Hung Yen: Industrial production grows by nearly 9.4%
In the first 3 months of the year, the province's industrial production index continues to maintain its growth momentum with an increase of 9.39% over the same period in 2024. In particular, the high growth of the processing and manufacturing industry; electricity production and distribution; water supply, waste and wastewater management and treatment activities continue to be recorded...
Production at Hoa Phat Hung Yen Steel Company Limited (Yen My)
At Thong Nhat Garment Joint Stock Company, Thu Sy commune (Tien Lu), specializing in the production of garments for export to major markets such as the US, EU... in the first quarter of this year, the company's order output has reached about 3.5 million products, seeing an increase of about 20% over the previous year. At this time, the company has received enough orders for the second quarter of 2025. Mr. Hoang Manh Hung, General Director of Thong Nhat Garment Joint Stock Company, said: The world economy is on the path of recovery, purchasing power has improved significantly, which has created favorable conditions for the company to expand its consumption market. To ensure the quality of orders, the company always focuses on strictly carrying out the stages of checking goods, supervising orders...
In the first quarter of this year, the province's trade promotion and investment cooperation activities have changed positively with many delegations of enterprises and economic groups from many countries and territories coming to learn about the investment environment. In 3 months, the whole province has had nearly 300 newly registered enterprises with a total investment capital of more than 8.2 trillion VND, an increase of 108 enterprises and an increase of more than 7 trillion VND compared to those in the same period last year. In addition, the province's industrial parks (IPs) have received 23 new investment projects with a total investment capital of nearly 130 million USD and more than 1.5 trillion VND. Up to now, the total number of valid investment projects in the province's IPs is 658 projects with a total registered investment capital of more than 7.1 billion USD and more than 46.6 trillion VND.
Adapting flexibly in management and changing strategies in production and business, in the first 3 months of the year, the production and business targets of Hung Yen Construction Mechanical Steel Structure Company Limited (My Hao town) have basically achieved the set goals and plans. Currently, the company is creating jobs for more than 150 workers with an average income of more than 12 million VND/person/month. Mr. Nguyen Xuan Hoan, General Director of Hung Yen Construction Mechanical Steel Structure Company Limited, said: The company specializes in manufacturing detailed metal components; production and installation of steel structures; production and installation of cranes... Up to now, the company has built a distribution system throughout the country and is highly appreciated for its technical quality and creativity...
According to the assessment of the functional sector, although maintaining a positive growth momentum, in general, the industry still faces many difficulties and challenges, as follows: The situation of military conflicts in some countries is still complicated; strategic competition between major countries and trade wars are increasingly fierce; import and export, foreign investment recovery is still slow, inflation and the trend of tightening monetary and consumption policies along with risks... Faced with this situation, the province has proactively reviewed and grasped the difficulties and problems of enterprises in the province to have appropriate solutions and support; at the same time, urged and created favorable conditions for accelerating the implementation of key industrial projects; paid attention to solving labor issues. At the same time, focusing on improving the investment and business environment, promoting administrative procedure reform, creating the most favorable conditions for businesses. In particular, thanks to the effective implementation of the policy to support the reduction of value added tax from 10% to 8% for many groups of goods and services; the extension of value added tax, corporate income tax, special consumption tax, personal income tax; reduction of the collection of some fees and charges and reduction of land rents... have created conditions to help many businesses develop production in the new situation.
