The index of industrial production (IIP) in the central province of Nghe An in the first three months of 2018 is forecast to rise 15.21 percent (Photo: VNA) Nghe An (VNA) – The index of industrial production (IIP) in the central province of Nghe An in the first three months of 2018 is forecast to rise 15.21 percent against the same time last year, according to the provincial Department of Industry and Trade.
The processing industry experienced an increase of 18.02 percent year on year thanks to local plants’ stable operation.
Some industrial products that posted high IIP growth included cement (47.19 percent), yogurt (28.01 percent), milk (18.06 percent), sugar (15.58 percent) and commercial electricity (15.24 percent).
During the period, the province approved 23 industrial projects with total capital of more than 4.16 trillion VND (166.4 million USD). They included the Trung Do material building production complex, Masan Nghe An beer and beverage plant, FLC-Tan Ky Nghe An high-tech agriculture zone and a Biomass fuel plant.
The province also aims to hasten the construction of some garment plants, hydropower projects and projects in the Vietnam-Singapore Industrial Park (VSIP), while working to develop infrastructure in VSIP and Hermarj and Dong Hoi industrial parks.-VNA
VNA
