Thanh Hoa's Q1 Industrial Production Index rises by 15.9%

Thanh Hoa province's Industrial Production Index (IIP) in the first quarter of 2025 is estimated to have increased by 15.9% compared to the same period last year.

Notable sectoral growth includes a 4.26% rise in the mining industry, 16.9% in the manufacturing and processing sector,  4.22% in the production and distribution of electricity, gas, hot water, steam, and air conditioning, and an 8.43% in water supply and waste management. Meanwhile, the number of employees in industrial enterprises grew by 4.95% year-on-year.

During Q1, 13 out of 18 major industrial products in the central province reported growth. Some products showed remarkable increases, such as athletic footwear (up 53.7%), ready-made garments (up 36.3%), crystallized sugar (up 18.6%), various types of iron and steel (up 12.8%), and building bricks (up 10.62%).

This strong performance sets a positive outlook for Thanh Hoa's industrial production growth, particularly in key sectors such as manufacturing and processing, mining, and energy.

In addition, Thanh Hoa began construction on several major industrial projects during the quarter. These include Project No. 1 - Duc Giang Chemical Complex, the Billion Union Vietnam Textile Factory, the Hop Thang Industrial Cluster in Trieu Son district, and the Outdoor Gear Vietnam sports equipment manufacturing plant.

The province also inaugurated and operationalized several industrial facilities, such as the Nghi Son High-Tech Mechanical Factory, the Dai Duong High-Tech Reinforced Concrete Component Factory, and the automotive wiring harness manufacturing and assembly plant operated by BOB Thanh Hoa Co., Ltd.