Many bright spots from the industrial 'locomotive'

Industrial production has always played a key role in Thai Nguyen's growth. In the context of general economic fluctuations, the province's industrial sector has maintained a stable production pace. The merger of Thai Nguyen and Bac Kan, strong investment in infrastructure, especially connecting traffic, and continued good administrative reform, are expected to open up a new wave of investment in the province's industrial sector, helping it develop more strongly in the coming time.

There are currently 6 industrial parks in operation in Thai Nguyen province, attracting hundreds of investment and production projects. In the photo: The factory of Samsung Electronics Vietnam Thai Nguyen Co., Ltd. located in Yen Binh Industrial Park.

Prosperity from key industries

According to the report of the General Statistics Office, the industrial production index (IIP) of Thai Nguyen continues to remain high, estimated to increase by 8.86% over the same period last year. Notably, the IIP has clearly improved over the months, with an increase of 11.68% in the second quarter.

Key industries such as processing, manufacturing, electronics, metallurgy and garment continue to play the role of "locomotive" of the Northern Midlands and Mountains.

Large industrial parks (IPs) such as Song Cong I, Yen Binh, Diem Thuy, etc. maintain high production efficiency, while continuing to attract new projects, including many projects in the fields of high technology, semiconductor manufacturing, energy batteries, and new materials. In particular, the wave of foreign direct investment (FDI) continues to maintain growth momentum, contributing significantly to increasing the province's industrial index.

Manufacturing electrical wiring equipment at Woojinqpd Vina Co., Ltd. in Diem Thuy Industrial Park.

Located in Diem Thuy Industrial Park, Dongsung Vina Co., Ltd. is a 100% Korean-owned enterprise, specializing in manufacturing auto parts and electronic equipment for export. In the first 6 months of the year, the unit achieved an export value of 5 million USD. Although the results have not yet reached the planned progress, this is only the "run-up" period, because from July to the end of the year is the peak period for boosting production of the enterprise.

With positive signals from the market, the company is confident in achieving its annual revenue target of over 19 million USD. Mr. Lee Sunho, Head of Sales - Import-Export Department of Dongsung Vina Co., Ltd., said: We plan to recruit more staff to meet the production needs of signed orders. In addition to increasing basic salaries, the Company also implements many attractive welfare policies to attract and retain employees.

Many other FDI enterprises are also proactively expanding their production scale, anticipating the market recovery trend. Since the beginning of this year, Mani Hanoi Co., Ltd. has started to build a new factory to increase production capacity. With a methodical business strategy, in 2025, the enterprise aims to increase output by 10%, corresponding to a revenue increase of over 5%.

A representative of Mani Hanoi Co., Ltd. said: The company plans to recruit about 200 more workers to operate the new factories. Thai Nguyen is an ideal place for long-term investment, because of its favorable location, abundant human resources, especially the province's open policies and effective support for businesses.

Not only focusing on the market, industrial enterprises in the province also gradually innovate technology. This is a direction to improve production capacity and increase competitiveness.

At KD Heat Technology Co., Ltd. - a company operating in the field of mechanics and manufacturing, labor productivity is increasing significantly. Although it only has 100 employees, the company still maintains the production of nearly 300 equipment components, totaling nearly 5 million products per year. With 3 main export markets with much room for growth: Japan, Canada and the United States, the company aims for a growth rate of 30%, corresponding to an estimated revenue of about 70 billion VND this year.

Mr. Doan Nhu Hai, Director of KD Heat Technology Thai Nguyen Co., Ltd.: In addition to traditional markets, KD Heat Technology Thai Nguyen Co., Ltd. focuses on developing markets in Europe, the United States, and Canada. We have expanded our factory and invested in more modern machinery to produce high-quality products according to signed orders. The company is expected to achieve a growth rate of 30% this year.

Expanded industrial space

Up to now, there are 6 industrial parks in operation in Thai Nguyen province, including: Song Cong I, Song Cong II, Nam Pho Yen, Yen Binh, Diem Thuy and Thanh Binh. After the merger, the whole province has more than 220 FDI projects still in effect (total investment capital of nearly 11 billion USD); along with 1,095 domestic investment projects still in effect, with a total capital of nearly 1.1 million billion VND.

Investors from Korea, Japan, and the United States continue to expand production in the electronics and supporting industries, considering Thai Nguyen a strategic base in the Southeast Asian supply chain. Vietnam continues to implement new-generation free trade agreements such as CPTPP, EVFTA, RCEP, etc., which also create outstanding competitive advantages for the province, especially in attracting investment in the export industry, where businesses can take advantage of tariff incentives and access large markets.

Mani Hanoi Company Limited needs to recruit more workers to work at new factories.

The merger of Thai Nguyen and Bac Kan provinces to form a new administrative unit with an area of ​​over 8,300 square kilometers and a population of nearly 1.8 million people is considered a "push" to expand industrial development space.

Bac Kan province (old) has strengths in forest resources, minerals and abundant land funds and will become an important "rear" to expand production, develop processing industry, light industry and logistics.

Infrastructure connections between the two provinces have been heavily invested in over the past years, such as National Highway 3, Hanoi - Thai Nguyen - Cho Moi Expressway and the upcoming Thai Nguyen (formerly Bac Kan) - Cao Bang Expressway, which will become the backbone for intra-regional production - consumption and inter-regional trade. The new development space allows for the planning and construction of more industrial parks and clusters and solves the problem of land shortage for current factories.

Continue to break out from a solid foundation

In the planning of the Northern Midlands and Mountains region for the period 2021-2030, with a vision to 2050, Thai Nguyen is determined to become a high-level metallurgical, mechanical, electrical, and electronic center, a digital transformation center of the region; an industrial - urban - service, education, and healthcare center.

In recent years, the province's industrial sector has undergone a very positive shift from the traditional processing and mining production model to high value-added industries using modern, environmentally friendly technology. From a metallurgical center, Thai Nguyen is now emerging as a destination for global technology corporations, with an increasingly diverse production ecosystem.

In addition to promoting FDI attraction, the province also focuses on promoting domestic enterprises to participate more deeply in the value chain, especially in the fields of supporting industries, agricultural and forestry product processing and digital technology application in production. The industrial infrastructure system has also been significantly improved.

Not only stopping at production premises, Thai Nguyen is investing in the synchronous development of logistics infrastructure, warehouses, and inter-regional traffic connections, contributing to reducing operating costs and enhancing competitiveness for businesses. At the same time, the provincial government is actively implementing programs to improve the provincial competitiveness index (PCI), promoting digital transformation in investment management and industrial park operations towards greater transparency and efficiency.

Production of rebar at Thai Nguyen Steel Rolling Factory (Thai Nguyen Iron and Steel Joint Stock Company).

It can be affirmed that, despite facing many objective difficulties, Thai Nguyen's industry still maintains a good production pace, some key industries promise to have breakthrough development thanks to a solid growth foundation, the expansion of industrial space from the merger of Thai Nguyen - Bac Kan and the boost from free trade agreements and local investment support policies.

With increasingly improved infrastructure, domestic resources and investment environment, Thai Nguyen can completely develop into a green and modern industrial pole of the region and the whole country.

Since the beginning of the year, industrial parks in the province have attracted 14 new investment projects, including 9 FDI projects with a total registered capital of over 130 million USD and 5 domestic projects with a total registered capital of over 11.15 trillion VND. To date, the province has 343 valid projects in industrial parks, including 188 FDI projects and 155 domestic investment projects.

Many industrial parks are focusing on investing in completing technical infrastructure and services, creating favorable conditions to attract new projects and expand the production scale of existing projects. This is an important space for the province to continue to increase the value of industrial production and develop sustainably.

Source: https://baothainguyen.vn/kinh-te/202507/nhieu-diem-sang-tu-dau-tau-cong-nghiep-b4a1566/