Industrial production maintains growth momentum

In the context of the global economy still having many fluctuations, the industrial sector of Thai Nguyen province recorded positive signals. Industrial production recovered positively in the second quarter of 2025, contributing to the results of the first 6 months of the year, continuing to be a bright spot in the economic "picture" of the province.

Thai Nguyen focuses on planning industrial parks and clusters in the southern region of the province to attract investment. Photo: TL

Closely following the Industrial Park Development Plan in Thai Nguyen province for the period 2021 - 2030, with a vision to 2050, the Department of Industry and Trade coordinates with the Department of Construction and the Provincial Industrial Park Management Board to complete the general planning project for the construction of Tay Pho Yen Industrial Park - Urban - Service Area until 2045; submit for appraisal and approval of the adjustment of the detailed planning at a scale of 1/500 of Tan Tien Resettlement Area to serve the site clearance of Song Cong II Industrial Park; approve the task of setting boundary markers, organize the setting of boundary markers and hand over the boundary markers of the construction planning of Yen Binh 2 Industrial Park, Yen Binh 3 Industrial Park and Thuong Dinh Industrial Park.

At the same time, a project to adjust the construction zoning plan of Thanh Binh Industrial Park, Phase II, was established. For Cho Moi 1 Industrial Park, the Provincial Industrial Park Management Board submitted to the Provincial People's Committee for approval the adjustment of the Plan for selecting contractors to develop the planning project. Cho Moi 2 and Cho Moi 3 Industrial Parks have so far completed the planning task approval and are implementing the next steps. Cho Moi 4 Industrial Park is developing a project and is expected to be submitted for approval soon.

In the first 6 months of the year alone, the Department of Industry and Trade has appraised the dossiers proposing the establishment and expansion of 4 industrial clusters (ICs), including: Minh Duc 1 IC (67.37ha, registered investment capital of VND 992.84 billion); Luong Son 2 IC (68ha, over VND 1,140 billion; dossier proposing the expansion of Bao Ly - Xuan Phuong IC (46.84ha, over VND 673 billion); Cau Binh IC (34.68ha, over VND 447 billion). For the northern communes of the province, the competent authorities have advised the Provincial People's Committee to establish 5 ICs: Cam Giang IC; Huyen Tung 2 IC; Tan Tu IC; Binh Trung IC; Quang Chu 1 IC with a total area of 166.5ha, registered investment capital of VND 1,513.7 billion.

Along with carrying out legal procedures, the provincial departments, branches and localities have coordinated with investors to accelerate site clearance to start projects on schedule. On April 19, BMK Group Joint Stock Company held the Groundbreaking Ceremony for the Yen Binh 3 Industrial Park Infrastructure Investment and Construction Project.

The Yen Binh 3 Industrial Park infrastructure construction and business investment project was approved in principle on January 8, 2025, with a scale of over 295.34 hectares and a total investment of over VND 4,139 billion. The project is located in Diem Thuy and Nga My communes (Phu Binh), now Diem Thuy commune.

In the process of arranging and merging administrative units, with the motto "running while queuing", the People's Committees of communes and wards accelerate the progress of site clearance for established industrial parks, creating conditions for investors to quickly disburse capital, start construction, and contribute to the economic growth of the province in 2025. For example, Quan Trieu ward (Son Cam 1, Son Cam 2, Son Cam 3 industrial parks); Quang Son commune (Quang Son 1 industrial park); Ba Xuyen ward (Ba Xuyen industrial park); Bach Quang ward (Luong Son industrial park); Song Cong ward (Khuynh Thach industrial park); Phu Binh commune (Hanh Phuc - Xuan Phuong industrial park); Diem Thuy commune (Diem Thuy industrial park); Cho Moi commune (Quang Chu industrial park)...

Garment is one of many sectors that maintains good growth momentum.

The economy in the first 6 months of the year took place in the context of changes in US tariff policies, leading to a downward trend in demand from major markets. With the proactive and timely grasp of difficulties of enterprises, the provincial authorities and sectors always affirm their role in accompanying and supporting enterprises in production and business activities.

Thanks to that, the investment attraction work has achieved positive results. The whole province has issued 14 new Investment Registration Certificates for 9 FDI projects, with a total registered investment capital of over 130.289 million USD and 5 DDI projects, with a total registered investment capital of over 11,152 billion VND.

Although the industrial production value has not reached the expected level, it still maintains the growth momentum. According to the report of the Department of Industry and Trade, the estimated industrial production value in the first 6 months of the year reached 443.6 trillion VND, up 4.6% over the same period. Of which, the local industrial sector is estimated at 20.8 trillion VND, up 8.6% over the same period and reaching 41% of the yearly plan; the foreign-invested industrial sector is estimated at 410.2 trillion VND (accounting for 92.5% of the total industrial production value in the area), up 4.4% over the same period; the central state sector is estimated at 12.6 trillion VND, up 7.1% over the same period.

Total import and export turnover of goods is estimated at 24.5 billion USD, up 2.3% over the same period. Of which, export value is estimated at 15.3 billion USD, up 0.2% over the same period and equal to 50.3% of the yearly plan.

For Bac Kan province (old), the industrial production value is estimated at 1,050 billion VND, up 17.85% over the same period and reaching 46.13% of the yearly plan. The total import and export value in the first 6 months is estimated at 25 million USD, up 16.28% over the same period and reaching 55.5% of the yearly plan.

In the last months of the year, the Department of Industry and Trade continues to coordinate with departments, branches, People's Committees of communes and wards to speed up the progress of compensation and site clearance for industrial parks and industrial clusters, creating conditions for infrastructure investors to carry out construction procedures; increase investment attraction for secondary projects, contributing to creating new capacity for the economy. This is the premise for Thai Nguyen to set the goal of building the province into a modern industrial center with high average income before 2030, striving to become a developed province with high income before 2045.

In Thai Nguyen province, 40/68 industrial parks have been established with a total area of 1,472.9 hectares; total registered capital is 15,727 billion VND; 14 industrial parks have come into operation, attracting 76 projects/production and business establishments (of which 60 projects/establishments have come into operation), with a total workforce of nearly 12,000 people.

Source: https://baothainguyen.vn/kinh-te/202507/san-xuat-cong-nghiep-duy-tri-da-tang-truong-5681bd8/