The processing and manufacturing industry currently accounts for about 97% of the industrial production value and 90% of the province's export turnover. In order to promote the strong development of the processing and manufacturing industry in depth, in 2022, the Provincial People's Committee approved the Project on Developing the Processing and Manufacturing Industry of Thanh Hoa Province to 2030. However, the mechanisms and policies to support the development of this industry have not yet been approved, making it difficult to achieve the desired results.
Mechanical products are given priority for development in the Project on Developing the Processing and Manufacturing Industry of Thanh Hoa Province to 2030.
According to the project, Thanh Hoa province will develop the processing and manufacturing industry in the direction of expansion and new investment, adding heavy industries along with expanding, modernizing, and increasing the efficiency of light industries; thereby, gradually increasing the proportion of high-tech, deep-processing and export industries. The industries that are prioritized for development are: Mechanical, electronic and metal production industries; Chemical, rubber and plastic industries; Construction materials production industries; Food and beverage industries; Textile, footwear and leather industries; Forestry processing industries...
In particular, for the mechanical, electronic and metal manufacturing industry, the focus will be on developing mechanical, electronic and metal manufacturing products associated with high-tech applications, developing industrial products supporting the mechanical, electronic and metal manufacturing industries to serve automobile assembly and production, serving the mechanical manufacturing industry; attracting investment in mechanical, electronic and metal manufacturing in Nghi Son Economic Zone and industrial parks. The chemical, rubber and plastic industry will attract new projects, expanding existing projects such as: Investing in expanding phase 2 of Nghi Son Refinery and Petrochemical Plant; increasing the capacity of Nghi Son Refinery and Petrochemical Plant to about 20 million tons of crude oil/year; continuing to attract projects to process products from petrochemical refining such as producing Propylyne, PET synthetic fiber, DAP fertilizer, Polyethylene, Paraxilene; Accelerate the implementation of Project No. 1 - Duc Giang Chemical Complex in Nghi Son Economic Zone, with a capacity of 136,000 tons of products/year; invest in expansion, invest in Project No. 2 and Project No. 3, bringing the total capacity of all 3 projects to 386,000 tons of products/year...
For the construction materials manufacturing industry, the investment will be completed and 5 cement factories will be put into stable operation; investment will be promoted to innovate technology for mining and processing stone for export, maintaining output at about 25 million m2/year and encouraging construction materials factories to continue to innovate technology and increase capacity. The textile and footwear industry will attract investment in garment and footwear projects in the midland and mountainous areas; at the same time, encourage garment and footwear enterprises to innovate technology to increase capacity and product quality; attract investment in supporting industry projects for the textile and footwear industry with modern technology and environmental protection to provide local raw materials for the garment and footwear industry of the province.
With specific orientations, Thanh Hoa province sets a target of 16.1% growth rate of industrial value added in the 2021-2025 period; 11.4% in the 2026-2030 period; and 13.7% in the 2021-2030 period. By 2025, the added value of the processing and manufacturing industry will reach 70,000 billion VND and by 2030, it will reach 120,000 billion VND.
To successfully implement the project, in addition to solutions related to investment in infrastructure construction, improving the investment environment, mobilizing resources and developing human resources, Thanh Hoa province has developed and proposed policies to serve the development of the province's industry, especially in the field of processing and manufacturing industry.
The petrochemical industry is oriented to continue expanding and developing new petrochemical products with high added value.
Accordingly, in addition to the estimated investment capital of enterprises in the period of 2021-2030 of about 315,000 billion VND, the project also orients the support capital from the State budget in 9 years (2022-2030) to be about 1,760 billion VND, of which the central budget supports 1,665 billion VND and the provincial budget supports 95 billion VND. In addition, the capital to support the development of industry and handicrafts of the province according to Resolution No. 121/2021/NQ-HDND dated October 11, 2021 of the Provincial People's Council promulgating a number of policies to encourage the development of industry and handicrafts in Thanh Hoa province in the period of 2022-2026 is expected to be about 200 billion VND with the content of supporting investment in industrial cluster infrastructure and investment in processing and manufacturing projects in mountainous areas.
Immediately after the Project on Developing the Processing and Manufacturing Industry of Thanh Hoa Province to 2030 was issued, the Department of Industry and Trade advised the Provincial People's Committee to propose mechanisms and policies to attract and expand the province's strong industries, focusing on the energy and processing and manufacturing industries, but the policy has not yet been approved. Along with that, the policy from Resolution No. 121/2021/NQ-HDND dated October 11, 2021 of the Provincial People's Council was issued in 2021 but currently there are no businesses or investors accessing it due to difficulty in meeting the set criteria.
With the major goal of creating structural changes within the industrial sector, forming industries with high technological content and specialization, and making Thanh Hoa soon become one of the major industrial centers of the North Central region and the whole country, it is really necessary to pay attention to and develop support policies in the field of processing and manufacturing industry. Not only creating a source of support capital, sharing with businesses, the issued policies also have the nature of promoting, propagating, and spreading the State's support for investors on the development roadmap. Along with that, the researched and issued policies also need to be feasible in implementation, convenient for the access and response goals of investors when put into practice.
Article and photos: Tung Lam
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