Thanh Hoa faces pressure to achieve 17% growth in the final quarter of the year.

Industry is the engine of growth.

According to the Provincial People's Committee's Plan 255 on growth scenarios for the remaining months of 2026, the industrial and trade sector must generate at least 11,274 billion VND in added value, equivalent to 54.2% of the total added value of the economy .

The industry and trade sector is striving to bring new projects into operation while increasing the capacity of existing factories.

At Nghi Son Steel Rolling Mill No. 2, hundreds of engineers, experts, and workers are urgently completing the installation items, aiming for trial operation of the new production line in the fourth quarter.

Speaking to reporters, Mr. Chu Van Tung, the project's construction manager, said that currently, the construction site maintains a workforce of approximately 400-500 people. The goal is to conduct trial operations as planned, aiming to supply finished steel products to the market from the beginning of 2027.

The project has a total investment of VND 4,787 billion, a designed capacity of 1.6 million tons of rolled steel per year, and utilizes DANIELI technology from Italy. When operational, the plant will significantly increase the production capacity of Thanh Hoa's steel industry.

Besides relying on new projects, existing factories are also being asked to increase capacity in the final months of the year.

At SAB Vietnam Industrial Co., Ltd., the company is preparing for the peak production period by optimizing work shifts, increasing equipment efficiency, proactively securing raw materials, and maintaining safe inventory levels. The company is also strengthening skills training for local technical workers.

According to Mr. Cui Gang, Production Director of SAB Vietnam Industrial Co., Ltd., the company focuses on increasing productivity per worker, maximizing equipment utilization, and proactively managing the supply chain to ensure timely delivery to global customers.

According to data from the Department of Industry and Trade, in the first nine months of 2026, Thanh Hoa's industrial production index increased by more than 11% compared to the same period last year. Production of 18 out of 19 key industrial products increased, including iron and steel (23.5%), fertilizers (17.5%), electricity production (15.6%), sports shoes (14.1%), ready-made clothing (9.7%), and cement (8.7%).

However, this result is not enough to guarantee the full-year target. In the last six months of the year, the industrial sector must grow by at least 22.18%, striving for 23.79%; specifically, the processing and manufacturing industry must grow by at least 24.2%, striving for 25.98%.

The Ministry of Industry and Trade is monitoring the progress of each project scheduled to be put into operation, while closely following key product groups such as steel, cement, electricity, garments, footwear, fertilizers, and animal feed to overcome difficulties and increase production.

The Nghi Son Refinery and Petrochemical Plant continues to be identified as one of the major driving forces. In the last six months of the year, the plant aims to maintain an average capacity of approximately 110%, with a production output of about 4.6 million tons, contributing approximately 10,000 billion VND to the state budget.

Holding the head of the organization accountable.

The pressure for growth is not limited to industry. Disbursing public investment is one of the major bottlenecks that needs to be addressed.

Thanh Hoa province's total public investment plan for 2026, including both allocated funds for the year and funds carried over from 2025, is over 19,347 billion VND. As of September 24th, the province had only disbursed 9,861 billion VND, reaching 50.97%.

This figure is lower than the requirement that the province must disburse at least 60% of the planned capital by the end of September.

At the provincial conference on October 5th to implement the growth scenario plan for the fourth quarter, provincial leaders identified this period as crucial for achieving the annual growth target.

According to estimates, the GRDP in the third quarter increased by 10.49%, bringing the growth rate for the first nine months to 8.54%. To achieve the government's target, Thanh Hoa must achieve a growth rate of 17.09% in the fourth quarter, significantly higher than the growth rate of the third quarter.

Specifically, industry must grow by 28.79%, construction by 12.59%, services by 12.60%, and agriculture, forestry, and fisheries by 4.83%.

Thus, the industrial sector alone needs to generate approximately 6,915 billion VND in added value in the fourth quarter, the highest increase among all economic sectors.

Chairman of the Provincial People's Committee, To Anh Dung, stated that the biggest challenge currently is the very short timeframe while demanding high growth, and the fact that growth results are concentrated in a few sectors and businesses. Disbursing public investment capital has been identified as a key political task for the fourth quarter.

At the conference, Mr. To Anh Dung requested that undisbursed funds be immediately reallocated to avoid a situation where funds are sitting idle. The disbursement task forces were instructed to hold meetings every two weeks, directly working with investors, communes, and wards with low disbursement rates, and promptly addressing issues within their jurisdiction.

The management method has also shifted from monthly to weekly. Targets that are not met for two consecutive weeks must be explained by the head of the organization; the results for October that were not met must be compensated for in November, to avoid putting pressure on the final month of the year. The provincial leadership has also assigned specific tasks to departments, agencies, and localities within the province according to the "6 clear - 1 consistent" principle, with weekly and monthly performance reviews.

Any unit or locality that operates without focusing on statistical reporting and achieving tangible results will hold its head accountable to the Chairman of the Provincial People's Committee.

Thanh Hoa province's target for the fourth quarter is a minimum growth of 17.09%, striving for 17.48%, thereby bringing the annual GRDP to 11% or higher.

Source: https://www.nguoiduatin.vn/thanh-hoa-truoc-ap-luc-tang-truong-17-trong-quy-cuoi-nam-204261006185137736.htm