In recent times, the Vinh Long industry and trade sector has continued to play a pivotal role by maintaining stable growth in key sectors such as processing industry, trade and services, and export. Not only supporting enterprises to overcome difficulties, the sector has also proactively expanded the space for industrial and commercial development, creating a foundation for sustainable growth in the coming period.
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| Trade and service activities play an important role in promoting domestic consumption. |
Promoting regional connectivity potential
According to the Department of Industry and Trade, industrial production in the first 6 months of the year recorded positive signals. The province's industrial production index (IIP) increased by 14% over the same period last year.
Some industries with high growth rates include: wood processing, food, chemicals, clothing, non-metallic mineral products and prefabricated metals... Commercial electricity output reached more than 2,595 million kWh, up 3.23%; the rate of households using electricity reached 99.85%, ensuring daily life and production needs.
Trade and service activities continued to flourish. Total retail sales of goods and consumer service revenue reached over VND111,366 billion, up 16.09%. Export turnover was estimated at over USD1,863 million, up 17.64%; in which, the main export products included leather shoes, machinery and equipment, means of transport, handbags, suitcases, etc.
Import turnover decreased by 8% due to the impact of the expected US tax policy, causing many businesses to hesitate in signing new orders.
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| Industrial production continues to be an important growth driver, contributing to promoting stable and sustainable local economic development. |
Regarding industrial development, the province has planned 31 industrial clusters with a total area of over 1,655 hectares. There are currently 22 projects registered for investment, with a total capital of over VND 5,020 billion, creating jobs for nearly 9,500 workers. The trade and service system continues to be invested in and expanded with 401 markets, 16 supermarkets, 6 shopping centers, and over 130 convenience stores.
Industrial promotion, trade promotion, e-commerce development and market management have many positive changes. The industry and trade sector coordinates with relevant units to grasp the production and business situation and promptly support enterprises to overcome difficulties. Promotional programs, fairs, and domestic and foreign trade connections are implemented with focus, contributing to promoting goods and supporting enterprises to expand markets.
In the first 6 months of the year, the Department of Industry and Trade accepted 11 projects to support the application of machinery in rural industrial production with a total budget of nearly 3.9 billion VND; organized 3 foreign trade promotion delegations, helping businesses sign many contracts and cooperation agreements.
However, according to Mr. Tran Quoc Tuan - Director of the Department of Industry and Trade: "The US market accounts for 57%, Europe accounts for 39% of the province's total export turnover. Therefore, the US applying a 20% tax rate can seriously affect the competitiveness of many key products such as fresh coconut, coconut products; fresh and frozen fruits; seafood; textiles...".
Mr. Tuan also predicted that the coconut industry will be hit doubly hard when raw coconut prices increase, while output decreases due to increased export costs. Some businesses forecast that profits in the third quarter of 2025 could decrease by 30-50% due to a lack of raw materials and narrowed output.
The industry and trade sector is urgently reviewing the number of enterprises operating in the energy sector, in order to assess the potential for green and sustainable development. In the context of the two old localities ( Tra Vinh , Ben Tre) developing renewable energy in separate directions, integrating the planning of industrial clusters according to the new localities is an urgent requirement, in order to promote the potential for regional connectivity and promote the synchronous development of coastal industrial space in the coming period.
Proactive resources, accelerated investment
Looking ahead, Mr. Nguyen Truc Son - Member of the Provincial Party Standing Committee, Vice Chairman of the Provincial People's Committee, suggested that the industry and trade sector should continue to promote its role as a pillar sector in economic development, proactively seize opportunities, maximize resources, and focus on implementing a number of key tasks in the last 6 months of the year.
The Vice Chairman of the Provincial People's Committee emphasized: "The industry and trade sector needs to quickly complete the organization and apparatus arrangement of the Department of Industry and Trade after the merger to be effective and efficient. At the same time, focus on and advise the Provincial Party Committee and the Provincial People's Committee to develop and implement solutions for industrial and commercial development.
It is necessary to urgently review and fully update to integrate the planning of industrial parks and clusters for the period 2026-2030 (based on the data of the three provinces of Vinh Long, Tra Vinh, Ben Tre); coordinate with departments and branches to speed up the progress of investment in technical infrastructure for projects in the fields under their management such as industrial parks, energy, trade, etc.
We must go to every alley, knock on every enterprise to grasp difficulties, accompany and remove obstacles; need to proactively advise on programs to support enterprises, improve production capacity, consume goods, promote local advantages in the new context. At the same time, create conditions to attract strategic investors, especially investment projects to develop the processing-manufacturing industry, energy, consumption, export, and supporting industries.
In addition, the commercial sector needs to continue to stimulate consumer demand through trade promotion, product promotion, exhibitions and fairs; expand domestic and foreign markets with focus and key points; strengthen international economic integration. Synchronously develop traditional and modern trade, promote e-commerce, digital trade, develop distribution systems, and stabilize sales points.
According to the Department of Industry and Trade, in the coming time, the industry will accelerate the completion of technical infrastructure for industrial clusters in Hiep My Tay, Tan Ngai, Binh Phu, Tan Binh, Thuan An, Phong Nam; issue criteria for selecting investors, attracting secondary enterprises, forming a satellite industrial network serving local raw material areas. Linking the development of industrial clusters with local land use planning, technical labor and logistics connection. Monitoring and supporting the implementation of 5 wind power projects; biomass power plants and green hydrogen production plants. |
Strengthen inspection, control and strict handling of smuggling, trade fraud, counterfeit and poor quality goods. At the same time, promote administrative reform, apply information technology and digital transformation throughout the industry to improve productivity and service quality.
“With the spirit of solidarity, innovation in management thinking, proactively removing difficulties and close coordination between sectors and localities, it will be the key for the industry and trade sector to make a breakthrough, contributing to the successful implementation of the province's socio-economic development goals in 2025 and the following years,” Mr. Nguyen Truc Son emphasized.
Article and photos: THAO TIEN
Source: https://baovinhlong.com.vn/kinh-te/202507/nganh-cong-thuong-giu-da-tang-truong-8d31473/
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