Binh Duong Industrial production index rises 9.48 percent (Illustrative image. Source: VNA) Binh Duong (VNA) – The southern province of Binh Duong enjoyed a month-on-month rise of 5.09 percent in index of industrial production (IIP) in September and a 9.48 percent year-on-year increase in the first nine months of this year.
According to the provincial People’s Committee, the number of workers in local firms in the reviewed period rose 1.76 percent from the previous month. The figure in State-owned enterprises was up 1.88 percent, while that of foreign direct invested firms was up 1.69 percent.
Since early this year, the processing and manufacturing industry contributed 96 percent of total value of the sector.
Some sectors recording good growth included food processing with 5.1 percent; garment, 5.7 percent; leather and related products, 11.9 percent; paper and pulp products, 6.2 percent; rubber and plastics, 12.7 percent; electronics, computers and optical products, 18.4 percent.
The committee also revealed that along with support policies, the province has promptly remove obstacles and created favourable conditions for enterprises to improve competitiveness and expand market.
The province expects good growth in the local index of industrial production in the rest of the year.-VNA
VNA
