Central, Central Highlands eye 8.8% rise in industrial production

The industry and trade sectors of the central and Central Highlands provinces are striving to raise their industrial production value to nearly VND420.8 trillion (US$18.8 billion) in 2016, a year-on-year surge of 8.8%.

Pham Thai, Director of Dak Lak province’s Department of Industry and Trade made the statement at a review conference held in Buon Ma Thuot city on June 10.

He said that the sector has also set the target of achieving VND570.5 trillion (US$25.5 billion) from selling goods and services and over US$8 billion from exports, up 13.5% and 13.7%, respectively, from last year.

In a bid to fulfill the objectives, regional industrial and trade sectors will address difficulties, create favourable climates for enterprises to develop their businesses while effectively implementing economic restructuring and promoting exports, he noted.
central, central highlands eye 8.8% rise in industrial production hinh 0
An equal competitive business environment, administrative reforms, high-quality human resources as well as modern infrastructure development will be given top priority.

In addition, the sectors will also give support to enterprises in product consumption and reducing inventories and put local businesses up for having advanced technology applied to improve product quality.

According to Deputy Minister of Industry and Trade Hoang Quoc Vuong, the central and Central Highlands regions have seen robust growth in industrial production, with an increase in proportion of industrial processing and manufacturing.

The regional industry and trade sectors have also given a good performance in controlling the market and addressing violations in line with regulation, especially tackling smuggling and trade fraud, as well as ensuring food hygiene, he added.

Regional industrial production value exceeded VND211.2 trillion (US$9.5 billion) in the first six months of the year, rising 6.9% from the same time last year. Meanwhile, revenue earned from selling goods and services in the period reached VND279.5 trillion (US$12.5 billion), a year-on-year surge of 13.4%.


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