Project

Hanoi’s industrial production sees positive growth

Published

17 hours ago

March 16, 2025

Since the beginning of 2024, industrial production in Hanoi has been continuing to recover positively.

In the first seven months of 2024, it is estimated that the index of industrial production (IIP) increased by 5.2% over the same period in 2023.

Within this figure, the processing and manufacturing industry increased by 4.4%; electricity production and distribution increased by 12.8%; water supply and waste and wastewater treatment increased by 8.8%; and the mining industry decreased by 3.3%.

In July 2024 alone, the IIP is estimated to have increased by 2.3% over the previous month and by 6.2% over the same period in 2023, with the processing and manufacturing industry having increased by 2.2% by 5.9%; electricity production and distribution increased by 3.6% and 9.9%; water supply and waste and wastewater treatment increased by 0.5% and 5.1%; and mining decreased by 1.3% and 3.2%.

In addition, most processing and manufacturing industries achieved a fairly high growth rate compared to the same period in 2023, such as: machinery and equipment production, up 14.9%; paper and paper products production, up 13.8%; bed, wardrobe, table and chair production, up 11%; other processing and manufacturing industries, up 9.1%; electrical equipment production, up 8.7%; and chemical and chemical products production, up 7.8%.

Meanwhile, the number of workers working in industrial enterprises as of the end of July 2024 is estimated to have increased by 0.5% compared to the previous month and decrease by 0.2% compared to the same period in 2023.

In the first 7 months of 2024, the labour utilisation index of industrial enterprises decreased by 1.4% compared to the same period last year; the number of workers working in non-state enterprises decreased by 3.7%; the foreign-invested sector decreased by 0.6%; and the state sector increased by 1.6%.

By economic sector, the number of workers working in the processing and manufacturing industry decreased by 1.8% (in which, food processing decreased by 12.8%; machinery and equipment production decreased by 10.8%; textile decreased by 9.8%; wood processing and wood product production decreased by 8.5%), while electricity and gas production and distribution decreased by 0.4%.

Project

Developing eco-industrial parks to attract FDI

Published

14 minutes ago

March 17, 2025

Industrialzone.net

By 2030, about 40-50% of provinces and cities are expected to convert traditional industrial parks into eco-industrial parks, and 8-10% of localities will have plans to build new eco-industrial parks to plan and attract investment industries gradually.

In reality, industrial parks that develop sustainably are becoming the selection criteria for foreign investors with economic benefits and responsibility to the social community. In that flow, industrial parks in Vietnam face a trend of comprehensive transformation to retain investors and attract new investment projects, especially high-tech and large-scale projects.

The Ministry of Planning and Investment has just coordinated with the United Nations Industrial Development Organization (UNIDO) and the Swiss State Secretariat for Economic Affairs (SECO) to sign a project document on replicating the eco-industrial park approach to promote circular economy in Vietnam.

The project aims to promote the implementation of circular economy in enterprises in industrial parks, reduce the environmental impact of industrial production, and adapt to climate change.

Director of the Department of Economic Zones Management under the Ministry of Planning and Investment Le Thanh Quan said that since 2015, the Ministry of Planning and Investment and UNIDO have piloted the conversion of several traditional industrial parks into eco-industrial park models in four localities: Hai Phong, Da Nang, Ho Chi Minh City, and Dong Nai. In turn, 90 enterprises were supported with resource efficiency and cleaner production (RECP) solutions, and 429 out of 889 proposed solutions were implemented in Dinh Vu, Hoa Khanh, Hiep Phuoc, and Amata industrial parks.

RECP solutions helped enterprises reduce electricity consumption by 14,378 MWh/year, fossil fuel consumption by 264,127 GJ/year, water consumption by 278,690 m3/year, and greenhouse gas emissions by 55,663 tonnes of CO2 equivalent/year, bringing economic benefits to enterprises. Many industrial symbiosis and industrial-urban symbiosis solutions have been implemented, contributing to optimising waste reuse, concretising the implementation of circular economy, etc.

Currently, ecological industrial parks are becoming the selection criteria for foreign direct investment (FDI) with the goal of sustainable development, economic benefits and responsibility to the community and society. Many localities and industrial park infrastructure investors have identified that developing industrial parks according to a new model is an inevitable and urgent need to create sustainable competitive advantages.

Sharing at the recently held forum on comprehensive green solutions for industrial parks and investment promotion in Vinh Phuc Province, Chairman of Vinh Phuc Provincial People’s Committee Tran Duy Dong said that during the period of fluctuating global investment capital flows due to the COVID-19 pandemic, FDI capital in this locality was still higher than planned. From 2020 to now, Vinh Phuc has attracted an average of 500-600 million USD of FDI capital annually, the highest year reaching nearly 1 billion USD.

In just three years, from 2021 to 2023, Vinh Phuc’s investment attraction results exceeded the target set for the entire 2020-2025 term of 2 billion USD. This province also attracts high-quality investment flows from big brands such as Honda, Toyota, Piaggio and Daewoo.

According to the plan, by 2030, Vinh Phuc will have 28 industrial parks with an area of about 4,800 hectares, in which priority is given to developing new industrial parks along key traffic routes such as the Hanoi-Lao Cai Expressway, Ring Road 4, Ring Road 5, etc.

In which, orienting investment to develop industrial parks to achieve high efficiency and towards sustainable development is one of the top urgent requirements.

According to economic experts, to successfully replicate the approach of eco-industrial parks to promote circular economy in Vietnam, it is necessary to develop a specific roadmap and implementation plan, continue improving mechanisms and policies, create favourable conditions for this transformation process, propose solutions for practical values and develop criteria to identify and register eco-industrial parks and eco-enterprises certification.

Project

LNG-fired power projects under Vietnam’s PDP VIII must operate in 2028

Published

1 hour ago

March 17, 2025

Industrialzone.net

The Vietnamese government has asked relevant agencies to speed up the progress of LNG-fired power projects towards completion and operation in 2028, earlier than the deadline specified in the power development plan VIII (PDP VIII).

In a recent announcement on amending the PDP VIII, the government noted that for projects with problems, the Ministry of Industry and Trade must help to solve them or report to higher authorities for solutions.

Nhon Trach 3 LNG-fired power plant in Dong Nai province, southern Vietnam. Photo courtesy of PV Power.

Regarding those already having investors, including LNG Quang Ninh, LNG Thai Binh, LNG Quang Trach II, phase 1 of LNG Hai Lang, LNG Son My I and LNG Son My II, and LNG O Mon II III IV, the trade ministry must speed up the progress to operate them in 2028. 2028 is two years earlier than the deadline in PDP VIII.

For project without investors yet such as LNG Quynh Lap, LNG Nghi Son, and LNG Ca Na, relevant agencies must accelerate the progress to complete them in Q1/2028 at the latest.

The government also requested that under-construction power projects must complete the construction and enter operation in 2025. These include the Nhon Trach 3 and Nhon Trach 4 LNG-fired power, Nam Cum 4 hydropower, expanded Hoa Binh hydropower, Vung Ang II thermal power, and Quang Trach I thermal power plants.

In addition, it ordered amendments to PDP VIII must be approved on March 20 at the latest. Electricity sources as baseload of the system must exceed 50% of the total in the amended PDP VIII, with the increase in LNG-fired power making up for the decrease in coal-fired power, the government added.

Vietnam currently has only one operational LNG-fired power project – the Nhon Trach 3 and Nhon Trach 4 in the southern province of Dong Nai.

In its draft amendment to the power development plan VIII (PDP VIII), the Ministry of Industry and Trade said that Vietnam can import LNG from major exporters such as Australia, the United States, and Qatar. In the long term, the country can consider LNG imports from Russia and other Middle East nations.

According to the draft amendment to PDP VIII, the electricity sector is set to consume 10-11.8 billion cubic meters of imported LNG yearly until 2030, then 9-11 billion cubic meters yearly by 2045.

Project

Hanoi honours 36 key industrial products

Published

2 hours ago

March 17, 2025

Industrialzone.net

The Hanoi Department of Industry and Trade (DOIT) held a ceremony on the evening of December 13 to honour the capital city’s key industrial products for 2024.

According to the DOIT, 160 businesses participated in the selection programme for Hanoi’s key industrial products in 2024.

The department then selected 36 products from 25 enterprises to submit to the municipal People’s Committee for recognition. Ten products from ten enterprises with the highest scores were recognised as the Top Ten Key Industrial Products of Hanoi for 2024.

Of the 25 enterprises whose products were recognised as key industrial products in 2024, eight companies achieved revenue exceeding 1 trillion VND, while ten were among Vietnam’s 500 largest enterprises in 2024, as announced by the Vietnam Report.

The 2024 revenue from the 36 products of these 25 enterprises reached nearly 50 trillion VND, with an export turnover of approximately 1 billion USD.

Speaking at the ceremony, the Deputy Director in charge of the DOIT, Nguyen Kieu Oanh, stated that Hanoi has implemented various programmes to support enterprises whose products have been recognised as the capital city’s key industrial products.

Additionally, enterprises participating in the programme have made efforts to apply scientific and technical advances in modern technology in production, increase automation levels, implement digital transformation, and build smart factory models.

Therefore, the products recognised as Hanoi’s key industrial products help affirm product credibility and enhance their brands in both domestic and international markets.