Binh Phuoc (VNA) – The industrial production of southern Binh Phuoc province has been recovering despiteeconomic difficulties of Vietnam and the world.
According to theBinh Phuoc Statistics Office, the province’sindex of industrial production (IIP) in October increased by 11.4% yearon year, of which the processing industry rose 11.8%, electricity, gas,hot water, steam and air conditioner production and distribution (3.9%),and water supply, waste and wastewater managementand treatment activities (20.5%).
In the first ten months of2023, the province’s IIP expanded by8.9% year on year. Four key sectors, namely the mining, processing andmanufacturing, electricity, gas, hot water, steam and air conditionerproduction and distribution, and water supply and waste/wastewatermanagement and treatment activities, respectively expanded by 9,9%,9,1%, 3,2% and 4,3%.
Meanwhile, some industries saw a declinesuch as garment (down 23.5%); paper and paper products (21.9%), rubberand plastic products(17.8%); furniture (7.82%). To maintain economic growth momentum in general and industrialproduction in particular in the remaining months of the year, Binh Phuoc had tofocus on solutions including building and perfecting infrastructure, developinghuman resources and reforming administrative procedures.
In addition, the province also fꩲocused to boost trade and investmentpromotion, promote key products, hold dialogues with firms and support them toovercome difficulties, further improve its business and investment environment, andaccelerate the disbursement of public investment capital and investmentpreparation for key projects such as Gia Nghia (Dak Nong) - Chon Thanh (BinhPhuoc) expressway, Ho Chi Minh City - Thu Dau Mot - Chon Thanh Expressway, andDong Phu - Binh Duong road./.
The industrial sector of the southern province of Binh Phuoc has maintained a high growth momentum thanks to local businesses’ activeness in shifting production models, changing response strategies, and linking with partners to expand production and ensure sustainable material supply.
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Wood processing for export (Photo: VNA) 
