Encouraging Results
In the first six months of 2026, industry continued to play a key role as a growth driver for the provincial economy, with a number of indicators showing encouraging results. Production maintained its growth momentum, while new projects came into operation and investment in infrastructure for industrial parks and clusters was accelerated, laying an important foundation for achieving the province's double-digit economic growth target in 2026.
Steel production at Tuyen Quang Iron and Steel Co., Ltd.
According to the Department of Industry and Trade, against a backdrop of rising raw material and transport costs, continued volatility in export markets and increasingly intense competition, these results demonstrate the adaptability, production continuity and resilience of local industrial enterprises.
Nguyen Duy Luan, General Director of Tuyen Quang Iron and Steel Co., Ltd., said that although the steel market continues to face challenges, the company has implemented a range of coordinated measures to maintain production efficiency. These include flexibly managing production, optimising costs, securing raw material supplies, stepping up energy saving, and improving labour productivity and product quality. As a result, the company has maintained stable production, aims to meet its targets for 2026 and continues to contribute to the growth of the province's industrial sector.
With an integrated production line covering the entire process from ore extraction to steel rolling, Tuyen Quang Iron and Steel Co., Ltd. has continued to maintain stable production and improve operational efficiency. In the first six months of the year, the company produced 176,090 tonnes of steel, generating approximately 2.353 trillion VND in revenue and contributing 47.6 billion VND to the State budget. Average monthly income stood at more than 10.4 million VND per employee.
Accelerating Projects, Creating New Growth Drivers
Alongside the growth of existing enterprises, newly operational industrial projects are creating additional room for growth. In the first six months of the year, eight industrial projects across the province completed investment and began operations, and are expected to contribute around 1.53 trillion VND to industrial production value. Notable projects include Song Lo 5 Hydropower Plant, Nam Lang Hydropower Plant, the Compound Plastic Granule Manufacturing Plant, the Tarpaulin Fabric and Footwear Manufacturing Plant, Kien Xuong Tuyen Quang Footwear Factory and LGG 3 High-Tech Garment Factory, among others.
The new projects are not only strengthening production capacity but also creating more jobs, expanding production linkages and increasing the share of processing and manufacturing in the province's industrial structure. At the same time, major local enterprises, including Tuyen Quang Cement JSC, Tuyen Quang Ferroalloy JSC and Hai Bach Manufacturing and Trading Co., Ltd., continue to maintain stable production, helping consolidate the foundation for industrial growth.
To create room for further growth, efforts are being focused on completing infrastructure at Phuc Ung 2, Xuan Van and Nhu Khe industrial clusters, while Phuc Ung 2 Industrial Cluster is being developed into the province's first smart industrial cluster. Under the plan, another 14 industrial projects are expected to be completed and brought into operation in the final six months of the year, bringing the total number of projects coming into operation during 2026 to 22. They are expected to contribute around 2.282 trillion VND to industrial production value.
Nguyen Thanh Hieu
Abridged from Tuyen Quang Portal
