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 (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
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Illustrative image (Source: VNA) 
