Industrial production strives to maintain positive growth momentum

Production and assembly line of Hyundai Thanh Cong Automobile Factory, Gian Khau Industrial Park (Gia Vien).

Efforts from the business side

In the context of the world economy continuing to have many uncertainties, especially the impact of the US tariff policy along with the high prices of raw materials and fuels and the unstable consumer market, the industrial sector of Ninh Binh province still maintains a positive growth rate. This not only shows the dynamism and flexibility in economic management of the authorities at all levels, but also clearly demonstrates the intrinsic resilience of the business community in the province.

According to a report from Hyundai Thanh Cong, in May 2025, the factory's revenue is estimated at VND 9,077.7 billion; output is estimated at 21,168 vehicles of all kinds, reaching 36.7% of the yearly plan; export value is estimated at USD 10.16 million; import value is estimated at USD 252.4 million; budget contribution is estimated at VND 4,248.3 billion; jobs are created for 1,526 workers, with an average salary of VND 9.3 million/person/month.

Mr. Nguyen Minh Son, General Director of Hyundai Thanh Cong Vietnam Factory said: Recently, in addition to distributing in the domestic market, Hyundai Thanh Cong is researching to expand exports to new markets to diversify consumption channels and reduce dependence on traditional markets. At the same time, it has successfully exported to a number of ASEAN countries, including exporting finished Palisade and Santafe hybrid cars to Thailand and semi-finished SKD models Accent and Creta to Myanmar... This is the premise for Hyundai Thanh Cong to research a number of projects to markets such as Malaysia, Brazil, Kazakhstan, and Laos.

It is expected that by 2025, revenue will reach VND6,861 billion, with an estimated sales volume of 11,000 vehicles. These figures demonstrate the strong vitality of the business, and also reflect the importance of removing barriers to create conditions for businesses to develop more sustainably.

Regarding Ninh Binh Fertilizer Plant, in May 2025, the output reached 52,000 tons of urea, an increase of 14.3% over the same period last year. Although domestic fertilizer prices fluctuated, thanks to optimizing the production line and controlling input costs, the production efficiency of the Plant was maintained. The Plant's urea products were not only stably consumed in the Northern Delta region but also widely distributed to the Central and Central Highlands provinces, contributing positively to stabilizing agricultural prices.

Currently, Ninh Binh Fertilizer is actively perfecting the CO2 recovery and reuse system in production, aiming for green development and reducing greenhouse gas emissions. Talking to us, Mr. Nguyen Viet Hien, General Director of Ninh Binh Fertilizer Company Limited said: With the current market and production situation, it is expected that in 2025, the Company will have a profit of over 200 billion VND when the Group's debt restructuring is resolved. The Company will continue to innovate, reform, and digitally transform, focusing on striving to complete and exceed the production and business plan, together with the Group and Ninh Binh province, striving to achieve the double-digit growth target in 2025.

Creating momentum for achieving annual growth targets

According to the report of the professional agency, in May 2025, the industrial production index (IIP) of the whole province is estimated to increase by 6.68% compared to the previous month and increase by 4.57% compared to the same period in 2024. In the first 5 months of 2025, the IIP increased by 8.99%, in which the processing and manufacturing industry is the main pillar, increasing sharply by 11.25%, affirming the clear recovery and development trend of the production sector.

The province's industrial production value in May was estimated at VND9,463.2 billion, up 4.6% over the same period last year. In the first 5 months of the year, the production value reached VND42,899.1 billion, up 7.2%. In particular, the processing and manufacturing industry continued to play a key role with VND42,104.1 billion, accounting for over 98% of the total value and up 7.8% over the same period.

From the above positive growth figures, it is easy to see the positive changes in the structure of industrial products. Products with high added value, high technical content or suitable for international market demand continued to grow strongly. Specifically, in May, products such as camera modules (21.6 million units, up nearly 2.3 times), camera lenses (up 63.7%), dolls (up 78.9%), or prefabricated metal house components (up 40%) showed the vibrant development of the group of products serving export and high-end consumption. Similarly, traditional products such as canned pineapple (up 2.4 times), sweet corn, mineral water, NPK fertilizer, clothes of all kinds... all recorded impressive growth.

In the first 5 months of 2025, many key products maintained strong growth such as: camera modules (up 43.5%), cement (up 24.5%), all kinds of clothing (up 14.4%), cargo vehicles (up 25.6%), showing a comprehensive development trend, not only in the consumer goods group, but also in heavy industry and mechanical assembly.

However, there were still some products that recorded declines such as animal feed (down 3.2%), float glass (down 2.4%), mobile phone headsets (down 91%), and electricity generation (down 69.5%), reflecting adjustments to market demand and the impact of international competition as well as rising input costs.

According to Mr. Duong Duc Dang, Director of the Department of Industry and Trade: Since the beginning of the year, the province's industrial production has continued to maintain a stable growth momentum. Enterprises have proactively adapted and maintained production pace in the context of many difficulties. This result shows the province's strong leadership and the joint efforts of the entire industry.

To achieve the industrial growth target in 2025, the Industry and Trade sector will focus on synchronously implementing a number of key solutions. First of all, continue to strongly improve the investment environment, closely coordinate with relevant sectors to promptly remove difficulties and obstacles for businesses, especially in administrative procedures, production premises and access to capital. Along with that, promote support for digital transformation, application of new technologies in production, to increase productivity and competitiveness of industrial products in the market.

At the same time, the Ministry of Industry and Trade will coordinate with training institutions to develop technical human resources to meet the requirements of restructuring the industry towards modernity and sustainability. The province also prioritizes attracting investment in clean industry, supporting industry and high-tech industry, associated with environmental protection and resource conservation.

“We clearly identify 2025 as a pivotal year for Ninh Binh industry to maintain growth momentum and create a breakthrough foundation for the following years. The Department of Industry and Trade commits to accompany businesses, resolutely implement solutions, strive to complete and exceed assigned plan targets”- Director of the Department of Industry and Trade emphasized.

Article and photos: Nguyen Thom

Source: https://baoninhbinh.org.vn/san-xuat-cong-nghiep-no-luc-duy-tri-da-tang-truong-tich-cuc-046752.htm