Industrial production accelerates to the finish line

Key industries recover

Since the end of 2022, Tuyen Quang Iron and Steel Company Limited has invested in the steel industry giant Thai Hung (TQIS). In 2023, the total revenue of the entire Thai Hung system recorded 21,300 billion VND, an increase of 30% compared to 2022, holding 13% of the market share of the Vietnamese construction steel market.

After having a new owner, the factory has applied new management systems and technologies to production. TQIS has applied blast furnace technology to the steel complex in Tuyen Quang with a factory with a synchronous, highly automated production line, a closed production process from mining, ore selection to metallurgy. This factory can produce high-quality steel materials, meeting national standards with a maximum capacity of 550,000 tons of steel of all kinds. Mr. Nguyen Duy Luan, Director of Tuyen Quang Iron and Steel Company Limited, said: Striving for 2024, the factory will produce 280,000 tons of steel, with revenue reaching over 3,000 billion VND, expected to contribute greatly to the growth potential of Tuyen Quang province and the Thai Hung steel industry system. By the end of November, the production unit reached 280,000 tons of various types of steel, estimated to reach 290,000 tons in 2024, exceeding the set target, revenue is estimated at 2,700 billion VND, the enterprise has made a profit after 8 years. Production has recovered after the "storms" in the steel market in recent years.

PlyWood plywood factory of Woodsland Tuyen Quang Joint Stock Company is bustling in the last months of the year.

An Hoa Paper Joint Stock Company is focusing on achieving its production and business goals for 2024. Mr. Hoang Minh Son, Director of Administration and Human Resources of An Hoa Paper Joint Stock Company, said that continuously developing production, creating jobs and stable income for employees is always the top priority of the Company. The Company's pulp production line has a capacity of more than 130,000 tons/year and is running at full load, so by the end of November 2024, it has reached 83,000 tons of products, and is expected to reach 90,000 tons of products by the end of 2024, exceeding the annual plan by 5,000 tons. An Hoa's products have gradually replaced imported products and accounted for 100% of the domestic market share and are being exported stably to 10 countries, with estimated revenue of over 3,000 billion VND/year, contributing to the State budget from 120 to 140 billion VND/year.

Not only the wood industry, the steel industry, the tea industry has also recovered after the Covid pandemic, the export output has reached 100% of the set plan.

Close the order

PlyWood plywood factory these days is working urgently for year-end orders. The treatment regime, good and modern working environment are the factors that help 250 workers here stick with the company for a long time over the past time. This is also the factory that directly produces one of two national brand products. Mr. Nguyen Trung Hieu, Manager of Yen Son 2 factory, Woodsland Tuyen Quang Joint Stock Company shared: Every staff and worker feels very happy and excited when the products they make are recognized and appreciated. At the same time, they are aware of their responsibility in working with the company to improve product quality in the coming time.

Woodsland Tuyen Quang Joint Stock Company in Thang Quan Industrial Park (Yen Son) operates in the field of processing interior and exterior wooden furniture. The company's products are mainly exported to the US, Canada, Japan and European countries, etc. In 2024, the company is expected to produce more than 41,000 m3 of various types of wood, achieving revenue of over 2,000 billion VND, paying the state budget over 66 billion VND, creating stable jobs for over 2,400 workers, with an average salary of 6 million VND/person/month. Mr. Vu Hai Bang, General Director of Woodsland Joint Stock Company affirmed: Surpassing more than 1,000 enterprises, Woodsland Joint Stock Company became one of the outstanding enterprises honored in the program of announcing products achieving Vietnam National Brand in 2024. Achieving the National Brand title not only affirms product quality but also demonstrates Woodsland's commitment to providing quality, environmentally friendly wood products. Therefore, the company has had export orders until the end of the first quarter of 2025.

With many solutions and efforts to overcome difficulties, most FDI enterprises are waiting to reap the "sweet fruit". At this time, MSA-YB Company Limited has received enough orders for 100% of workers to work until the end of January 2025. To ensure orders, workers have worked overtime 2 hours/day. Currently, the company exports finished products to partners every week according to signed contracts. The company's main export markets are the US and Japan. Mr. Nguyen Quang Huy, Head of Administration Department of MSA-YB Garment Company, Long Binh An Industrial Park, added that the company's revenue in 2024 is expected to increase by 15 - 20% compared to 2023.

A series of other FDI enterprises such as: Seshin VN2 Co., Ltd., Chung JYE Shoe Manufacturing Co., Ltd.; WooJin Vina Korea Co., Ltd.;... orders also increased from 5% - 20% compared to 2023. Many enterprises produced beyond the plan and increased compared to the same period in 2023. Some enterprises have also found large orders for 2025.

According to the Department of Industry and Trade, in addition to the initiative and efforts of enterprises, all levels, sectors and localities in the province have actively accompanied and supported with specific actions. The province has cut many administrative procedures, improved the investment and business environment, enhanced competitiveness; strengthened trade promotion; actively removed difficulties for enterprises... The industrial production value (according to 2010 comparative prices) is expected to reach VND 23,730 billion by the end of 2024, an increase of 16% compared to 2023, the added value of the industrial sector in 2024 increased by 14.71% compared to 2023.

Source: https://baotuyenquang.com.vn/san-xuat-cong-nghiep-tang-toc-ve-dich-202828.html