Nghe An industry and export grow positively

Bustling industrial, commercial and export activities

Talking to reporters, Mr. Pham Van Hoa - Director of Nghe An Department of Industry and Trade shared the joy at the end of the year, when all 3 important targets of the Industry and Trade sector exceeded the plan. That is: Industrial production value is estimated at 113,027 billion VND, up 16.38% compared to 2023; Total retail sales of goods are estimated at 107,000 billion VND, up 12.5% ​​compared to 2023, up 15.05% compared to the plan; Export turnover in the province reached 3.7 billion USD, up 28.38% compared to 2023, exceeding 23.33% compared to the plan for 2024.

Industrial production has changed positively, some products have made breakthroughs, contributing to the socio-economic growth in the area such as: Production of electronic components and auto parts is estimated to double over the same period due to stable production of electronic component production projects in the province, new projects put into operation and started producing products for the market (Luxshare ICT Vietnam Co., Ltd. expanded the production line, Goertek Electronic Components and Precision Equipment Factory went into trial operation...), so in 2024 it is estimated to reach 580 million products, 3 times higher than in 2023, achieving the assigned plan.

Last year, the provincial Department of Industry and Trade focused on restructuring the industry and attracting investment in depth, shifting traditional products to high technology, contributing to bringing Nghe An products into the global supply chain.

Supporting industries continue to develop, especially in the production of electronic components and auto parts. The textile, garment and footwear industries aim to invest in stages that create high added value in the value chain, applying smart manufacturing technology in production stages to become key export products.

Many enterprises (domestic investors) have overcome difficulties to develop production and business, and are among the top in the province's budget revenue, such as milk, sugar, corrugated iron, steel, beer, etc.

Regarding export activities, the proportion of unprocessed raw goods decreased, while industrial goods and processed goods continued to increase. The number of enterprises participating in exports is increasing with nearly 400 enterprises, of which about 250 are Nghe An enterprises. The export markets of Nghe An enterprises have continuously expanded over the years. By 2024, enterprises in the province had exported goods to 150 countries and territories, an increase of 26 markets compared to 2020.

In commercial activities, the supply of goods is abundant, essential items such as gasoline, food, etc. have stable prices, meeting market demand.

Synchronously implement state management solutions

2024 is identified as a pivotal year, of special importance in successfully implementing, promoting and striving to complete the goals of the 5-year socio-economic development plan 2021-2025 and the Resolutions of Party Congresses at all levels.

In the context of many difficulties, Nghe An Industry and Trade has actively and proactively coordinated closely with departments, branches and localities to synchronously and effectively implement solutions to remove difficulties, support enterprises to restore and develop production and business; promote foreign economic activities, trade promotion, connect supply and demand of goods; effectively exploit forms of trade, types of markets, diversify products, supply chains, promote exports, making important and positive contributions to the economic development of the province.

Clarifying the results achieved, Mr. Pham Van Hoa - Director of the Department of Industry and Trade said: Closely following the tasks and targets in the Resolutions of the Party Congresses at all levels; Resolutions, programs, and directive plans of the Government, the Ministry of Industry and Trade, and the Provincial People's Council - People's Committee on the main tasks and solutions to implement the socio-economic development plan and the state budget estimate for 2023, the Department of Industry and Trade has developed 10 key plans and tasks, assigned specific tasks and responsibilities to the Department's leaders (Decision No. 13/QD-SCT.KHTCTH dated January 18, 2024) to ensure promoting democracy, proactiveness, flexibility, creativity and responsibility in directing and implementing tasks in assigned fields.

With the role of assisting the Working Group in directing the growth of the province's industrial sector, along with directing the plan for key industrial products according to the growth scenario, the Department of Industry and Trade coordinates with departments, branches, district-level People's Committees and enterprises and investors to grasp and remove difficulties and obstacles and at the same time report to the Provincial People's Committee for continued direction and handling.

Also in the past year, the industry actively implemented key grid projects to meet the schedule, such as the 500kV line 3. At the same time, actively prepared to call for investment in the Quynh Lap LNG thermal power project with a capacity of 1,500MM with a total value of over 2 billion USD. Well implemented policies to support industrial development, industrial promotion, supporting industry; support industrial cluster infrastructure; support e-commerce.

The work of inspecting, controlling and stabilizing the market, protecting consumer rights, implementing the Campaign for Vietnamese people to prioritize using Vietnamese goods in conjunction with developing the domestic market and trade promotion activities, connecting trade, supporting product consumption, implementing trade applications, developing digital economy, e-commerce... continues to receive strong attention and development. Actively coordinating with the Vietnam Trade Office abroad, the Trade Promotion Agency - Ministry of Industry and Trade regularly informs about the market situation and products, thereby connecting and supporting the search for domestic product consumption markets and expanding and promoting export markets.

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In 2025, Nghe An Industry and Trade Department sets the target of industrial production value reaching 130,600 billion VND, up 15.55%/year 2024; Total retail sales of goods reaching 120,000 billion VND, up 12.1%; Total export turnover reaching 4,500 million USD, up 21.62%, achieving the target assigned in the Nghe An Province Export Development Project for the period 2021-2025.

To achieve the set goals, the Industry and Trade sector continues to mobilize resources to implement industrial and trade development tasks assigned in the 5-year Socio-Economic Development Plan for the period 2021-2025. Focus on implementing the Nghe An Provincial Planning for the period 2021-2030, with a vision to 2050; Power Plan VIII; Plan to implement Power Plan VIII; Action Program to implement Resolution 39-NQ/TW dated July 18, 2023 of the Politburo on building and developing Nghe An province to 2030, with a vision to 2045...