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| The recently completed route connecting DT.261 and DT.266 contributes to promoting industrial development in the southern districts of the province. Photo: Manh Hung |
Maintain growth momentum
In 2024, Vietnam's economic growth will exceed many forecasts of world economic organizations. Our country's economic scale will reach over 470 billion USD, ranking 32nd in the world and being in the top 20 leading economies in terms of trade and investment attraction.
Contributing to that common achievement, Thai Nguyen province overcame difficulties caused by the impact of storm No. 3, achieving a total budget revenue of VND 20,403 billion, equal to 104.6% of the plan, the highest ever.
Compared to 25 provinces and cities in the North, Thai Nguyen ranks 9th, in the top 10 localities with the highest revenue in the North, self-balancing budget and having a rate of regulation to the central budget.
Economic growth rate reached 6.22%; gross regional domestic product (GRDP) in 2024 reached 162.5 trillion VND, 1.4 times higher than in 2020; export value reached 27.6 billion USD, up 12.7% compared to 2020. In that achievement, there is a positive contribution from the business community.
With over 10,000 enterprises, in 2024, Thai Nguyen will have 4 enterprises in the Top 500 largest enterprises in Vietnam.
Thai Nguyen province's administrative reform indexes in 2023 are all highly ranked: Provincial Governance and Public Administration Performance Index (PAPI) ranked 2nd nationwide; People's Satisfaction Index of State Administrative Services (SIPAS) ranked 2nd; Administrative Reform Index (PAR INDEX) ranked 6th nationwide.
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| Phu Binh District People's Committee directed to speed up the construction progress of the resettlement area of Ring Road V to facilitate the quick settlement of affected people. |
Key inter-regional transport infrastructure, industrial and service infrastructure and a number of projects with wide spread and great impact on socio-economic development are receiving investment attention. Projects are being accelerated for completion such as: The project of the connecting route connecting Thai Nguyen, Bac Giang and Vinh Phuc provinces; the project of the Ring Road V section from Phu Binh district to Bac Giang province; large industrial parks with a scale of over 4,200 hectares are being formed; the project to build the Headquarters of the Thai Nguyen Provincial Agencies; the project to build Thai Nguyen Stadium; 2 international-class golf courses are being completed...
The province has always focused on implementing movements to eliminate temporary and dilapidated houses and poverty reduction with many remarkable results. By the end of 2024, the poverty rate will decrease to 2.1%.
Speaking at a recent provincial forum, Chairman of the Thai Nguyen Provincial Business Association Nguyen Van Thoi emphasized: “The business community highly appreciates the province's drastic leadership and management in socio-economic development. In particular, departments, branches, and localities have actively improved the investment and business environment, supported small and medium-sized enterprises in digital transformation, and improved management and administration capacity. Enterprises and businessmen feel a new breath of life has come.”
Public investment leads and activates social resources
Determining the growth target of 10.5% or more in 2025 is a difficult and challenging task, but it needs to be determined to complete it to create momentum, create strength, and create a position for double-digit growth in the following years. Right from the beginning of the year, the Provincial People's Committee issued directives on key tasks and solutions, breakthroughs to promote economic growth; and disbursement of public investment.
Regarding investment, the province directed the Tax sector to effectively implement budget collection solutions, ensuring revenue exceeds the assigned budget target; drastically deploy spending-saving measures to focus resources on development investment spending.
Focus on promoting disbursement of public investment capital, especially key programs, projects and works; resolutely reclaim projects that are not implemented according to plan, resolutely eliminate unnecessary public investment projects; seek new investment resources.
It is estimated that by the end of March 2025, public investment capital payment in the whole province will reach over 1,207 billion VND, reaching 21.6% of the capital plan assigned by the Prime Minister and 16% of the local plan.
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| Thai Nguyen Customs is always available 24/7 to support businesses with customs clearance procedures for import and export of goods. |
Regarding exports, the province strengthens trade promotion, boosts exports; builds brands, advertises, enhances the value and quality of OCOP products, especially tea products, aiming for the Thai Nguyen tea industry to soon reach a revenue of 1 billion USD. Supports businesses to meet new standards of the export market such as: green standards, origin of goods
Immediately after Viglacera Corporation - JSC held the groundbreaking ceremony for the Song Cong II Industrial Park Infrastructure Investment and Business Project - Phase 2, the Provincial People's Committee directed departments, branches, sectors and localities to continue to accelerate the appraisal, decision and approval of investment policies and investors to carry out the construction and business of infrastructure of new industrial parks (IPs) such as: Thuong Dinh IP, Yen Binh 2 IP, Yen Binh 3 IP, Phu Binh Industrial Park - Urban - Service and submit to competent authorities for approval of the general planning of Tay Pho Yen Industrial Park - Urban - Service... to create a clean land fund to attract investment. Along with that, it is necessary to soon put key traffic projects into use, promote the clearance of industrial and service infrastructure to lead, activate and attract all social resources.
With the above solutions, Thai Nguyen has become a “magnet” in attracting investment. In the first 3 months of the year, the province granted new licenses to 4 FDI projects with a total registered capital of 104.9 million USD; adjusted capital increases for 11 projects with a total registered capital of 128.1 million USD. In total, the province currently has 224 valid FDI projects with a total registered capital of 11.16 billion USD.
“We are determined to complete the production and business targets of each enterprise, contributing to the completion of the goals and tasks of Thai Nguyen province. More than that, from 2025, Vietnam will enter the era of national development, accelerating to become strong and prosperous, so our business community must be the pioneering force,” Mr. Nguyen Van Thoi added.
2025 is identified by the province as the year of breakthrough acceleration to achieve the double-digit growth target. With the achievements that have been made and the good feelings with new spirit, new determination and new achievements, Thai Nguyen confidently enters the era of development, the era of prosperity for "Thai Nguyen Digital - Green - Happy".
In the first quarter of 2025, the total social investment capital in the province is estimated at nearly 14.3 trillion VND, equal to 86.5% of the previous quarter and an increase of 8.7% over the same period. Of which, capital of the domestic economic sector is estimated at nearly 7.4 trillion VND, equal to 76.1% of the previous quarter and up 3.0% over the same period, capital of the economic sector with foreign investment is estimated at nearly 6.9 trillion VND, up 1.6% over the previous quarter and up 15.7% over the same period. |
Source: https://baothainguyen.vn/kinh-te/202504/kinh-te-thai-nguyen-truoc-van-hoi-lon-7f02694/
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