The southern province of Dong Nai posted a month on-month increase of 0.6 percent and a year-on-year rise of 9.8 percent in November’s industrial production index (IPI), according to Nguyen Van Quan, Vice Director of the provincial Department of Industry and Trade.
The aggregate figure for the January-November period showed a 7.9 percent expansion compared to the same period last year, with the processing industry climbing 7.7 percent, he said.
Quan attributed the results to the enhanced production capacity of local enterprises, along with stable orders and decreased material prices, particularly fuel prices.
In particular, many foreign invested projects became operational this year, contributing to raising the province’s industrial production capacity, he said.
However, some sectors suffered from unfair competition by smuggled goods, leading to sharp decreases, including tobacco and tobacco products production, 13 percent, textile, 2.9 percent, and paper, 23 percent, the official noted.
According to the department’s forecast, the local IPI will increase by 8.3 percent for the whole 2014, higher than that of 2013 at 7.6 percent.
Increase is also predicted for 13 out of 16 industries, including leather production (15.3 percent), apparel (13.6 percent), engined vehicle manufacturing (30.5 percent), and electronics ( 21.85 percent).-VNA
The aggregate figure for the January-November period showed a 7.9 percent expansion compared to the same period last year, with the processing industry climbing 7.7 percent, he said.
Quan attributed the results to the enhanced production capacity of local enterprises, along with stable orders and decreased material prices, particularly fuel prices.
In particular, many foreign invested projects became operational this year, contributing to raising the province’s industrial production capacity, he said.
However, some sectors suffered from unfair competition by smuggled goods, leading to sharp decreases, including tobacco and tobacco products production, 13 percent, textile, 2.9 percent, and paper, 23 percent, the official noted.
According to the department’s forecast, the local IPI will increase by 8.3 percent for the whole 2014, higher than that of 2013 at 7.6 percent.
Increase is also predicted for 13 out of 16 industries, including leather production (15.3 percent), apparel (13.6 percent), engined vehicle manufacturing (30.5 percent), and electronics ( 21.85 percent).-VNA
