Binh Phuoc: IIP up nearly 17 percent in first five months
The Index of Industrial Production (IIP) in the southern province of Binh Phuoc increased 16.7 percent year-on-year in the first five months of 2021, according to the provincial Department of Statistics.
Binh Phuoc (VNA) - The Index of Industrial Production (IIP) in the southern provinceof Binh Phuoc increased 16.7 percentyear-on-year in the first five months of 2021, according to the provincial Department of Statistics.
Significant growth was seen in certain key industries, such as processing andmanufacturing (17.9 percent), water supply and drainage, and waste treatment(4.5 percent), and the production and distribution of electricity, gas, and airconditioners (4.1 percent).
In May alone, the index rose 17.54 percent year-on-year.
The department said the province’s budget collections totalled 5.84 trillionVND (over 252.7 million USD) in the period, up 14 percent year-on-year.
To implement the dual goal of COVID-19 containment and economic development,the provincial People’s Committee asked relevant departments, sectors, andlocalities to focus on promoting the development of innovative ecosystems and start-ups.
Attention has been also paid to synchronously implementing measures to remove difficultiesfacing local businesses.
Binh Phuoc is seeking investment in a series of infrastructure projects, including an airport and industrial parks, in the 2020-2025 period.
Situated in the southern key economic region, Binh Phuoc is the largest of the19 provinces in Vietnam’s southern region.
It is famous for two crops of higheconomic value - rubber and cashew nuts - and has 243,000ha of land under theformer and 138,000ha under the latter.
It posted economic growth of 7.51 percent last year thanks to outstandingefforts in containing COVID-19 and promoting economic development.
Growth is expected to come in at 8.5-9 percent this year./.
The southern province of Binh Phuoc recorded economic growth of 7.51 percent in 2020 thanks to its outstanding efforts in containing COVID-19 and promoting economic development, according to a local official.
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Illustrative image (Photo: binhphuoc.gov.vn) 
