Business

Central, Central Highlands eye 8.8 pct rise in industrial production

The industry and trade sectors of the central and Central Highlands provinces are striving to raise their industrial production value to nearly 420.8 trillion VND (18.8 billion USD) in 2016.
Central, Central Highlands eye 8.8 pct rise in industrial production ảnh 1The conference in Buon Ma Thuot city on June 10 (Source: VNA)

Dak Lak (VNA) – The industry and trade sectors of the central and Central Highlands provinces are striving to raise their industrial production value to nearly 420.8 trillion VND (18.8 billion USD) in 2016, a year-on-year surge of 8.8 percent.

Pham Thai, Director of Dak Lak province’s Department of Industry and Trade made the statement at a review conference held in Buon Ma Thuot city on June 10.

He said that the sector has also set the target of achieving 570.5 trillion VND (25.5 billion USD) from selling goods and services and over 8 billion USD from exports, up 13.5 percent and 13.7 percent, respectively, from last year.

In a bid to fulfill the objectives, regional industrial and trade sectors will address difficulties, create favourable climates for enterprises to develop their businesses while effectively implementing economic restructuring and promoting exports, he noted.

An equal competitive business environment, administrative reforms, high-quality human resources as well as modern infrastructure development will be given top priority.

In addition, the sectors will also give support to enterprises in product consumption and reducing inventories and put local businesses up for having advanced technology applied to improve product quality.

According to Deputy Minister of Industry and Trade Hoang Quoc Vuong, the central and Central Highlands regions have seen robust growth in industrial production, with an increase in proportion of industrial processing and manufacturing.

The regional industry and trade sectors have also given a good performance in controlling the market and addressing violations in line with regulation, especially tackling smuggling and trade fraud, as well as ensuring food hygiene, he added.

Regional industrial production value exceeded 211.2 trillion VND (9.5 billion USD) in the first six months of the year, rising 6.9 percent from the same time last year. Meanwhile, revenue earned from selling goods and services in the period reached 279.5 trillion VND (12.5 billion USD), a year-on-year surge of 13.4 percent.-VNA

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# industrial production value #economic restructuring #business environment #administrative reforms
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