Business

Vinh Long’s industrial production targets 12 percent growth in 2017

The Mekong Delta province of Vinh Long has set to expand the local index of industrial production to 12 percent, and reach 42,000 billion VND in total retail sales of consumer goods and services, and 360 million USD in export turnover in 2017.
Vinh Long’s industrial production targets 12 percent growth in 2017 ảnh 1Illustrative image (Source: VNA)
Vinh Long (VNA) – The Mekong Delta province of Vinh Long has set to expandthe local index of industrial production to 12 percent, and reach 42,000billion VND in total retail sales of consumer goods and services, and 360 million USD in exportturnover in 2017.

To that end, the locality’s industrial and trade sector wasrequired to give development support policies to solve difficulties facingenterprises’ production and business, and promote administrative reform toattract more investments into the province, said Vice Chairman of theprovincial People’s Committee Tran Hoang Tuu.

Accordingly, businesses, especially those operating in key export sectors suchcement, fertilizer, rice, handicrafts, and aquatic product will be supported.

The localauthorities will focus on implementing a number of plans to restructure theindustry and trade sector, and supporting enterprises in applying newtechnologies and improving the design and quality of their goods to increasecompetitiveness.

The construction of their infrastructure facilities industrial parks (IPs) hasbeen requested to be completed on the schedule committed by investors.

Additionally, trade promotion activities and links between local enterpriseswith counterparts and distributors in other localities will be intensified,towards expanding markets for local farm produce.

According to the provincial Department of Industry and Trade, the industrialproduction in the locality in 2016 recorded the signal of recovery and stablegrowth with the index of industrial production rising by 11.03 percent, higherthan the national index and ranking the fourth in the Mekong Delta region.

The province’s industrial production value in the year hit nearly 25 trillionVND (10.97 billion USD), up 11.5 percent year-on-year, importantly contributingto the total gross regional domestic product (GRDP) in the context that thelocality’s agriculture sector was heavily affected by climate change.

In 2016, thelocal authorities granted new investment licenses to six foreign-investedprojects and three domestic ones in IPs with total investment of 150.5 millionUSD.

IPs in the locality have so far attracted 44 projects with total disbursedcapital of 1.15 trillion VND (48.3 million USD) and 119.6 million USD.
Theindustrial production and export values in IPs reached 11.6 trillion VND (539.5 million USD), and 238.2 million USD, year-on-year increases of 21.6 precent and 9percent, respectively.-VNA
VNA
#Vinh Long #index of industrial production #exxport turnover Vinh Long
Follow VietnamPlus

Related News

See more

Students practice microcontroller programming at the Vietnam-Korea College of Technology in Bac Ninh province (Photo: VNA)

Vietnam – one of most attractive destinations for leading US semiconductor companies: expert

Vietnam has built a solid semiconductor and electronics industry before joining ITSI, attracting major US semiconductor companies. Intel Products Vietnam is one of Intel's largest assembly and testing facilities worldwide, while chip design companies such as Synopsys, Cadence, Marvell and Qualcomm have established engineering and research centres in the Southeast Asian country.

Lawmakers on August 9 discuss a draft law amending and supplementing a number of articles of the Law on the State Bank of Vietnam, the Law on Anti-Money Laundering and the Law on Credit Institutions. (Photo: VNA)

Lawmakers discuss measures to ensure banking system safety, support digital economy

The draft law sets out provisions to control conflicts of interest when commercial banks act as agents managing collateral for corporate bonds. In this regard, Deputy Le Van The of Ninh Binh province said he supported the move, noting that it could provide a more professional approach to collateral management and help strengthen investor confidence if properly regulated.

A company in Da Nang operates a customer relationship management system supported by AI chatbots. (Photo: VNA)

AI drives rise of sleepless enterprises in Vietnam

The concept of a sleepless enterprise does not necessarily mean making employees stay on the job all the time. Instead, it's about building intelligent systems that can respond to customers, process transactions, monitor operations, analyse data and flag risks continuously.

Head of the Vietnam Trade Office in Australia Tran Thi Thanh My (Photo: VNA)

Vietnam, Australia eye 20 bln USD trade target

The head of the Vietnam Trade Office in Australia hoped that the visit by Party General Secretary and State President To Lam will mark a new milestone, opening the door for firms on both sides to forge stronger links and launch concrete cooperation agendas, helping hit that 20 billion USD trade goal sooner rather than later.

Phu Quoc pepper products, granted three stars under the OCOP programme in An Giang province, are displayed at an exhibition of outstanding OCOP products from the Mekong Delta. (Photo: VNA)

Phu Quoc leverages OCOP programme to take local specialities global

Better known as one of Vietnam’s premier island destinations, Phu Quoc is leveraging its “One Commune, One Product” (OCOP) programme to transform traditional specialities into internationally recognised products, integrating local agriculture, food processing and tourism to promote sustainable economic growth.

Production at an FDI enterprise in Tay Ninh province. (Photo: VNA)

FTA Index 2025 to be unveiled later this month

The index is designed to provide valuable information not only for State management agencies but also as an important reference for businesses, foreign investors, and industry associations in planning investment and business activities in Vietnam.

Air Premia, a carrier of the Republic of Korea, will resume flights between Incheon and Ho Chi Minh City from November 5. (Photo: The Courtesy of Air Premia)

Air Premia to resume Incheon–Ho Chi Minh City route from November

Flights will depart Incheon International Airport at 6:40 pm (RoK time) and arrive at Tan Son Nhat International Airport in Ho Chi Minh City at 11 pm (Vietnam time). Return flights will leave Ho Chi Minh City at 12:30 am on Mondays, Tuesdays, Thursdays, Fridays and Sundays, landing in Incheon at 7:40 am.

Production at Viet Hai High-Tech Structure Production Company Limited in Vung Ang Economic Zone. Ha Tinh province aims to develop Vung Ang Economic Zone into a regional centre for industry, energy, seaports and logistics (Photo: VNA)

Revised master plan of Vung Ang EZ approved

The adjustment aims to create a more rational development framework to maximise the zone’s potential and advantages while providing a legal foundation for construction management and ensuring sustainable development.

Illustrative image (Photo: VNA)

Vietnam looks to domestic market to sustain wood industry growth

Vietnam’s wood sector has long been a top foreign-currency earner. Exports of wood and wooden products neared 17.3 billion USD in 2025, reaching more than 160 countries and territories and clearing the high bars set by the US, the European Union and Japan.

Delegates at the event (Photo: VNA)

Vietnam remains key market for Polish food producers

The campaign promotes selected European Union agricultural and food products, including fresh, chilled and frozen beef and pork, fresh apples, apple juice and dried apples, targeting consumers, importers, distributors, retailers and the hospitality sector.