The southern province of Dong Nai strives to increase the industrial production value to 12-13 percent in 2015 from the previous year.
Spearhead industries are expected to contribute some 44.4 percent to the total value, according to Director of the provincial Department of Industry and Trade Le Van Danh.
In the coming time, the province will focus on increasing the proportion of hi-tech and supporting industries, which are friendly to the environment, he said.
To realise the target, the provincial industry and trade sector has enacted a number of measures such as introducing local potential and attracting hi-tech and clean production projects.
It will also urge industrial parks and clusters to push ahead with infrastructure investment to call for investments in spearhead industries, while enhancing technology transferring and application of new-cutting edge equipment to increase product quality and competitiveness.
Special attention is also paid to human resources development policy, especially vocational training and sharpening skills and capacity for small-and medium-sized enterprises and industrial production factories.
Local authorities will put forth more incentives to encourage and support businesses to invest in the hi-tech, supporting and processing industries.
According to the provincial Department of Industry and Trade, the local industrial production index in August increased by 1.75 percent over the previous month and 6.62 percent against the same period last year.
In the first eight months of this year, the local industrial production index was estimated to increase by 8.28 percent year-on-year.
Considerable growth was registered in the sec𝄹tors of garment-textile, footwear, rubber, plastic, wood, coal 🅷mining, processing industry, and electricity.-VNA
Vietnam's index of industrial production (IIP) in August increased by only 4.4 percent compared to last year, much lower than the 7 percent rise of last month, the General Statistics Office (GSO) reported.
Industrial production has seen significant progress in the third quarter of this year compared to the two previous quarters. However, there is no room for complacency as industrial production, considered as a key factor to develop the national economy, has declined since 2011. The Vietnam Economic News reports.
Vietnam’s industrial production value in 2013 grew by 7.4 percent from last year’s figure thanks to the remarkable recovery of the processing and manufacturing industry.
The southern province of Dong Nai is striving to raise its industrial production value to nearly 574.5 trillion VND (27 billion USD) in 2014, up 13-14 percent over the previous year.
The Management Board of Industrial Zones in the southern province of Dong Nai has granted licences to seven foreign direct investment (FDI) projects worth over 32 million USD in August.
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Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
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Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Illustrative image (Source: VNA)
