Despite facing numerous challenges in the product market, thanks to flexible solutions, the operations of many businesses in the Nghi Son Economic Zone and other industrial parks remain bright spots, making positive contributions to Thanh Hoa's industrial sector.
Manufactured by Northern Vietnam Vegetable Oil Company Limited (KKTNS).
At Nghi Son Cement Company, the first few months of this year saw growth in both cement and clinker production. In the first quarter, the company produced and sold 1.3 million tons of cement and 1.05 million tons of clinker. With positive sales figures in the early months, the company is setting a revenue target of VND 6,500 billion for 2024, a 13% increase year-on-year, a profit increase of VND 300 billion, and a contribution of VND 250 billion to the state budget, a 10% increase year-on-year.
In the first quarter, the Northern Vietnam Vegetable Oil Company Limited supplied 10,815 tons of packaged cooking oil and 7,164 tons of bulk goods to the market, both showing growth compared to the same period last year. With positive sales signals, the company also aims for increased production targets, including revenue of VND 2,693 billion (up 55%), profit of VND 118 billion (up 5%), and contributions to the state budget of VND 453 billion (up 55%) compared to the same period last year.
According to the Management Board of Nghi Son Economic Zone and Industrial Parks, the first months of 2024 also witnessed stable operations of many large enterprises such as: Nghi Son Refinery and Petrochemical Plant, thermal power plants, cement plants, packaging plants, etc. The production and business value of these enterprises grew well, with revenue reaching VND 64,083 billion, an increase of 16% compared to the same period. These enterprises contributed VND 6,758 billion to the state budget, an increase of 43% compared to the same period, and created jobs for nearly 100,000 workers.
In addition to existing projects, the first quarter of this year also saw the commissioning of several new projects, increasing product output and expectations of increased production value. Most recently, after more than 20 months of construction, the SAB Industrial Plant, under the management of SAB Vietnam Industrial Co., Ltd., was officially inaugurated and put into operation in Bim Son Industrial Park. This project has a total investment of over 62 million USD, specializing in the production of clothing accessories such as zippers, plastic buttons, metal buttons, etc. The commissioning of the project not only creates jobs for more than 1,000 local workers but also contributes to the development of supporting industries for the garment sector, reducing the garment industry's dependence on imported accessories from abroad.
Mr. Wang Wo, General Director of SAB Industrial Plant, said: “We are very grateful to the Thanh Hoa provincial government for their continuous support in ensuring the project is completed on schedule. We are urgently connecting with partners and customers. This year's plan is to achieve a production output of approximately 56 million USD.”
Currently, the Management Board of the Economic Zones and Industrial Parks of the province is actively promoting and attracting investment in projects that bring high economic and social efficiency; creating conditions for existing investors to expand their scale and capacity, especially large-scale and key projects of the province. The unit is also actively urging and supporting projects to ensure construction progress, particularly assisting in resolving difficulties and obstacles for projects such as: the Dong Vang Industrial Park infrastructure project; the Lam Son - Sao Vang Industrial Park infrastructure project; Project No. 1, Duc Giang chemical complex; investment projects of VAS Group and Cong Thanh Group Joint Stock Company... in order to quickly create clean land and bring projects into operation and exploitation. The unit is also strengthening inspection and monitoring of the progress of projects that have been allocated or leased land; advising on the consideration of reclaiming land with long-term delays to allocate to investors capable of implementing projects. Strengthening support and guidance in completing environmental documents and procedures, and ensuring compliance with environmental laws, towards sustainable development.
From 2023 to the present, the Nghi Son Economic Zone and industrial parks have received approval for the investment in many new projects such as: the DST Nghi Son Steel Rolling Mill project with a total investment of VND 5,500 billion; the VNC Aquaculture Zone with a total investment of VND 100 billion; the Dai Duong High-Tech Reinforced Concrete Component Manufacturing Plant with a total investment of VND 1,099 billion; the Nghi Son Global Plant with a total investment of VND 860 billion; the limestone quarrying project for cement raw materials with a total investment of VND 1,142 billion; the Nghi Son Economic Zone 220kV Substation and connecting power lines with a total investment of VND 675 billion... When these projects become operational, the Nghi Son "core" and industrial parks will experience further breakthrough development.
Text and photos: Tung Lam
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