Thanh Hoa province to prioritise key industries

Thanh Hoa province will focus on investing in various sectors, including industry, agriculture and services towards 2045.

In line with the Prime Minister’s Decision No 929/QD-TTg dated August 31, 2024, which officially approves the Implementation Plan for Thanh Hoa province’s Development Plan for the 2021-2030 period, with a vision to 2045, the northern central province aims to achieve an annual average GRPD growth rate of over 10.1% during the period.

In industry sector, the province will prioritise chemical and petrochemical refining; metallurgy and mechanical engineering; energy; electronic components and equipment, telecommunications and automation equipment; medical equipment and pharmaceuticals; construction materials; and textiles and footwear.

In agriculture, focus will be place on such areas as large-scale, high-quality commercial agricultural production linked to raw material development and manufacturing and processing; high-tech and smart agriculture, organic agricultural production with value chain linkage; projects for preserving and processing agricultural and forestry products for export; and projects for producing raw materials and processing feed for livestock and aquaculture.

Regarding services, the province will prioritise high-end tourism and resort project leveraging the local strengths in beach and eco-tourism; software development and digital technology projects; and commercial and logistics service projects in key economic zones.

To achieve the annual average GRDP growth target of 10.1% for the 2021-2030 period, Thanh Hoa expects to attract a total investment of approximately VND1.65 trillion (nearly $66.4 billion).