Industrial production expands 18 percent in Tien Giang

The Mekong Delta province of Tien Giang saw a record yearly growth of 18 percent in industrial production value in the first half of this year, to nearly 51.1 trillion VND (2.245 billion USD), according to Director of the province’s Department of Industry and Trade Ngo Van Tuan.

industrial production expands 18 percent in tien giang hinh 0
The director said most major industries of the province such as food processing, beverages, garment making, shoes and metal production posted good growth compared to 2017.

He noted that foreign-invested enterprises operating in key local industrial parks were the driving force behind the strong growth.

Tuan cited as an example Heineken Vietnam Brewery Tien Giang whose beer output rose by 39.4 percent year on year.

The local shoe making industry enjoyed a 25 percent growth with many orders from foreign partners, especially from China.

The for-export tra fish processing industry also recorded an 18 percent increase despite trade barriers in the US.

In the second half of the year, Tien Giang aims for 57.8 trillion VND (2.54 billion USD) in industrial production value, bringing the figure for the entire 2018 to nearly 108.9 trillion VND, up 18.5 percent from 2017.

Also in the same period, Tien Giang raked in a total investment of more than 7.2 trillion VND, or 316.8 million USD, a 2.3-fold increase from the same period last year.

Over 97.2 percent of the amount, or 7 trillion VND (308 million USD), have been poured into 18 new projects.

Nearly 370 new enterprises have been established in the province in the January-June period with a total registered capital of more than 2.58 trillion VND (113.52 million USD), up 31.5 percent and 89 percent, respectively.


Related news