Wednesday, August 16, 2017 - 20:32:04

Mekong Delta forecasts 18 percent increase in industrial production

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The Mekong Delta provinces expect their industrial production value to grow 18 percent this year to reach 495 trillion VND (23.265 billion USD).

According to statistics of the regional industry and trade sectors, industrial production value of the localities for the January-October period stood at over 371 trillion VND (17.43 billion USD). The figure for the last two months of this year is forecast at nearly 124 trillion VND (5.28 billion USD).

According to the Steering Committee for the Southwestern Region, in 2013, the Mekong Delta region has focused on renovating the growth model in the direction of improving efficiency and competitiveness.

Besides, the region also concentrated on developing industries of its strength, such as seafood and rice processing for export, garment and textile, beverage production, animal feed, fertilizer and cement.

Nguyen Phong Quang, deputy head of the Steering Committee for the Southwestern Region said all provinces in the region have created favourable condition for businesses with equal, transparent environment in line with their integration commitments.

The localities have applied financial policies for private firms to improve businesses’ access to financial sources, he said.

Local businesses have also taken initiative in designing their operation plans and strategies to suit the real situation, renovating technology, upgrading equipment, reducing cost and enhancing the quality of their productions, while strengthening their connectivity with partners to expand their markets, Quang added.

The Mekong Delta region comprises of 12 provinces: An Giang, Bac Lieu, Ben Tre, Ca Mau, Dong Thap, Hau Giang, Kien Giang, Long An, Soc Trang, Tien Giang, Tra Vinh and Vinh Long, and one city - Can Tho, with a total area of 40,000 square kilometres and a population of 18 million. It is the largest granary of the country.-VNA
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