Industry growth is quite good.

Industrial production has shown many improvements since the beginning of the year, developing towards green and sustainable growth. In May, most industrial products continued to grow well, the industrial production index (IIP) increased by 15.3%, the cumulative increase in the first 5 months of the year was 13.5% over the same period.

This result was achieved thanks to the Provincial People's Committee focusing on directing departments, branches and localities to proactively coordinate, grasp, collect information, and mobilize enterprises to promote production and business to effectively promote the capacity of existing products. Difficulties related to solar power projects were also basically resolved through supporting enterprises in negotiating electricity prices. The Provincial People's Committee organized a meeting with the Ministry of Industry and Trade to discuss and resolve problems related to the handover of the 500kV Thuan Nam Transformer Station and the 500kV, 220kV connection lines and payment for electricity purchase and sale of Trung Nam - Thuan Nam Solar Power Plant. Thereby, contributing to the electricity production and distribution industry in May increasing by 17%, the accumulated increase in the first 5 months of the year by 14.4% over the same period. Other industrial products also increased, specifically: Mining industry increased by 1.48%; Processing and manufacturing industry increased by 14.5%...

Beer production at Saigon - Ninh Thuan Beer Joint Stock Company. Photo: PN

Identifying investment attraction in the industrial sector as one of the important goals, the province has focused on completing policies to encourage investment in industrial parks (IPs), thereby increasing the occupancy rate in IPs. Up to now, 3 IPs have built technical infrastructure and attracted investment. Specifically, Thanh Hai IP has built technical infrastructure on 58 hectares, attracting 22 registered investment projects worth 2,622 billion VND. Phuoc Nam IP, invested by Phuoc Nam - Ninh Thuan Investment Joint Stock Company, has implemented phase 1 on a scale of 151 hectares, attracting 13 registered investment projects worth 372 billion VND. Du Long IP, invested by Hoang Thanh Du Long Industrial Park Investment Joint Stock Company, has 6 secondary projects registered for investment with a total capital of 1,937.58 billion VND. The production and business activities of enterprises in the industrial park have developed, contributing to increasing the value of industrial production in the whole province, increasing export turnover, and making a significant contribution to the province's state budget revenue.

Employees operate industrial equipment at Du Long Industrial Park (Thuan Bac). Photo: Van Ny

In 2024, the province sets a target of striving to increase the GRDP growth rate from 11-12%; the industrial sector alone will achieve an added value of 17-18%. In order to promote the development of industrial production, from now until the end of the year, the province will direct relevant departments, branches, and localities to implement the next steps of the Project to establish an Inter-regional Renewable Energy Service and Industrial Center in Ninh Thuan. Complete the preparation, submission, appraisal, and approval of bidding documents to select investors for the Ca Na LNG project. Continue to urge the progress of implementing the project to invest in building technical infrastructure for industrial clusters, production and business projects expected to start construction in 2024. Focus on effectively implementing the Project to develop Ninh Thuan into an energy and renewable energy center of the country in conjunction with the Plan to implement the VIII Power Plan; accelerate the connection to the national grid of 120MW of transitional energy projects and quickly implement the electricity price bidding mechanism. At the same time, support to remove difficulties, promote growth for some industrial products with large proportions such as: Beer production, aloe vera, seafood processing, construction materials, stone, cement... and speed up the progress of new industrial projects to create additional capacity.

Mr. Tung

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