Thanh Hoa's industrial growth surges with impressive output increases

Thanh Hoa's industrial production has experienced a relatively high growth rate since 2021, with the Index of Industrial Production (IPP) increasing at an average annual estimated rate of 15%.

The majority of the central province's key industrial products have seen significant increases in output compared to the previous period.

Notably, some products have witnessed explosive growth compared to the 2016-2020 period, such as various types of steel increasing nearly tenfold; cooking oil 6.6 times; sulfur 3.3 times; fuel oil approximately 2.9 times; benzene 2.6 times; and motor gasoline 2.5 times.

Statistics from relevant departments indicate that the cumulative value of industrial production in Thanh Hoa during the 2021-2024 period (based on 2010 constant prices) is estimated at VND1.052 quadrillion ($41.35 billion), 2.12 times higher than the 2016-2020 period.

Key industrial sectors and products which have strengths such as: oil refining and petrochemicals, electricity production, steel, building materials, garments, footwear, processing of agricultural and forestry products, have all made progress, contributing significantly to the province's economic growth.