Thai Nguyen announces 2025 growth scenario: FDI capital still plays a major role

Thai Nguyen has just announced the economic growth scenario for 2025 after administrative merger with Bac Kan province. The target growth of the total value of goods and services in the area (GRDP) of the whole province is 8.5% or more, of which the service sector and product tax minus subsidies reach 10.8%, industry - construction reaches 8.1%, agriculture - forestry - fishery reaches 4.15%.

To complete this target, Thai Nguyen set a target of GRDP growth in the last 6 months of the year of 10.2% in the third quarter and 10.4% in the fourth quarter. Total social investment resources are expected to reach VND84,400 billion, of which the FDI sector accounts for 32.5% with VND27,500 billion, the highest among the groups of subjects.

Public investment disbursement is identified as a key task. The total disbursed capital in the province in 2025 is 12,899 billion VND. The province aims to disburse at least 75% by the end of the third quarter, striving to reach 80%; by the end of the fourth quarter, to reach at least 95%, striving to complete 100%.

Notably, a large part of the growth momentum in the third quarter will come from industrial production activities, thanks to increased orders in the context of the Vietnam-US Trade Agreement taking effect. In particular, the Samsung semiconductor factory is one of the province's key FDI projects, disbursing about VND5,000 billion in the third quarter, along with the production of the Galaxy Red Fold 7 line entering its peak period.

In addition, 7 large industrial projects put into operation in the third quarter of 2025 are also expected to create spillover effects in the supply chain and labor market.

Promoting a business ecosystem that supports chip manufacturing enterprises will help Vietnam attract large chip manufacturing corporations, making Vietnam a country with many chip manufacturing activities in the supply chain.

The province also continues to promote "rolling out the red carpet" for FDI investors.

On August 1, the leaders of Thai Nguyen province welcomed Mr. Nghiem Gioi Hoa, founder of Pacific Construction Group (China). At the meeting, the business side highly appreciated the speed of infrastructure development, the dynamism of local leaders, and especially the new development space after the merger with Bac Kan.

Pacific Construction Group, one of the 100 largest enterprises in the world, expressed its desire to cooperate with the province in transport infrastructure projects in an open spirit. The group is currently implementing metro and highway projects in many countries such as Ukraine, Iran and Malaysia. In Vietnam, this unit has also participated in a number of key regional transport connection projects.

To increase readiness for high-quality FDI capital flows, Thai Nguyen authorities are accelerating site clearance for industrial parks such as Yen Binh 2, Yen Binh 3 and Song Cong II - Phase 2. These are areas of interest to many secondary investors, so the province prioritizes removing obstacles and resettlement in August 2025.

Currently, Thai Nguyen has 184 FDI projects with a total capital of more than 10.8 billion USD, along with 141 DDI (domestic enterprise) projects with a total capital of nearly 27,000 billion VND. Industrial parks in the area create jobs for about 100,000 workers, bringing in annual export turnover of nearly 30 billion USD.

However, from 2021-2022, the development space has narrowed due to limited industrial land fund. Merging with Bac Kan is a step to expand the development space, but in the short term, Thai Nguyen still needs to rely heavily on FDI capital flows to maintain growth momentum.

Source: https://baodautu.vn/thai-nguyen-cong-bo-kich-ban-tang-truong-2025-von-fdi-van-giu-vai-tro-lon-d348707.html