The province’s industrial manufacture over the past time reached stable growth and continued playing a main role in the local socio-economic picture. In 2017, the sector is predicted to further obtain growth thanks to new advantages.
Stable growth
In 2016, the province’s index of industrial production (IIP) gained a growth of 10.1%. Although being lower than that of 2015, the figure was the great effort by the local business community amid difficulties in this field.
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This is a production line of New Choice Foods Co.Ltd. at TDM city-based VSIP II
Some industries with growth high include mining up 10.4%; power production and distribution, 13.3%; waste water treatment and water supply, 17.3%...Up to 25 out of 28 main industrial products in the province saw an increase compared to 2015. Whilst, there was stable growth in the province’s main export products such as garment-textile up 6.7%; leather and their products, 8.6%; electronics, 18.8%...
The sector’s stable growth also contributed to helping the province’s GRDP growth rate at 8.5%. The average GRDP per capita of locals was VND108.6million. The province’s economic structure was also developed with 63% in industrial manufacture, 23.5% in services and 4.3% in agricultural production…
Efficiency promoted
At a recent meeting reporting on the local socio-economic performance, national defence-security in 2016 and orientations, tasks for 2017, Tran Thanh Liem, Vice-Secretary of provincial Party Committee, Chairman of provincial People’s Committee said that the province’s industrial manufacture in 2016 made efforts to surmount difficulties and continued maintaining growth. But in 2017, it needs to try harder to deserve to be a main economic sector with development in the right direction, creating a motivation for the local urban, service and trading development.
Accordingly, the province must continue well realizing its Project on restructuring of industrial manufacture and Plan on cleaner production. Province-based businesses also need to effectively use energy and input materials, improve the quality of environment towards sustainable development.
For in-depth development, the province will further give priority to developing auxiliary, spearhead, processing-manufacturing industries, supplying materials and raising the localization rate for industrial products. The province will also map out a plan on step by step changing the use of industrial parks (Ips) and industrial compounds (ICs) in the southern region of the province in line with urban and service development planning. Especially, the province will put focus on developing Ips approved by the Prime Minister on schedule.
Regarding long-term industrial development vision, at the 10th provincial Party congress, Tran Van Nam, member of the Party Central Committee, Secretary of provincial Party Committee said that the goal of the province was to raise its annual GRDP growth rate to 8.3%. By 2020, the province will strive to become a big industrial hub of the country with production development at national and regional scale. The province will also give priority to fostering auxiliary industries, call for investors to expand production, generate jobs for 45,000 laborers every year…
In the new period, the province will make restructuring of processing and export industries towards developed countries and the region; promote spearhead industries like electricity, electronics, telecommunications, mechanics, chemicals…The province will focus on industrial development in the southern region towards hi-tech industries with high added value in line with urban and service development planning. Besides, the province will promote industrial development in the northern region in association with new rural construction, give priority to fostering processing industries in association with developing material areas.
In 2016, investors of province-based IPs and ICs spent more than VND300billion on technical infrastructure construction and there were nearly 346 hectares of land, workshops hired. Province-based IPs also absorbed more than US$1.61billion in FDI capital or 85.8% of total FDI capital flowing into the province. Businesses at province-based IPs and ICs also reached US$11.8billion in export turnover and US$20billion in total revenue.
The province also guided investors of the local IPs to realize adjustment planning approved by the Prime Minister; allowed Becamex IDC to expand the Bau Bang IP and build the Cay Truong IP. This will contribute to helping absorb more investment projects, promoting the local industrial, service and urban development.
Reported by Khanh Vinh-Translated by K.T
