Ba Ria-Vung Tau: Industrial production edges up 8.5 percent

BaRia-Vung Tau: Industrial production edges up 8.5 percent

Despite difficulties posed by COVID-19, the industrial production value, excluding oil and gas, of the southern province of Ba Ria-Vung Tau was estimated to increase 8.44 percent in the first half of this year compared to the 6.47 percent growth in the same period last year.
BaRia-Vung Tau: Industrial production edges up 8.5 percent ảnh 1Illustrative image (Photo: Internet)

Ba Ria – Vung Tau (VNA) - Despite difficulties posed by COVID-19, the industrial production value, excluding oil and gas, of the southern province of Ba Ria-Vung Tau was estimated to increase 8.44 percent in the first half of this year compared to the 6.47 percent growth in the same period last year.

According to the provincial Department of Statistics, the mining industry rose by 6.91 percent, the processing and manufacturing industry up 8.88 percent, and the electricity production and gas, hot water distribution up 5 percent, while water supply and waste treatment saw an increase of 6.87 percent. 

Nguyen Thu, head of the provincial Department of Statistics, attributed the increase to the storing and sufficient supplies of input materials for production by enterprises in the field of seafood processing, shoes and leather production, steel production, as well as orders for production until the end of 2021.

Also in the period, additional 22 new enterprises were operational, contributing to the increase in the local industrial production.

By the end of June, there had been a total of 495 valid investment projects in the province's industrial parks, with a total registered capital of more than 20 billion USD, including 226 domestic investment projects with total capital of 102.9 trillion VND and 1.5 billion USD; and 248 FDI projects worth 12.14 billion USD./.

VNA

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