Production efforts, high contribution to growth

Accounting for an “overwhelming” proportion in terms of production and export value; contributing to the State budget up to 55% of the total revenue of the province - in fact, this proportion is much higher if not counting the revenue from land use fees which is determined to lack sustainability. Nghi Son Economic Zone and Industrial Parks (KKTNS&CKCN) are continuing to affirm their key role in the province's striving goals.

Production operation at Nghi Son 1 Thermal Power Plant (KKTNS).

A difficult year for the cement industry due to fierce competition in the output market, Nghi Son Cement Company still achieved revenue of 6,100 billion VND, contributing 170 billion VND to the State budget. According to Director of Nghi Son Cement Plant Hino Takafumi, facing challenges in output, the enterprise has focused on finding and increasing export output in demanding markets such as the Philippines and

Singapore. Along with applying technological solutions to reduce production costs and improve quality, the company has completed certifications according to strict international standards to compete successfully in these markets and determined this to be a strategic direction, throughout the coming time.

In 2024, VAS Nghi Son Group Joint Stock Company will continue to promote exports as well as diversify domestic markets. Up to now, VAS brand steel products have been exported to Korea, China, Taiwan, Japan, Guatemala, the US... According to the representative of VAS Nghi Son Group Joint Stock Company, the reason why the products are welcomed and highly appreciated by demanding markets such as the US and Japan is not only because they meet strict regulations of origin, rigorous inspection processes, international quality requirements and delivery time, but also because of the criteria of "green, clean steel" produced on the "circular" economic model. In 2024, VAS Nghi Son Group Joint Stock Company achieved revenue of 16,600 billion VND, contributing more than 1,000 billion VND to the State budget.

Also in the NSK, many leading enterprises have achieved production and business results with a fairly high growth rate and continue to play a key role in the goal of increasing State budget revenue. Typically, Nghi Son Refinery and Petrochemical Company Limited produces and exports to the market more than 9.7 million tons of various products; including 8 million tons of gasoline and many petrochemical products such as sulfur, benzene, and polypropylene. This enterprise has paid the 2024 budget up to VND 24,700 billion. Northern Vietnam Vegetable Oil Company Limited with revenue of VND 1,450 billion; paid the State budget VND 105 billion. All power plants operate at their designed capacity; in which, Nghi Son 2 Power Company Limited operates at the maximum capacity of the plant with 1,200 MW, contributing to enhancing the capacity and industrial production value of Thanh Hoa province and ensuring national energy security. In 2024, the factory's production value will reach 15,600 billion VND, contributing 1,100 billion VND to the budget.

At Bim Son Industrial Park, many enterprises have also made efforts to overcome difficulties to operate production effectively. Mr. Cheng DaWei, Director of INTCO Vietnam Industrial Co., Ltd., said: “Phase 1 of the project with a total investment of 40 million USD has been put into stable operation, with 850 employees. In 2024, the enterprise will operate at a maximum production capacity of 40 million USD. We are actively investing so that phase 2 can go into trial operation in December 2025 and operate commercially as soon as possible after adjustment.”

To date, the SEZ has attracted 731 domestic and foreign investment projects. In 2024, enterprises created a production value of more than VND 278,000 billion, equal to 118% over the same period; budget contribution is estimated at VND 31,100 billion, equal to 131% over the same period; export turnover is estimated at USD 3.2 billion, equal to 97% over the same period.

According to the leaders of the Management Board of the Economic Zone and Industrial Parks of the province, with the space of factories preparing to put into operation from the beginning of 2025 such as: Nghi Son Steel Rolling Plant No. 2; Nghi Son High-Tech Mechanical Factory in the Economic Zone; Radial Automobile Tire Factory; INTCO Vietnam Industrial Factory in Bim Son Industrial Park will contribute to significantly increasing the production capacity for the driving forces of Thanh Hoa as well as Thanh Hoa industry.

Along with focusing on urging, supporting, and creating all conditions to accelerate the progress of ongoing projects to put them into operation soon, the Management Board of Nghi Son Economic Zones and Industrial Parks is actively supporting investors to complete legal procedures, moving towards organizing the groundbreaking of projects: DST Nghi Son Steel Rolling Mill, Nghi Son GLOBAL Mill, VNC Aquaculture Zone... At the same time, promptly grasping the difficulties and problems of existing operating factories has made important contributions to economic growth, budget revenue, and job creation for workers.

Thanh Hoa province is continuing to pay attention to and create a favorable environment and conditions for enterprises and people to invest in production and business; attract investment capital sources; continue to invest in infrastructure of economic zones and industrial parks in a synchronous and modern direction, along with urging investors to speed up implementation progress, creating clean land to attract secondary investors. Along with that, Thanh Hoa is stepping up trade promotion activities, aiming to attract enterprises to invest in large-scale, high-tech industrial production projects, striving for Thanh Hoa to become one of the major industrial centers of the North Central and Central Coast regions and the whole country, associated with sustainable and effective development.

Article and photos: Minh Hang

Source: https://baothanhhoa.vn/no-luc-san-xuat-dong-gop-cao-vao-tang-truong-236877.htm