Industrial 'pillars' maintain growth

The year 2025 marks many challenges for Thai Nguyen. Natural disasters, storms and floods have damaged transportation, irrigation, warehouses and many residential areas. Many key export markets continue to shrink demand, while input costs fluctuate sharply. At the same time, the province has implemented a two-tier local government model and reorganized administrative units, creating major changes in governance. In the context of such "three obstacles" at the same time, maintaining growth momentum has been a significant effort and the most important driving force is the industrial sector.

In 2025, the industrial production value of the foreign direct investment (FDI) sector in the province will reach VND1,025,473 billion, continuing to play the role of "locomotive". Photo: TL

Industry maintains double-digit growth

The highlight of Thai Nguyen’s industrial growth in 2025 is not only the high growth rate, but more importantly, it creates a solid “stable zone” in the context of global economic fluctuations. The province’s industrial production value is estimated at VND 1,114,645 billion (2010 comparative price), an increase of 12.07% compared to 2024.

This is a meaningful result. It is much higher than the national average, higher than the growth rate of many large industrial provinces in the context of a global shortage of orders; at the same time, it clearly demonstrates the resilience of the business sector in the face of a year of complex natural disasters.

The internal structure of the industry is operating in a modern direction. The foreign direct investment (FDI) sector reached VND 1,025,473 billion, accounting for 92% of industrial production value, continuing to play a leading role in the electronics, components, and precision mechanics industries - fields with high productivity and large contributions to exports.

The domestic industrial sector reached 89,172 billion VND, although accounting for about 8%, but plays an important "foundational" role in creating jobs, providing satellite service chains and contributing regularly to the local budget. The total industrial scale currently exceeds the threshold of 1.1 million billion VND - a level that demonstrates the position of a leading industrial center in the country.

Export garment line at TNG Investment and Trading Joint Stock Company - a domestic enterprise with important contributions to the "stable zone" of Thai Nguyen industry in 2025.

Investment attraction continues to create “new blood” for growth. In the first 10 months of 2025, the province decided on investment policies for 94 domestic projects with a total capital of VND 29,274 billion; granted investment registration certificates to 33 projects with a registered capital of VND 33,337 billion.

For the FDI sector, there were 15 new projects with 164.3 million USD and 44 projects with increased capital with a total additional 336.8 million USD. This is an important indicator of investors' confidence in the province's business environment. In the context of increasingly fierce competition to attract FDI, the ability to maintain the speed of attracting new projects and expanding investment helps ensure that the industrial scale in 2026-2030 will continue to grow.

Stabilizing the supply chain

The remarkable point of Thai Nguyen's industrial growth in 2025 is the results achieved in adverse conditions. Many factories in neighboring localities had to temporarily stop production due to prolonged rain and floods, while industrial zones and clusters such as Yen Binh, Diem Thuy, Song Cong I, II, Nam Pho Yen... still operated stably thanks to well-invested infrastructure in transportation, electricity, water and wastewater treatment. It is this infrastructure that helps the intra-provincial supply chain not to be broken.

Samsung Electronics Vietnam Thai Nguyen Company Limited contributes over 90% of the industrial production value of FDI enterprises in the province. Photo: TL

In fact, large enterprises such as Samsung, Dongwha, Fusheng, TNG… not only avoided disruptions but also increased production at some points, compensating for the decline in the international market. Thanks to that, Thai Nguyen industry has become the focal point to keep the provincial economy in a challenging year.

Another factor is the implementation of administrative unit arrangement and change of local government model. This is a complicated process, creating great pressure on the apparatus, especially in handling procedures related to investment, land, construction - areas that directly impact businesses. However, according to feedback from the base, business production is almost uninterrupted.

Mr. Le Xuan Chinh, Vice Chairman of Van Xuan Ward People's Committee, said: The workload has increased sharply after the merger, especially the documents related to enterprises. However, the management perspective is not to let procedures become a barrier. The apparatus is both perfected and processed documents as quickly as possible so that enterprises can maintain operations. This is a flexible approach, showing the spirit of "not keeping enterprises waiting" of the local government, a factor that directly contributes to maintaining the pace of production.

Industrial parks and clusters in the province continue to attract many domestic and foreign enterprises to invest in production development. Photo: TL

The support of the business community is also very valuable. Mr. Kim Lee Ho, CEO of Doosun Vina Co., Ltd., said: Logistics costs increased by 12-18% during the floods, but businesses still maintained orders thanks to active support from the government in procedures and infrastructure.

For domestic enterprises, the garment, mechanical and construction materials industries are all affected by the decline in consumer markets, but still prioritize keeping jobs for tens of thousands of workers, contributing to stabilizing social security and maintaining domestic demand. Chairman of the Provincial Business Association Nguyen Van Thoi emphasized: It is worth noting that despite great losses, most enterprises still maintain a proactive spirit and strive to overcome difficulties. This is the mettle of Thai Nguyen enterprises in the context of natural disasters.

When placed in the overall provincial economy, the role of industry becomes even clearer. Agriculture has suffered heavy losses; services have recovered but lacked breakthroughs, especially transportation and international trade; public investment has been disbursed well but still faces problems with materials and land. In that context, the over 12% increase in industry is the strongest factor helping the province maintain growth.

Thai Nguyen industrial highlights in 2025:

- Industrial production value is estimated at 1,114,645 billion VND, an increase of 12.07% compared to 2024.

- The FDI sector accounts for 92% of industrial production value.

- There are 15 new FDI projects and 44 projects increasing capital in the first 10 months of 2025.

- Occupancy rate of many large industrial parks reaches over 90%.

There is still much room for development.

Immediately after the flood in early October 2025, many businesses in the province made efforts to overcome the consequences, urgently restore and stabilize production.

In the long term, Thai Nguyen industry continues to have great room for development. The province has approved 19 industrial parks with an area of ​​over 6,400 hectares, many of which are implementing technical infrastructure. The system of 36 planned industrial clusters also creates important space for supporting industries and small and medium enterprises. With the advantage of being close to Hanoi and Noi Bai airport, Thai Nguyen also owns an increasingly strong system of supporting industrial enterprises, contributing to creating an effective intra-provincial supply chain, especially for the electronics industry.

Lessons from 2025 show that when infrastructure is invested synchronously, the investment environment is stable and the government is flexible, businesses will have a solid foundation to respond to natural disasters, market fluctuations and maintain production.

Looking back at a year of many fluctuations, it can be affirmed that industry is the brightest highlight in Thai Nguyen's economic picture in 2025. This achievement is not simply a result of growth, but a testament to the internal strength, the government's management capacity and the business community's spirit of overcoming difficulties.

Industry has maintained the "heartbeat" of the provincial economy during the year of merger and natural disaster and will continue to be the main development axis in the coming period, when Thai Nguyen aims for green, high-tech industry and deeper participation in the global value chain.

According to Thai Nguyen Provincial Statistics, the group of industrial products estimated to have completed or exceeded the yearly production plan includes: Garment products 118.1 million units, up 6.7% over the same period and reaching 100.8% of the plan; iron and steel of all kinds 1,629.4 thousand tons, up 17.1% over the same period and reaching 107.9% of the plan; electronic products 322.6 million units, up 3.8% over the same period and reaching 113.2% of the plan; commercial electricity 7,351.4 million kWh, up 8.5% over the same period and reaching 116.1% of the plan.

Source: https://baothainguyen.vn/kinh-te/202512/tru-do-cong-nghiep-giu-nhip-tang-truong-7504f47/