Dong Nai sees 8.35 percent growth in industrial production in six months

Hanoi (VNA) – Industrial production of the southern province of Dong Nai in the first six months of 2018 grew 8.35 percent over the same period of 2017.

Highest rise was seen in water supply, waste management and treatment industry at 13.11 percent, followed by power, gas and hot water production and distribution at 8.35 percent, and mining at 5.2 percent.

The provincial People’s Committee attributed the results to the stable global economy that led to stable export orders of many products such as footwear, garment, rubber and plastics.

At the same time, some foreign-invested projects expanded, while some others were put into operations.

Meanwhile, in the first six months of 2018, Dong Nai continued maintaining high and stable economic growth, which was the driving force for industrial production.

Dong Nai’s total gross regional domestic product grew 7.5 percent over the same period last year.

With exports of over 9 billion USD, Dong Nai enjoyed trade surplus of over 1 billion USD in six months.

Foreign direct investment reached 950 million USD, completing 95 percent of the locality’s yearly target.

As many as 1,650 new firms were established with combined capital of 12 trillion VND.

Dong Nai’s total budget collection hit 23.22 trillion VND, fulfilling 43 percent of the yearly estimate and representing a rise of 11 percent year on year.

In the rest of the year, Dong Nai will continue rolling out measures to improve its business environment and enhance competitiveness, while dealing with difficulties related to investment procedures to speed up the progress of disbursement and public investment projects.-VNA