Business

Binh Duong: industrial production rises 13.8 percent

The value of industrial production in the southern province of Binh Duong has hit over 152 trillion VND (6.68 billion USD) for the first nine months of the year, up 13.8 percent on a yearly basis.
Binh Duong: industrial production rises 13.8 percent ảnh 1Illustrative image (Source: VNA)

The value of industrial production in the southern province of Binh Duong has hit over 152 trillion VND (6.68 billion USD) for the first nine months of the year, up 13.8 percent on a yearly basis.

According to the provincial Department of Industry and Trade, the domestic sector accounted for 50 trillion VND of the figure, a rise of 12.3 percent, while the foreign-invested sector posted 103 trillion VND, up 14.6 percent.

Two-digit growth of 12 out of 27 groups of key products of the locality contributed to the high increase of total industrial production. Semiconductors, refrigerating equipment, footwear, wooden furniture, steel, garment-textiles and bags saw increases between 10-31 percent.

The department expected good growth of a number of key local exports such as footwear, textiles, handicrafts, and wooden products as most involved enterprises have already inked contracts for the remaining months of the year.

As a result, total industrial production value for the year can reach 216 trillion VND (9.5 billion USD), up 15.5 percent year-on-year.

Binh Duong is now home to 19,500 domestic projects with total investment of more than 144 trillion VND (6.3 billion USD), and 2,511 foreign-invested ones worth 22 billion USD.-VNA

VNA
#industrial production #two-digit growth #foreign-invested project Binh Duong
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