Maximizing motivation, paving the way for GRDP growth (Last article): Synchronizing solutions, accelerating to the finish line

(Baothanhhoa.vn) - The "sprint" is challenging but not impossible. To "reach the finish line" as expected, it requires synchronization from direction and management, resource mobilization to implementation in each field. Movements from the market, the business community and the political system will be the catalyst for Thanh Hoa to make a spectacular breakthrough in the second half of the year - not only completing the growth target, but also creating sustainable momentum on the new journey.

The newly opened Hai Phong - Nghi Son coastal container transport route is expected to increase the province's budget revenue.

Continue to “nurture” growth drivers

Continuing the upward trend, in July 2025, Thanh Hoa's industrial production index (IIP) increased by 17.05% over the same period, bringing the 7-month increase to 15.17%. Among 18 key industrial products, 10 products recorded strong growth such as: iron and steel increased by 49.8%, cement by 27.3%, fertilizer by 24.7%, ready-made garments by 21.8%, sports shoes by 17.4%... This result reflects a clear recovery trend, especially from large enterprises capable of leading the market.

At Hanoi - Thanh Hoa Beer Joint Stock Company, production and business activities are being promoted with many synchronous solutions. Mr. Do Truong Giang, Deputy Director of the Company, said: "The company continues to invest and improve machinery and equipment to improve production efficiency. At the same time, it focuses on developing new products and innovating designs to meet the increasing demands of consumers. In particular, in addition to the traditional domestic market, this year the company has significantly expanded its market share to the northern provinces, opening up a new direction in the strategy of sustainable market development".

In the context of global oil and gas surplus, high input material prices, reduced profit margins and a market affected by inflation and geopolitical instability, Nghi Son Refinery and Petrochemical Company Limited (NSRP) has proactively implemented a strategy to maintain stable operations, optimize production costs, improve management efficiency and flexibly adapt to market fluctuations.

Mr. Kazutaka Yamato, General Director of NSRP, said: “Excess supply continues to be the main factor governing the market in the coming time, affecting profit margins and operating capacity, especially in the second half of the year when consumption demand decreases after the peak season. To respond, NSRP has synchronously deployed solutions such as ensuring a stable supply of crude oil, diversifying input materials, optimizing production plans and researching to expand the product chain”. Through this, NSRP continues to affirm its commitment to providing stable fuel supply to the domestic market, contributing to ensuring national energy security.

The industry and trade sector assessed that there is still considerable room for growth in many areas. In particular, electricity production has the potential to expand if mobilized to the maximum; public investment is directed strongly, which is a boost to promote the consumption of construction materials such as cement, steel, and bricks and tiles - when cement output has only reached more than 10/24 million tons of the annual target. For the textile and footwear industry, after the US officially announced the tariff rate, businesses can stabilize their new production strategies. Some new industrial projects are also about to come into operation, typically the Radial Tire Factory of Cofo Tire Vietnam Co., Ltd., expected to operate in the third quarter, promising to add production capacity and create added value for the province's industry.

“We are focusing on implementing synchronous solutions to realize the challenging growth target. First of all, it is to stabilize production, closely follow the consumption situation, promptly remove difficulties for businesses in key areas. Along with that, it is to promote trade, expand domestic and export markets, and enhance the presence of Thanh Hoa industrial products in the international market,” said Director of the Department of Industry and Trade Tran Anh Chung.

To create more room for growth, the industry and trade sector recommends that the province prioritize removing bottlenecks of ongoing projects, speeding up site clearance, and completing investment procedures to soon put projects into operation. At the same time, it requires proactive coordination between departments, sectors, and localities, especially local authorities, in handling land, legal matters, and construction organization. This will be an important resource contributing to realizing the province's GRDP growth target in 2025.

To promote public investment, Thanh Hoa province has consolidated working groups and issued many directives and strong urging documents, with the goal of disbursing 100% of the capital plan in 2025. This goal is not only to ensure disbursement progress, but also to create a positive spillover effect to the construction market and material production.

In the export sector, despite being affected by the new US tax policy, many enterprises have still affirmed their competitiveness through quality and professionalism. Ms. Hoang Thi Kim Dung, Director of Hue Anh Garment Company Limited, Vice President of Thanh Hoa Textile and Garment Association, said: Countries with lower tariffs have advantages in labor costs, but lack technical foundation and skills. Meanwhile, products requiring high aesthetics and skills, which are traditional strengths of Vietnam, still retain certain advantages, opening up opportunities for transformation and breakthrough for enterprises if they grasp them in time.

A typical example is at SQSTOY VINA Co., Ltd. - Thanh Hoa Branch, specializing in the production of stuffed animals for export to the US and EU, in which the US market share accounts for 70%. Ms. Le Thi Ly, in charge of business, shared: “We export directly to US partners, currently orders are still abundant and have also recorded a shift from the Chinese market. The company has orders until November 2025, traditional partners still maintain their commitments, just waiting for approval of production volume”.

Thanh Hoa's logistics activities continue to expand their development space when Nghi Son Port has just welcomed a new container shipping line, establishing a coastal transport route Hai Phong - Nghi Son. This is an important milestone in the roadmap to improve logistics service capacity and diversify transportation types here. The new transport route not only increases cargo connectivity, reduces pressure on road transport, but also contributes to reducing logistics costs, promoting import and export, attracting investment and increasing local budget revenue.

The high-end garment industry still has a competitive advantage in the market (In photo: Workers at SAB Vietnam Co., Ltd. produce garment accessories for export).

According to Mr. Tran Tien Dung, Chairman of the Board of Directors of MacStar Group, Vice Chairman of the Vietnam Logistics Service Enterprises Association, shared: "On average, each train on the new route can transport about 200 TEU of goods from 10 - 20 enterprises in the North Central region. It is expected that from 2026, when the demand for goods increases, the frequency of trains will be increased to 6 trips/week, creating new growth momentum for the logistics industry and import-export activities of the province".

Not out of the flow, the tourism industry is also actively innovating products, increasing attractiveness and experiences for tourists. Some new destinations and products have been put into operation such as Tho Doi Ecological Area (or Lamori Resort & Spa), mountain community tourism, adventure tourism... are creating positive effects on the market. In addition, promotional activities and organization of large-scale cultural and sports events have been invested in thoroughly, contributing to affirming the image of Thanh Hoa as a safe, friendly and unique destination.

Expect new "impulses"

Investment capital continues to be one of the important "impulses" promoting growth. In July, Thanh Hoa attracted 15 more direct investment projects, including 4 FDI projects with a total registered capital of VND953 billion and USD213.1 million. As of July 15, 2025, the whole province had attracted 75 projects (including 9 FDI projects), with a total registered capital of VND13,845 billion and USD411.7 million, up 44.8% over the same period last year.

It is worth noting that many projects have been quickly implemented. A typical example is the Van Dien Fused Phosphate and NPK Fertilizer Factory project in Bim Son Industrial Park. With a scale of 22.5 hectares of land attached to technical infrastructure from HUD4 Investment and Construction Joint Stock Company, a total investment of more than 1,489 billion VND, a design capacity of 400,000 tons of Fused Phosphate and 100,000 tons of NPK fertilizer per year, this is one of the modern, environmentally friendly industrial projects, contributing to increasing production capacity, creating jobs and contributing hundreds of billions of VND to the local budget each year.

Along with actively preparing to start construction of WHA Smart Technology Industrial Park - Thanh Hoa phase 1, WHA Industrial Zone Thanh Hoa Joint Stock Company is also urgently completing procedures to start the project to invest in construction and business infrastructure of WHA Smart Technology Industrial Park 2 - Thanh Hoa in the fourth quarter of this year. The project has a scale of nearly 175 hectares, total investment capital of 1,450 billion VND, oriented to develop according to the model of smart, green - clean - modern industrial park.

SQSTOY VINA Co., Ltd. - Thanh Hoa Branch still has abundant orders for stuffed animal production to the US market.

The continued expansion of investment by WHA - Thailand's leading industrial infrastructure group - not only demonstrates investors' strategic confidence in Thanh Hoa's investment environment, but also opens up opportunities to welcome new-generation FDI capital flows, especially in the fields of high technology, electronics industry, renewable energy, and integrated logistics. This industrial park is also expected to become an attractive destination for international investors looking for a strategic location, synchronous infrastructure, professional support services, and a supportive government.

Thanh Hoa province is resolutely removing difficulties in construction materials according to Decision No. 2595/QD-UBND dated July 29, 2025. Accordingly, the province requires units to urgently review and increase the capacity of 9 qualified mines; speed up procedures for licensed mines; and thoroughly handle violations. In the long term, planning, auctioning, and investor selection will be carried out methodically and transparently, associated with sustainable development, creating the most favorable conditions for investment, production, and business activities.

In the long term, identifying industry as a pillar to promote GRDP growth, Thanh Hoa is selectively attracting large-scale, high-tech, high-value-added projects such as petrochemical, pharmaceutical, automobile, electronics, software, etc. At the same time, the province prioritizes the development of labor-intensive industries such as garment, leather shoes, and handicrafts in rural and mountainous areas, contributing to the shift in labor structure and creating sustainable livelihoods.

The province also promotes reforms, flexibly applies central mechanisms combined with local preferential policies, removes obstacles in land clearance, supports infrastructure of industrial zones and clusters, and trains human resources. Trade and investment promotion is oriented in depth, closely following market demand and potential investors. Planning and projects are linked to post-merger regional advantages, gradually creating a solid foundation for economic sectors and fields to develop comprehensively and strongly in the future.

Article and photos: Minh Hang

Source: https://baothanhhoa.vn/kich-hoat-toi-da-dong-luc-mo-duong-cho-tang-truong-grdp-bai-cuoi-dong-bo-giai-phap-tang-toc-ve-dich-257977.htm