Binh Duong: industrial production index surges by 24.1%

The southern province of Binh Duong’s index of industrial production (IIP) rose 24.1% year-on-year in January, said Nguyen Van Danh, Director of the provincial Department of Industry and Trade.

binh duong: industrial production index surges by 24.1% hinh 0

Danh attributed the surge to a favourable investment climate and improved competitiveness and administrative reform, which have helped lure investors.

According to the agency, the highest increases were seen in the mining industry at 39.4%; processing, 24.3%; clothing, 22.3%; medicine, pharmaceutical chemistry and herbal materials, 22.2%; rubber and plastic products, 41.4%; metal production, 27.2%; and electronic products, computers and optical devices, 13.1%. 

Nguyen Thanh Lam, Director of the Nha Thy Company in Thu Dau Mot district said the company’s employees worked extra shifts to make time up for the upcoming Lunar New Year (Tet) holiday, ensuring its production schedule in the first quarter, while increasing their incomes.

The employment index in the province also grew by 6.8% in January, according to the department.


Related news