In recent years, Thai Nguyen has witnessed an industrial production boom, propelling the province’s industrial production value to the top of the country. This not only testifies to its remarkable economic development but also cements Thai Nguyen’s status as a key industrial hub in Northern Vietnam.
In the first half of 2024, industrial production value increased by 6.5% compared to the same period last year. This indicates a recovery in Thai Nguyen’s economy, particularly in the industrial sector. It lays the foundation for the province to achieve its target of an 8.5% increase in the industrial and small-scale industry production value in 2024.
Recognizing industrial production as the main driver of economic growth, the province has planned to attract more large enterprises to invest. Over the years, Thai Nguyen has become a favorable destination for giants such as Samsung, Masan, and Trina Solar (China)… to set up their nests.
According to the Provincial Planning and Investment Department, in the first six months of 2024, the province granted investment licenses to 20 new projects with a total capital of over VND 10,000 billion and approved capital increase for two projects with a capital of over VND 989 billion. As of now, there are a total of 890 non-budget projects using domestic investment capital in the province, with a registered capital of VND 86,557 billion. These figures once again demonstrate Thai Nguyen’s growing appeal to major investors.
At present, attracting high-quality investment capital in fields such as high technology and green technology – key sectors for sustainable development – has become a top priority for most localities. Riding the wave of new investment, Thai Nguyen, one of the important industrial centers, is not far behind.
Therefore, Thai Nguyen is planning over 6,000 hectares of land for industrial development, including 4,245 hectares for industrial park development and 2,067 hectares for cluster development. The province is expanding 11 industrial parks and one concentrated information technology park and developing 41 industrial clusters. This showcases Thai Nguyen’s efforts in laying a solid foundation for a future investment boom.
To meet the demands of the new industrial parks and support sustainable development, investing in electrical infrastructure is crucial. A well-developed electrical infrastructure not only ensures stable power supply but also contributes to improved production efficiency and attracts more investments to the province. This creates a positive cycle where infrastructure development supports economic growth while increasing the demand for infrastructure investment.
Developing Thai Nguyen’s power grid is essential to support the province’s robust economic growth. To meet the electricity demands in a timely manner, during the 2019-2024 period, the Northern Power Corporation (EVNNPC) has been implementing 17 110kV projects and 90 medium and low-voltage works, with a total investment of VND 2,580 billion in the province’s power grid. Of this, VND 1,550 billion has been invested in the 110kV grid, and the rest in the medium and low-voltage grid and other investments.
Notably, the project to build the 220kV Phu Binh 2 substation and the 220kV Phu Binh 2 – Thai Nguyen – Bac Giang transmission line, Thai Nguyen province, is one of the particularly concerned projects. The project, which just started in early August, is expected to be operational by 2025.
Given the very tight project schedule, EVN has transferred the task of implementing the project to EVNNPC to timely supplement the power source for the local grid.
Recognizing the importance and urgency of the project, EVNNPC has included this project in the list of key projects to be directed by the Steering Committee for Key Projects of the Corporation with the most determined and urgent spirit.
With timely support from the Department of Electricity and Renewable Energy – Ministry of Industry and Trade, People’s Committee of Thai Nguyen province, People’s Committee of Phu Binh district, the Corporation has basically completed the procedures and project dossiers very quickly, such as approving the FS within 03 months and approving the technical design within 03 months.
The project implementation is in line with the National Power Development Plan, and it will supplement the 220kV power source, reduce the high load of the regional power grid, and meet the demand, load growth, and reliability of power supply for key industrial parks in particular and Thai Nguyen province in general.
In addition, according to the plan by 2025, EVNNPC will continue to invest about VND 130 billion in the local power grid, ensuring the stable and reliable operation of the power grid to meet the socio-economic development needs of the locality.
The strong investment in the power grid in Thai Nguyen not only ensures stable power supply but also facilitates the expansion of production for the “giant birds.” With the support of local authorities and the determination of EVNNPC, Thai Nguyen province is on a strong development trajectory, heading towards a sustainable and prosperous future.
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