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[BUSINESS] · Vietnam · 2 sources

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Part of situation: Economic developments in Thai Nguyen province (2 clusters)

Thai Nguyen reports high GRDP growth despite business exits

Thai Nguyen GRDP growth industrial production FDI investment business exits

Thai Nguyen province recorded an estimated GRDP growth of 11.24% over the first nine months of the year, surpassing the national average of 9.01%. Industrial production served as the primary driver, with the industrial production index (IIP) rising by 29.71% in the third quarter. Specifically, the manufacturing and processing sector grew by 23.63%, while electronic product manufacturing increased by 24.64%.

Despite strong economic indicators, the province faces challenges in business stability. During this nine-month period, nearly 2,000 enterprises exited the market, while only 1,660 new businesses joined, representing 68.5% of the same period last year.

Foreign direct investment remains significant, with 23 new FDI projects totaling 5.8 billion USD registered. The province's total cumulative FDI projects stand at 250, with a registered capital of 19.4 billion USD. Total import-export turnover for the period reached an estimated 52 billion USD, a 34% increase compared to the same period last year.

Entities

Hoang Thi Hoa · Thai Nguyen Province

Claims

What the coverage asserts, and how many sources carry each claim.

  • [● 2 SOURCES] State budget revenue in the province reached 21,409 billion VND. kenh14.vn · soha.vn
  • [● 2 SOURCES] More than 1,660 businesses joined the market in the first nine months. kenh14.vn · soha.vn
  • [● 2 SOURCES] The province registered 23 new FDI projects with a total of 5.8 billion USD. kenh14.vn · soha.vn
  • [● 2 SOURCES] Thai Nguyen's GRDP grew by an estimated 11.24% in the first nine months of the year. kenh14.vn · soha.vn
  • [● 2 SOURCES] Nearly 2,000 businesses exited the market in Thai Nguyen during the first nine months. kenh14.vn · soha.vn
  • [● 2 SOURCES] The industrial production index (IIP) in Thai Nguyen rose by 29.71% in the third quarter. kenh14.vn · soha.vn
  • [● 2 SOURCES] Public investment disbursement reached 5,483.1 billion VND as of September 10. kenh14.vn · soha.vn
  • [● 2 SOURCES] Total import-export turnover reached 52 billion USD in the first nine months. kenh14.vn · soha.vn

Sources

Gần 2.000 doanh nghiệp rút khỏi Thái Nguyên [kenh14.vn]
Thái Nguyên: Gần 2.000 doanh nghiệp rút khỏi thị trường [soha.vn]