The industrial sector in the southern province of Dong Nai has experienced a stellar performance, with November’s index rising 2.49 percent from the previous month and 9.98 percent year-on-year.
Garment production in Dong Nai province. (Source: VNA)
Dong Nai (VNA) - The industrial sector in the southern province of Dong Nai has experienced a stellar performance, with November’s index rising 2.49 percent from the previous month and 9.98 percent year-on-year, according to the pr🎐ovincial Department of Industry and Trade.
The average index of industrial production (IIP) in 11 months ending in November went up 8.52 percent, compared with the same period last year. Some 16 out of 18 industries have seen their IIP increase.
Surges in markets and export orders have pulled up the production of leather and leathered-based products (14.98 percent) and clothing (9.87 percent). Meanwhile, growth has been recorded in brick, concrete and ceramics (nearly 30 percent), mining (16.86 percent) and vehicles (12.69 percent).
The local exports in the reviewed period are estimated at 13.17 billion USD, up 9.4 percent from last year. Of total exports, strong growth was seen in footwear (16.2 percent); garments (7.6 percent); handicraft and fine arts (19.7 percent); transport vehicles and spare parts (12.7 percent); and computers, electronics and spare parts (7.6 percent).
In addition, the province has imported 11.87 billion USD worth of products in 11 months, up 4 percent from 2014.-VNA
Foreign direct investment (FDI) into southern Dong Nai province has hit 2.15 billion USD as by mid-October, exceeding expectations and this year’s target of 900 million USD.
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Garment production in Dong Nai province. (Source: VNA)
