Top Textiles Company Limited (Rang Dong Textile Industrial Park). (Photo: Viet Du)

Proud spirit, determined to rise high

At QMH Computer Co., Ltd. (under Quanta Computer Inc.), after only 6 months of operating the first high-tech project in the field of computer manufacturing in My Thuan Industrial Park, the number of employees has increased by more than 2.5 times and the capacity has increased by more than 2 times compared to the time of launch. Thanks to the close support of the provincial government, the factory quickly stabilized production, supplying products to the world's leading technology brands such as Dell, Toshiba, HP, Lenovo, Fujitsu, LG. According to a representative of Quanta Computer Inc.: "Nam Dinh has given us great confidence. The quick and effective support from departments, branches and provincial authorities is a key factor helping the factory operate stably and confidently expand production in a short time". Currently, the Group is accelerating its expansion progress, aiming to achieve a revenue of 1 billion USD, creating jobs for 8,000 workers by 2025, contributing to enhancing the position of the province's high-tech industry on the global map.

In the textile and garment industry, a traditional economic sector of Nam Dinh, breakthrough signals are also spreading strongly. Top Textiles Co., Ltd. (Toray Group, Japan) at Rang Dong Textile Industrial Park has effectively exploited the operating capacity of 60 million meters of fabric/year of the largest knitting factory in Northern Vietnam, 4 times the total fabric production capacity of the whole province before. Not only increasing export turnover and creating stable jobs for 1,800 workers, the project is also a pioneer in applying green technology and environmentally friendly circular production. Mr. Kyuichi Fukumoto, Director of Pacific Textile Group and Chairman of Top Textiles Co., Ltd. commented: “We clearly feel the spirit of learning and determination to support investors in Nam Dinh. From traffic infrastructure, electricity and water to administrative procedures are very convenient, helping businesses feel secure in expanding long-term investment”. To make achievements to celebrate major holidays, Top Textiles Company Limited is accelerating the implementation of phase 2, striving to increase the total capacity to 120 million meters of fabric/year, continuing to affirm its role as a driving force in the province's sustainable development strategy.

Not only foreign-invested enterprises, domestic enterprises in Nam Dinh, despite facing many challenges from raw material costs to market purchasing power, are still actively competing in production and labor, contributing strongly to the overall growth momentum. In the first quarter of 2025, the province's industrial production index (IIP) is estimated to increase by 23.25% over the same period last year, the highest level in the past 5 years. Of which, the processing and manufacturing industry increased by 23.50%. Key sectors all recorded impressive growth: Food processing increased by 17.93%, textile increased by 15.03%, bed, wardrobe, table and chair production increased by 15.2%, metal production increased by 10.72%, electrical equipment production increased by 8.72%. Thanks to the application of digital technology, market expansion and export promotion, the consumption index of the entire processing and manufacturing industry has increased sharply by 143.46%, inventory decreased by 16.03%, thereby freeing up financial resources for reinvestment. Export turnover in the first quarter of 2025 reached 939 million USD, up 56.2%; trade surplus reached 158 million USD, a bright spot that added strength to the overall growth momentum. The spirit of "joining hands, unanimity, breaking through and rising up" is the key factor helping Nam Dinh achieve an economic growth rate of 11.86% in the first quarter of 2025, the highest in the history of the province, ranking first in the Red River Delta and third nationwide.

Representatives of Vietnam - Singapore Urban and Industrial Park Development Joint Stock Company (VSIP JSC) and the Provincial Industrial Parks Management Board agreed on a plan to promote the progress of investment in infrastructure construction of Hai Long Industrial Park. (Photo: Thanh Thuy)

Accompanying businesses - The key to breakthrough

To achieve these impressive successes, there is a strong and synchronous participation of all levels of government and functional sectors of Nam Dinh province. With the motto "Accompanying businesses - promoting development", the province has implemented many flexible solutions, promptly removing difficulties, creating a transparent and open business environment. The province has resolutely directed functional sectors and localities to synchronously and effectively implement support policies on credit, trade promotion, and training of high-quality human resources, helping businesses go fast, go far, and stand firm in the face of market fluctuations.

According to the report of the State Bank of Vietnam, Nam Dinh Branch: Credit institutions in the area continue to strictly and promptly implement monetary and credit policies to promote economic growth in accordance with the direction of the Prime Minister in Official Dispatch No. 19/CD-TTg dated February 24, 2025 and Directive No. 01/CT-NHNN dated January 20, 2025 of the State Bank of Vietnam. Effectively implement key credit programs and policies in accordance with the direction of the Government, the Prime Minister and the State Bank of Vietnam. In the first quarter of 2025 alone, the total mobilized capital of credit institutions in the area is estimated at VND 138,381 billion; outstanding loans are estimated at VND 128,999 billion, promptly meeting capital needs for investment in production and business.

The Department of Industry and Trade promotes activities to provide information, connect and expand markets for domestic enterprises. In particular, it focuses on organizing trade promotion programs to export markets, prioritizing the connection between central agencies and provinces and cities across the country with trade agencies of other countries. Support domestic goods to access retail systems abroad. Provide free support for enterprises with information and knowledge on international economic integration, opportunities and challenges of free trade agreements (FTAs), helping to improve competitiveness and penetrate deeper into the global value chain. The Department of Industry and Trade also coordinates with related sectors to grasp the labor needs of enterprises to support training and supply high-quality human resources, meeting the strict requirements of high-tech and modern industries; strengthen the connection between enterprises and vocational training institutions; Facilitate domestic and foreign private sectors and social organizations to participate in vocational training. Encourage enterprises to participate in assessment activities and grant national vocational skills certificates, creating conditions for workers to easily and regularly study to improve their qualifications and skills.

The province has focused on resolving difficulties and obstacles in implementing key projects to speed up the progress. A typical example is the Xuan Thien Nam Dinh Green Steel Complex of 3 projects, a large-scale strategic industrial project of the province. Departments, branches and localities have taken drastic measures to speed up site clearance, complete legal procedures, and strive to start construction of two key steel factories synchronously before June 10, 2025. In addition, the province is focusing on removing obstacles and speeding up the settlement of related legal procedures to be able to start construction in 2025 of all 4 key industrial parks including: Trung Thanh (Y Yen), Hai Long - VSIP phase 1 (Giao Thuy), Xuan Kien (Xuan Truong) phase 1, Minh Chau (Nghia Hung) phase 1. These are the driving forces projects expected to become new industrial growth poles, creating breakthroughs for economic restructuring, attracting investment and creating jobs for tens of thousands of local workers.

Along with administrative procedure reform, the province pays special attention to developing industrial infrastructure and synchronous transportation to facilitate enterprises to invest in projects, promote production and business. Nam Dinh's investment environment is increasingly attractive, favorable for attracting new capital flows. In the first 3 months of 2025 alone, the whole province has granted new investment registration certificates and adjusted capital increases for 32 projects (including 19 domestic investment projects and 13 FDI projects) with a total registered capital of VND 12,218 billion and USD 230.4 million. Business registration certificates have been granted to 367 enterprises and 18 branches and representative offices with a total registered capital of VND 2,237.5 billion; bringing the total number of registered enterprises operating in the province to 13,942 enterprises and 1,018 branches and representative offices with a total registered capital of VND 149,468.9 billion. Notably, 180 enterprises that had ceased operations have resumed production, reflecting an increasingly attractive investment environment and creating solid confidence in the business community.

Efforts in industrial development and investment attraction have been creating strong momentum for the province's sustainable economic development in the coming time, soon becoming one of the growth poles of the country.

Thanh Thuy