, it is very open. Therefore, the province's orientation will promote the development of new, high-content industrial products, creating new momentum for industrial growth associated with logistics services.
Accordingly, the new industries oriented for development are: new products in the petrochemical industry, electricity, steel, construction materials, agricultural, forestry and fishery processing, electronics, metal production, chemicals, rubber, plastics, food, beverages... In particular, in the orientation of developing electronic and metal products, the focus will be on developing mechanical, electronic products and metal production associated with high-tech applications, developing industrial products supporting the mechanical, electronic and metal production industries serving automobile assembly and mechanical manufacturing; industrial investment projects supporting the mechanical industry, production of equipment, machinery spare parts, electric motors, agricultural machinery, construction machinery, assembly of means of transport, consumer electromechanical products...
Along with investment promotion, the Department of Industry and Trade is continuing to support businesses, especially small and medium-sized enterprises that start up creatively, apply scientific and technological advances in production to improve productivity and product quality; synchronously deploy solutions, develop projects to connect manufacturing and distribution enterprises, form supply chains, produce, and consume products and goods for businesses. The unit also focuses on urging, directing and guiding procedures for establishing and investing in industrial cluster infrastructure, speeding up the progress of filling industrial clusters, focusing on developing industrial clusters in rural and mountainous areas; actively implementing the Project on restructuring the industry and trade sector towards focusing on in-depth development with energy industry and processing and manufacturing; creating all conditions to accelerate the progress of industrial projects to put them into operation soon, creating new production capacity.
In 2024, a number of new industrial products such as automobile tires, garment accessories, etc. entering the market will continue to contribute more to growth in the coming years. Thanh Hoa province is also making efforts to prepare conditions for the commencement of project No. 1 - Duc Giang Chemical Complex in the Economic Zone; submitting to the Ministry of Industry and Trade a proposal to consider and approve the conversion of coal fuel to LNG of Cong Thanh Thermal Power Plant in the Economic Zone and updating the Plan for implementing the 8th Power Plan; continuing to coordinate with relevant units to promote, support, and call for businesses to invest in the processing, manufacturing, and energy industries to create a breakthrough for industrial growth in the coming time.
Article and photos: Tung Lam
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