The processing industry in the southern province of Binh Duong generated 130 trillion VND (nearly 6.2 billion USD) during this years’ first three quarters, up by 13.6 percent compared to last year, turning the locality into Vietnam’s processing hub.
The processing industry represented 98 percent of the province’s production value, which totalled more than 131 trillion VND (over 6.23 billion USD), a 14 percent increase since 2013. The remaining 2 percent of production value - 1 trillion VND - was generated by the mining sector, Vo Van Cu, Director of the provincial Department of Industry and Trade, said.
Growth was recorded primarily in the sectors that process export products, such as footwear and handbags (27 percent increase), wooden products (27 percent increase), rubber and plastic goods (24 percent increase), and animal fodder (5-18 percent increase).
Recently, Binh Duong adjusted its socio-economic development plan for 2020 with a focus on processing and high-tech industries to accelerate sustainable industrialisation.
Binh Duong is located in Vietnam’s southern key economic region, which also encompasses Ho Chi Minh City and six other provinces.-VNA
The processing industry represented 98 percent of the province’s production value, which totalled more than 131 trillion VND (over 6.23 billion USD), a 14 percent increase since 2013. The remaining 2 percent of production value - 1 trillion VND - was generated by the mining sector, Vo Van Cu, Director of the provincial Department of Industry and Trade, said.
Growth was recorded primarily in the sectors that process export products, such as footwear and handbags (27 percent increase), wooden products (27 percent increase), rubber and plastic goods (24 percent increase), and animal fodder (5-18 percent increase).
Recently, Binh Duong adjusted its socio-economic development plan for 2020 with a focus on processing and high-tech industries to accelerate sustainable industrialisation.
Binh Duong is located in Vietnam’s southern key economic region, which also encompasses Ho Chi Minh City and six other provinces.-VNA
