A boost for the industry’s development

The development of supporting industry helped increase the industrial production value of the province in recent years.

Mr. Tran Huy Quan, Director of the Department of Industry and Trade, said that with a series of policies and programs on industrial development directed and implemented by the Provincial People's Committee, it oriented and created a favorable environment for the business community in production and business activities. In which, notably the province implemented the project of restructuring the industry and trade of Thai Binh province for the period 2016 to 2020; the domestic market development project associated with the campaign of "Vietnamese people give priority to use of Vietnamese goods" for the period of 2017 - 2020 in the province. The Provincial People's Committee approved the planning on development of supporting industries in Thai Binh province for the period of 2016 - 2025, with an orientation to 2030; industrial development planning of Thai Binh province for the period of 2017 - 2025, with an orientation to 2030; detailed planning for medium and low voltage power grids behind 110kV transformer stations. In addition, the Department of Industry and Trade also advised the Provincial Party Committee and Provincial People's Committee to develop an action plan to implement the Resolution No. 23-NQ/TW dated March 22, 2018 of the Party Central Committee on policy orientation of national industrial development to 2030, vision to 2045 in Thai Binh province; organize conferences to disseminate, propagate and train legal knowledge for enterprises, production households and businesses in the area ...

Project of fiber manufacturing factory of Huong Sen Comfort Textile Fiber Co., Ltd. in Quynh Phu district with a total investment of 400 billion VND, capacity of 7,000 tons of fiber/year, creating jobs for over 200 employees.

The new wind that attracts businesses to invest and develop production and business is the synchronous investment in industrial infrastructure. With the policy of socialization of investment, the whole province mobilized hundreds of trillion dong to invest in improving and upgrading the traffic system from national highways to rural roads. The province's key projects: Thai Ha Bridge Road, Highway 10 – the Dong Hung bypass, 2 provincial roads 396B, 455 (Quynh Phu), Road 39, bypass S1 (Hung Ha), many bridges over Tra Ly river... was built to create links with other provinces in the region to help businesses reduce costs and facilitate goods transportation. Mr. Hoang Ve Dung, Chairman of the Board of Directors of Duc Giang Corporation shared: When National Highway 39A (the road route Thai Binh - Hai Phong, Thai Binh - Ha Nam connects with Cau Gie - Ninh Binh highway) is to upgrade, clearly see investment potentials, we decided to invest in building Do Luong industrial cluster (Dong Hung). In our strategic direction, we will turn this industrial cluster into a center for food processing, mechanical manufacturing, textiles, medical equipment, tools, and packages, supporting industries and becoming an inland port, a logistics center serving the industrial development of the whole Northern Delta, especially Thai Binh Economic Zone.

In addition to rural industrial development, in recent years, the province has focused on planning and investing in building a network of industrial parks (industrial zones), industrial clusters (ICs). Up to now, the whole province has had 7 industrial zones and 50 industrial complexes with a total area of ​​nearly 4,000 hectares, reasonably distributed by region, convenient for traffic, synchronous investment in infrastructure, contributing to supporting businesses to invest in stable production, business and environmental protection. In particular, after being approved by the Prime Minister to establish Thai Binh Economic Zone, the province has focused on planning functional zones, including industrial parks, industrial - urban – service areas, to attract large investors to research and invest in infrastructure. This is considered the industrial development center creating the strongest driving force for the province's socio-economic development to develop rapidly and sustainably in the coming time.

Along with thermal power projects, wind and gas power projects are being invested to help ensure the sustainable development of the province's energy.

Perhaps the businesses have never welcomed investment in Thai Binh as today. In addition to promoting the administrative procedure reform in the field of investment, the province also has many attractive preferential policies. In addition to mechanisms and policies to encourage investment in a number of industries, services, agriculture and rural areas which are being implemented, at the end of May 2020, the Provincial People's Council made a Resolution on promulgating preferential policies and investment support in Thai Binh Economic Zone, from 2020 to 2030. Accordingly, the investors who have had new investment projects, invested in expanding the economic zone belonging to groups of industries and trades to encourage investment of the province will enjoy 6 preferential policies and investment support such as: preferential policies on land; policies of technical infrastructure support; policy of supporting leveling; policies of supporting the construction of centralized wastewater treatment systems of industrial parks and industrial clusters; policies of supporting labor training and policies to support administrative procedures. Mr. Do Van Ve, Chairman of the Provincial Business Association, said that: With mechanisms and preferential policies for investors when implementing projects in the province, the businesses had favorable premise in terms of capital and infrastructure to put the project into operation soon. This was also the reason why the number of businesses in the province increased rapidly over the past 5 years. Currently, the whole province has 7,620 enterprises and 1,760 branches of representative offices registered to operate, increasing by 1.6 times compared to 2015. Notably, in the difficult context due to the impact of the Covid-19 epidemic, in the first 8 months of 2020, there were still more than 400 newly established businesses with a total registered capital of over 4,000 billion VND.

Looking back to the past 5 years, we can be proud, although in the context of many difficulties, that the industrial sector of the province still made great and steady progress. From 2015 up to now, there have been 681 more projects registered for investment with a total registered investment capital of over 71,622 billion VND, increasing by 97.4% in the number of projects and increasing by 2.6 times in investment capital. Currently, the province has 982 investment projects with registered capital of over 121,000 billion VND; in which, there are over 800 projects in production and business, creating stable jobs for 112,000 workers. The occupancy rate in industrial zones is 93.5%, industrial complexes reach 68.3% of the acquired land. The total value of industrial production in 5 years (2016 - 2020) is estimated at 299,800 billion VND, the average growth in the period 2016 - 2020 is 19.3%/year, exceeding the target of the XIX Party Congress of Thai Binh province, for the period of 2015 - 2020. These figures reflect the efforts of the Party committees and authorities in leadership and direction for industrial development and the quality of people’s life has been significantly improved. This is also the basis for cadres, party members and all strata of people in the province to be excited, assured, and believe in the province's faster and more sustainable socio-economic development in the coming years.