Despite challenges, the economic development of Thanh Hoa province showed many positive signs and significant improvements across various sectors during the first nine months of 2024.
Specifically, in terms of investment attraction, from the beginning of the year until now, the province has attracted 94 direct investment projects (including 17 FDI projects), a 36.2% increase compared to the same period in 2023. The total registered investment capital reached VND 12,433 trillion and USD 367.8 million.
In the industrial and handicraft industry, the province attracted 33 projects (including 12 FDI projects) with a capital of VND 5,186 trillion and USD 185.3 million. In the field of trade and services, 31 projects (including 5 FDI projects) were attracted with a capital of VND 570 billion and USD 182.5 million. The mining industry saw 16 projects with an investment of VND 279 billion, while the agricultural sector had 5 projects with a capital of VND 203 billion. Additionally, there were 9 infrastructure projects with a total investment of VND 6,195 trillion.
Some of the large-scale projects investing in Thanh Hoa during the nine-month period include: a bamboo OSB board production factory with an investment of VND 3,199 billion, a raw water supply system for the urban chain along National Highway 47, Thanh Hoa city, and its vicinity with an investment of over VND 2,500 billion, the 500kV Thanh Hoa transformer station in Thieu Hoa district with an investment of more than VND 1,444 billion, and the 220kV Sam Son transformer station and the 220kV Thanh Hoa – Sam Son power line with an investment of over VND 1,300 billion.
In the first nine months of 2024, agricultural, forestry, and aquatic production in Thanh Hoa province achieved fairly comprehensive results. The province planted 389,800 ha, reaching 100.5% of the plan. Forestry development continued towards sustainability, with 9,250 ha of concentrated forest planted, equivalent to 92.5% of the plan and a 4.5% increase compared to the same period. Livestock breeding remained stable.
Despite numerous difficulties and challenges, industrial production in Thanh Hoa still witnessed robust growth during the nine-month period, with the industrial production index (IIP) increasing by 20.2%.
Also, during the first nine months of 2024, two new industrial clusters were established in the province: Thuan Loc Industrial Cluster (Ha Loc) and Minh Tien Industrial Cluster (Ngoc Lac). Several industrial projects were inaugurated, and new industrial facilities began operation, such as the SAB Vietnam Industrial Factory in Bim Son Industrial Park, the Le Gia Canned Seafood Factory in Hoang Hoa district, and a shoe factory in Thieu Phu commune (Thieu Hoa district).
In the field of services, the total retail sales of goods and service revenue in Thanh Hoa province increased by 14% compared to the same period. Export value increased by 27.3%. The total number of tourists exceeded the plan by 4.7% and increased by 19.6%, while tourism revenue rose by 39.2%. Transportation revenue also increased by 14.3%.
Notably, in the first nine months of 2024, the state budget revenue of Thanh Hoa province is estimated at VND 42,695 billion, exceeding the plan by 20%, a 44.7% increase compared to the same period, ranking first in the North Central region and among the top 10 localities with the highest revenue nationwide. Domestic revenue is estimated at VND 26,194 billion, exceeding the plan by 19% and increasing by 45.7%. Revenue from import and export activities is estimated at VND 16,501 billion, exceeding the plan by 21.8% and increasing by 43.1%.
In the first nine months, Thanh Hoa province established 2,411 new enterprises, reaching 80.4% of the plan and a 22.5% increase compared to the same period, ranking first in the North Central region and 8th in the country. The registered charter capital reached VND 18,417 billion, a 43.5% increase. There were 635 enterprises re-operating, a decrease of 12%, and 1,160 enterprises temporarily ceasing operations, a 20% increase. Additionally, 46 new cooperatives were established, exceeding the plan by 21 cooperatives.
