SOCIO-ECONOMIC DEVELOPMENT ORIENTATION

Orientation and growth targets for Thanh Hoa province in the period 2021-2030, vision to 2045:

ECONOMIC DEVELOPMENT TARGETS FOR THE PERIOD 2021 – 2030

ECONOMIC DEVELOPMENT TARGETS

2021 - 2025

2026 - 2030

Gross Regional Domestic Product (GRDP)

10,1%

GRDP PER CAPITA

4,200

USD

7,850

USD

Total mobilized funds in the province

750,000

BILLION USD

900,000

BILLION USD

Export values

8

BILLION USD

15

BILLION USD

Urbanization rate

30%

>50%

Average labor
productivity increases per year

9,6%

8,1%

Contribution of Total factor productivity (TFP) to (GRDP)

40%

45%

ECONOMIC STRUCTURE (2030)

Industry - Construction

Service

Agriculture, forestry, aquaculture

Taxe on product

3 GROWTH DRIVING PILLARS

1. Processing And Manufacturing Industry

Thanh Hoa will become one of the critical hubs of the North Central region and the whole country in terms of processing and manufacturing industry, serving as the foundation for economic restructuring towards industrialization and modernization, which focuses on developing sectors that have competitive advantages and high productivity. Some significant industries oriented to development are petrochemical, chemical, power, supply, mechanical, electronics, metal, construction material, and textile industries.

2. Agriculture

Agriculture will be restructured, focusing on developing large-scale, high-value-added farming and breeding models closely linked to the food processing value chain to improve production efficiency. High-tech and organic technology will also be applied to improve land use efficiency and increase the productivity of crops, livestock, and labor. Some major agricultural industries oriented to development are horticulture, animal husbandry, forestry, and aquaculture.

3. Tourism

By 2030, Thanh Hoa will become one of the country's tourism centers with high-quality tourism products, affirming its brand and competitiveness. Three types of tourism that are oriented to development are beach tourism, community-based ecotourism, and heritage travel.

4 STEERING ECONOMIC HUBS

1

Southern steering economic hub (Nghi Son economic zone)

Nghi Son economic zone aims to develop as one of the country's coastal urban, industrial, and service centers and then a multi-sector area focusing on heavy industry, basic industry, energy industry, processing, manufacturing, and services associated with efficient exploitation of Nghi Son seaport.

2

Thanh Hoa City - Sam Son city steering economic hub

Thanh Hoa City - Sam Son City steering economic hub aims to develop multi-sector services focusing on developing clean and high-tech industries with high added value, high-quality human resources, beach tourism, and heritage travel, making Sam Son City one of the country's key tourist destinations.

3

Western steering economic hub (Lam Son - Sao Vang)

Lam Son - Sao Vang area aims to develop a new steering economic hub of the province in association with Tho Xuan airport and high-tech industrial and agricultural zones, followed by forming the Lam Son - Sao Vang urban area and developing heritage travel in Lam Kinh and Le Hoan unique national relics.

4

Northern steering economic hub (Bim Son - Thach Thanh)

Bim Son - Thach Thanh area aims to develop a steering economic hub in the North of the province associated with the Bim Son industrial park.

6 ECONOMIC CORRIDORS

1

Coastal economic corridor connecting Thanh Hoa province with the northern provinces (Quang Ninh, Hai Phong, Thai Binh, Nam Dinh, Ninh Binh) and Nghe An province (in the central region) through the coastal road and National Highway 10.

2

The North-South economic corridor is the central axis of the province in the North and South directions, connecting Thanh Hoa province with Ha Noi, Northern, and Northern Central provinces via National Road 1A and the North-South expressway.

3

The central economic corridor is the province's central axis in the East and West directions, playing an important role in regulating the province's economic activities. It connects Sam Son City, Thanh Hoa City, and Tho Xuan District via Nam Son Ma Boulevard, Le Loi Boulevard, and the route from Thanh Hoa City to Tho Xuan Airport.

4

International economic corridorconnecting Nghi Son seaport and Tho Xuan airport with Northwestern provinces and Lao PDR via the route from Tho Xuan airport to Nghi Son Economic Zone, Ho Chi Minh Road, National Road 15, National Road 217 and Na Meo international border gate.

5

Ho Chi Minh road economic corridor (agricultural highway), connecting Thanh Hoa province with Ha Noi, the northern provinces, Nghe An province, and especially the midland and mountainous districts of the province.

6

North East economic corridor connecting Lach Sung port - Nga Son - Bim Son -Thach Thanh with Northern provinces via National Highway 217B, National Highway 217, and Ho Chi Minh road.

5 INTER-DISTRICT AREAS

CENTRAL AREA (AREA NO. 1)

1. Characteristics: Area No. 1 is a dynamic area in the center of Thanh Hoa province, including urban clusters. Thanh Hoa City - Sam Son City is the core area that functions as the provincial capital of Thanh Hoa province.
2. Core development orientation: developing multi-sectors focusing on infrastructure and urban economy, service economy and technical economic sectors with high-added value, marine economy, beach tourism linked to ecotourism and heritage travel, clean and environment-friendly industries, and sustainable organic agriculture.

AREA NO. 2

1. Characteristics: Area No. 2 is a central plain area combining the midland area of Thanh Hoa province and an important traffic hub by road and airway.
2. Core development orientation: developing clean and sustainable agriculture, high-tech industry, and tourism services. Lam Son-Sao Vang Industrial Park will be developed into a high-tech industrial park of the province, focusing on electronics and telecommunications equipment, aviation, information technology, high-tech agriculture, heritage travel, and community-based ecotourism.

AREA NO. 3

1. Characteristics: Area No. 3 is a northern dynamic area of the province and a gateway connecting Thanh Hoa with Hanoi, the Red River Delta, and the Northeast region.
2. Core development orientation:: developing the construction materials industry, processing and manufacturing industry, textile and footwear industry, pharmaceutical chemistry, forestry and fishery, heritage travel and ecotourism, large-scale and high-tech agricultural production with the main products including fruit trees, industrial crops, cattle raising, and aquaculture.

AREA NO. 4

1. Characteristics: Area No. 4 is a Southern steering hub associated with the Nghi Son Economic Zone and a necessary driving force to promote Thanh Hoa to become a regional and national economic center.
2. Core development orientation: developing the petrochemical, heavy, processing, and manufacturing industries in the Nghi Son economic zone, the marine, and urban economy, and services that meet the needs of the economic zone's development.

AREA NO. 5

1. Characteristics: Area No. 5 is the western mountainous region of Thanh Hoa province. There is a border between Vietnam and Laos with eco-watershed forests, ensuring an ecological environment, water source, national defense, and security.
2. Core development orientation,
+ Preserving and using special-use forests, reserves, and nature reserves associated with ecotourism and heritage travel, manufacturing forestry and medicinal products, and developing animal and cattle farming.
+ Developing high-tech agriculture, afforestation of large timbers, agricultural and food processing industry, building materials industry, and textile industry in appropriate areas.

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