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| The industrial growth structure in Thai Nguyen province still relies heavily on the foreign direct investment (FDI) sector, with the electronics industry playing a leading role. The stable production and sales of Samsung Electronics Vietnam Thai Nguyen Co., Ltd. continue to be an important driving force. (Photo: Provided) |
Industrial production index rises sharply.
According to Thai Nguyen Provincial Statistics, the Industrial Production Index (IIP) for February 2026 is estimated to have increased by 9.34% compared to the previous month and by 15.04% compared to the same period last year. For the first two months of 2026, the IIP increased by 9.26% year-on-year, the highest level for the same period in the 2022-2026 timeframe. This result shows that industrial production continues to maintain positive and stable growth, despite the impact of the Lunar New Year holiday in February.
From an operational perspective, the 9.26% increase shows that the industrial recovery is not a temporary phenomenon but is gradually stabilizing. The processing and manufacturing sector continues to play a leading role with a 9.55% increase; in February alone, it increased by 15.5% compared to the same period in 2015.
Many sectors recorded high growth rates, such as: Paper and paper product manufacturing increased by 33.45%; machinery and equipment manufacturing increased by 33.47%; motor vehicle manufacturing increased by 23.89%; machinery and equipment repair and installation increased by 38.25%...
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| In the first two months of 2026, the Industrial Production Index (IIP) in Thai Nguyen province increased by 9.26% compared to the same period last year – the highest level in the past five years. This result shows that the industrial sector continues to maintain stable growth from the beginning of the year. Photo: TL |
These figures reflect the renewed vibrancy of factories, particularly in the high-tech, mechanical engineering, and construction materials sectors. Electronic product output in the first two months of this year reached 60.2 million units, a 15.5% increase compared to the same period last year; commercial electricity reached nearly 1.28 billion kWh, an 18.3% increase; cement production increased by 12.1%; and iron and steel production increased by 13.4%.
To achieve the 12.5% growth target in the first quarter, a strong breakthrough is needed in the remainder of the quarter to ensure the plan is completed. In this regard, the industrial sector, especially the processing and manufacturing industries, continues to play a key role.
Shifting towards higher value
Thai Nguyen's industrial growth structure still relies heavily on the FDI sector, with the electronics industry playing a leading role. The stable production and consumption activities of Samsung Electronics Vietnam Thai Nguyen continue to be an important driving force, simultaneously driving the development of component supply, packaging, logistics, and supporting service industries.
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| In 2026, Thai Nguyen province aims for an industrial production index (IIP) growth of 14.5% or higher. (In the photo: Solar panel production at Trina Solar Energy Development Co., Ltd. (Yen Binh Industrial Park). Photo: Provided) |
In the first two months of 2026, Thai Nguyen led the country in attracting FDI with nearly $1.7 billion. The capital flow mainly focused on high technology, electronics, and processing and manufacturing industries. The province currently has over 230 active FDI projects with a total registered capital of approximately $11.45 billion, including many international corporations such as Samsung, Trina Solar, and Doosan… investing and operating in industrial parks in the province.
This result shows that Thai Nguyen continues to emerge as a bright spot attracting investment in the northern midland and mountainous region, making a significant contribution to the local industrial growth and exports.
Mr. Nguyen Dinh Viet, Deputy Head of the Industrial Parks Management Board, said: The industrial parks in the area currently have 358 active projects, including 189 FDI projects with a total registered capital of over US$11.45 billion and 169 DDI projects with a total capital of over VND 53,557 billion. The FDI sector plays a leading role in growth, especially in the first months of the year.
Samsung alone employs approximately 30,000-35,000 workers, not including its satellite businesses, with an average income of 9-12 million VND per month. The group's operations also contribute to improving the capacity of domestic businesses through supply chain linkages and the transfer of management and production skills.
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| Immediately after the Lunar New Year holiday, industrial zones and businesses in Thai Nguyen province quickly returned to a vibrant production pace, with increased orders and consequently a high demand for labor. (Photo: Provided) |
Simultaneously, the high-tech and mechanical engineering product groups recorded significant growth, indicating a structural shift towards higher value-added products. Industries such as machinery and equipment manufacturing, metal production, and non-metallic mineral products are contributing to the diversification of the industrial base.
Conversely, mining continued to contract sharply. In the first two months of the year, clean coal production decreased by 19.7%; iron ore by 27.3%; zinc ore by 13.9%; and refined copper ore by as much as 66.7%. In February alone, the mining sector declined by 24.71% compared to the same period last year. This decline reflects the reality of increasingly limited resources, rising mining costs, and increasingly stringent environmental protection requirements.
However, compared to the same period last year, many products still maintained a certain level of growth, indicating that production has not lost momentum but is undergoing cyclical adjustments and market restructuring. This development also reflects the trend of Thai Nguyen's industry shifting towards gradually reducing dependence on mining, increasing the proportion of processing, manufacturing, and higher value-added industries, aiming for sustainable and efficient production in the long term.
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| Transporting raw materials for production at the Black Metallurgy Plant (Thai Nguyen Black Metallurgy Joint Stock Company), ensuring a stable supply for the steelmaking lines. Photo: Provided. |
Mr. Pham Tai Anh, Director of the Coke Plant, a subsidiary of Thai Nguyen Iron and Steel Joint Stock Company, said: "The plant's production activities are currently stable, contributing to ensuring the supply of raw materials for the company's steel production. Sales volume reached approximately 95,000 tons, indicating signs of recovery in the steel market."
The factory continues to maintain production, ensuring stable employment for more than 320 workers. In 2026, increased public investment and the development of social housing are expected to boost demand, creating more room for growth in the steel market.
Maintaining growth momentum through proactive management.
Given the high growth targets, proactively developing and managing according to specific scenarios is a consistent requirement. There is still room to achieve the plan if March generates a breakthrough from key sectors such as electronics, metals, construction materials, and textiles. Conversely, a slowdown in any one sector will shift pressure onto subsequent quarters, increasing the risk for the entire year.
The challenge is not just meeting the targets for one quarter, but maintaining stable and sustainable growth throughout 2026. With a target of 14.5% growth in the industrial production index, the remaining quarters need to maintain a solid growth base and limit large fluctuations. This requires management closely monitoring production realities, orders, output, and export markets; and promptly addressing difficulties related to electricity, logistics, labor, and administrative procedures to avoid bottlenecks hindering production.
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| The infrastructure of industrial zones and clusters in the province has been invested in comprehensively, expanding development space, attracting investors, and increasing budget revenue. Photo: Provided |
Mr. Nguyen Van Phuc, Deputy Head of Thai Nguyen Customs, said: Import and export activities in the area in the first months of the year continued to maintain positive growth. In the first two months of the year, the unit received and processed more than 47,700 declarations, with a total import and export turnover of nearly 8.95 billion USD, an increase of more than 6% compared to the same period last year. In the coming time, Thai Nguyen Customs will continue to promote procedural reforms, ensuring quick customs clearance, contributing to supporting businesses in maintaining production and exports.
In the long term, preparing the space and infrastructure for development is crucial. Planning a concentrated digital technology zone, 26 industrial parks, and 70 industrial clusters helps expand land resources and create a foundation for attracting large-scale, high-tech projects.
Furthermore, the addition of expressways, the adjustment of key transportation routes, and the assurance of stable energy infrastructure demonstrate a proactive approach to removing connectivity bottlenecks, a crucial factor in enhancing competitiveness.
This solution aims to successfully achieve the targets set for the first quarter, while simultaneously creating a foundation to maintain the 14.5% growth rate for the whole year through practical and decisive measures. When these tasks are implemented synchronously, Thai Nguyen's industry will have more favorable conditions to maintain high growth momentum in 2026 and subsequent years.
Some indicators of industrial production in Thai Nguyen province during the first two months of 2026:
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Source: https://baothainguyen.vn/kinh-te/cong-nghiep/202603/tao-da-de-cong-nghiep-but-toc-b032794/
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