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Strategic destination for major investors

(Baothanhhoa.vn) - Of the total foreign direct investment (FDI) capital of more than 14.6 billion USD, Nghi Son Economic Zone (KKTNS) and Industrial Parks (IPs) account for 13.5 billion USD, equivalent to more than 92%. This is a clear demonstration of the strong attraction of the "growth poles" of Thanh Hoa.

Báo Thanh HóaBáo Thanh Hóa14/04/2025

Strategic destination for major investors

Export production at INTCO Vietnam Industrial Company Limited (Bim Son Industrial Park).

Focusing on many large-scale, key projects of the province, such as: Nghi Son Refinery and Petrochemical Complex, Nghi Son 1 and 2 Thermal Power Plants, and steel factories, manufacturing components and auto parts..., NSK and industrial parks not only create jobs for more than 100,000 workers but also contribute significantly to economic growth and local budget.

According to the synthesis of the Management Board of the Economic Zone and Industrial Zones, in the first quarter of this year, although the Nghi Son Refinery and Petrochemical Plant decreased by 10.2% in production and business value compared to the same period (in the same period of 2024, the factory increased its design capacity by 20% to compensate for the output due to maintenance at Binh Son Refinery and Petrochemical Plant), the total production value of enterprises in the Economic Zone and Industrial Zones still reached VND 65,387 billion, down only 1.13%; revenue reached VND 69,741 billion, down only 4.89%. Total export turnover of goods reached 828 million USD, up 6.7%. Total import turnover reached 2.27 billion USD, up 3.3%. These are positive signs showing that the production and business activities of enterprises here do not depend too much on oil refining.

In addition to the names in the world's top 200 such as Kuwait Petroleum International, Marubeni Corporation, Idemitsu Kosan Corporation, Mitsui Chemical Corporation... from the "land of the rising sun", and KEPCO Electric Power Corporation from Korea, CAM-CGM Corporation - the largest container shipping company in France..., many large domestic investors are also promoting large investment projects in these lands.

The Long Son General Port Project includes berths 7, 8, 9, 10 with a total length of 1,000m, meeting the standards of a level I port. According to Long Son Company Limited, the project is invested with a total capital of more than 2,400 billion VND on an area of ​​28 hectares, meeting the standards of a level 1 port. Long Son Bai Ngoc General Port is constructed using the most modern precast technology in the world and has been applied to the construction of major seaports in the world. By early 2025, the project has completed and put into operation berths 7 and 8; berth 9 is in the process of dredging, preparing to receive ships; the remaining berth 10 is expected to be completed in the second quarter of this year. The enterprise is currently continuing to upgrade the wharf, investing in dredging the shipping channel and the water area in front of the wharf to a depth that ensures the ability for ships with a capacity of up to 100,000 tons to dock and load and unload goods, increasing the loading and unloading capacity of Long Son Bai Ngoc General Port to 1,000 tons/hour, equivalent to 20,000 tons/day.

In the early days of this year, Duc Giang Chemical Complex with a total investment of 12,000 billion VND also officially started construction. According to Duc Giang Chemical Group Joint Stock Company, when completed, this will become the largest chemical complex in Vietnam. This project is considered by the company's leaders as a "trump card" in the future, when the business activities of the factory in Lao Cai have reached a stage where it cannot develop further. The factory will meet up to 50% of industrial and domestic consumption needs, reduce product costs and proactively provide input for many large factories. When the complex is fully operational, it will create jobs for about 2,000 workers.

According to the Management Board of the Economic Zone and Industrial Zones, investment attraction activities are being promoted by the board. In the first quarter, the unit proactively coordinated with relevant departments and branches to welcome 4 foreign investor delegations and 5 domestic delegations to explore investment opportunities. This is not only an opportunity to promote the potential of the locality, but also an opportunity to listen and discuss frankly with investors about their needs, expectations and solutions to overcome difficulties. Along with that, investment procedures are also being accelerated. In the first quarter, 3 projects were newly granted investment registration certificates with a total registered capital of 73.2 billion VND and 9 projects had their investment registration adjusted.

Accumulated in the period of 2020-2025, in the NSK and industrial parks, investment certificates have been granted to 97 projects, including 76 domestic investment projects with registered capital of VND 20,219 billion and 21 FDI projects with registered capital of USD 231 million. A notable point is that recently attracted projects not only focus on heavy industry such as thermal power, cement or steelmaking, but also expand to high-tech fields, renewable energy and new construction materials, typically including: Thanh Hoa I Solar Power Plant (VND 2,824 billion), Billion Union Vietnam Fabric Factory (USD 70 million), DST Nghi Son Steel Rolling Mill (VND 5,500 billion), or Dai Duong High-tech Reinforced Concrete Components Factory (VND 1,099 billion).

Many investors, after a favorable investment phase 1, continue to expand their scale to increase productivity and output to meet market demand. Mr. Cui Gang, Production Director of SAB Vietnam Industrial Co., Ltd., shared: “Our factory has been given all favorable conditions in terms of land and construction conditions, and has been completed and put into operation on schedule. We are promoting the investment phase 2, creating jobs for about 1,500 workers... Along with contributing to the budget and creating jobs for local workers, we hope to meet the demand for auxiliary industrial materials for the garment industry, reducing the dependence of the Vietnamese garment industry on accessories that have long had to be imported from abroad."

Up to now, the total number of investment projects in the NSK and industrial parks has reached 723 projects, including 648 domestic investment projects with a total registered capital of VND 187,953 billion and 75 FDI ​​projects with a total registered capital of USD 13,936 million. In particular, the total implemented capital reached more than VND 84,798 billion (for domestic projects) and nearly USD 13.2 million (for foreign projects). Currently, 549 enterprises have come into operation, creating stable jobs for more than 100,000 workers. These figures not only reflect the success in attracting investment, but also show the vitality of the industrial parks in contributing to the implementation of the province's sustainable development goals. At the same time, it affirms that the industrial - urban - service development model in the NSK has been creating a unique attraction that is difficult to find in many other localities.

Article and photos: Tung Lam

Source: https://baothanhhoa.vn/diem-den-chien-luoc-cua-cac-nha-dau-tu-lon-245540.htm


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