Industry affirms its role as a pillar of growth

Produced at Hoa Tho Textile and Garment Joint Stock Corporation. Photo: M.QUE

Business continues to grow

At the end of June, Truong Hai Auto Corporation (under Truong Hai Group - THACO ) signed a bus distribution cooperation agreement with BJ Mercantile Group (Philippines) and handed over a batch of THACO Cruizer 125 seater buses to the Bicol Isarog transport enterprise.

It is known that all products are researched and developed by a team of engineers and manufactured at the THACO bus factory in THACO Chu Lai, Tam Hiep Industrial Park, Nui Thanh Commune. This is the largest automobile industrial center in Vietnam with modern technology, automation processes and comprehensive digital management.

Over the past 6 months of 2025, Truong Hai Auto Corporation has delivered more than 1,200 new generation buses under the THACO BUS brand to partners and all produced in Da Nang .

2025 is also the third year that THACO Chu Lai enters a new investment cycle, forming a new generation of multi-industry industrial ecosystem of THACO in Chu Lai on the basis of industrial management, green, smart, modern and sustainable development; including centers: automobile manufacturing and assembly; mechanical engineering and supporting industry; transportation; agricultural and forestry processing; trade - services and urban areas with full facilities and essential services of social infrastructure.

The total investment capital disbursed by Truong Hai Group in Chu Lai in 2025 is about 3,600 billion VND.

Meanwhile, Hoa Tho Textile and Garment Corporation has just announced its business results for the second quarter of 2025 with a net profit of more than VND 129 billion, an impressive growth of 70% over the same period last year.

During the period, Hoa Tho's net revenue reached nearly VND 1,310 billion, up 20% compared to the second quarter of 2024. Cost of goods sold increased only slightly, helping gross profit margin improve significantly, from 13.8% to 16.5%.

Financial activities also contributed positively to profit growth, when financial revenue reached VND31.6 billion, up 25%, while financial expenses only increased slightly, at the same time, sales expenses decreased sharply by 18%, creating more room for profit margin expansion.

Mr. Nguyen Ngoc Binh, General Director of Hoa Tho Textile and Garment Joint Stock Corporation, said that the domestic textile and garment industry has recorded clear signs of recovery since the beginning of the year. In the second quarter, Hoa Tho not only maintained a stable number of orders but also took advantage of the increasing trend of yarn prices, proactive financial investment policies and the ability to strictly control costs to improve business performance.

Accumulated in the first 6 months of the year, Hoa Tho's revenue reached 2,587 billion VND, an increase of 14% over the same period last year.

Industry is growing strongly

According to the Danang City Statistics Office, the industrial sector in the first 6 months of 2025 is estimated to increase by 11.95% over the same period in 2024, showing a strong recovery and breakthrough of the manufacturing sector.

Truong Hai Auto Corporation is implementing many projects to promote industrial production in Da Nang. Photo: PV

Industrial growth is thanks to the steady development of the processing and manufacturing industry in industrial parks in both Da Nang city and Quang Nam province (old), especially in the electronics, mechanical, and consumer product industries.

Manufacturing activity has been boosted again thanks to increased domestic and export demand, along with the stability of the supply chain.

The city's processing and manufacturing industry recorded a growth rate of 11.59%, playing a key driving role in the entire industry and contributing greatly to the overall economic growth of the region.

Notably, many specific manufacturing industries recorded high growth rates thanks to positive spillovers and diversification of industrial production structures.

Some industries with outstanding growth include the production of other means of transport, which increased sharply by 46.53%, showing signs of recovery and expansion of high-tech industries; repair, maintenance and installation of machinery and equipment increased by 54.37%, reflecting the increased demand for maintenance and modernization of production machinery.

In addition, traditional industries also recorded high growth rates such as: wood processing and wood product manufacturing increased by 31.73%; pharmaceutical, chemical and medicinal material manufacturing increased by 22.73%; non-metallic mineral products increased by 25.8%; rubber and plastic products increased by 17.28%...

Ms. Le Thi Kim Phuong, Director of the Department of Industry and Trade, said that the strong and even growth in many sub-sectors shows that the city's processing and manufacturing industry as well as industry are asserting their key role, having high spillover effects and are shifting towards increasing added value, applying technology and expanding end products. This is a positive signal for the city's sustainable industrial development in the coming time.

To promote industrial production growth, the department continues to promote administrative reforms, reduce the time for carrying out procedures for enterprises, especially procedures for implementing new investment projects and expanding investments in the industrial sector, ensuring progress in completion and operation, and adding additional capacity to the industrial sector.

The Department of Industry and Trade is also researching and proposing the establishment of new industrial clusters in communes and wards in the city to meet the need to relocate concentrated industrial production facilities in communes and wards; reviewing and advising on adjusting and supplementing the resolution to support investment in developing infrastructure for industrial clusters.

Source: https://baodanang.vn/cong-nghiep-khang-dinh-vai-tro-tru-cot-tang-truong-3298363.html