Nghe An: Quarter 1’s industrial production up 15.21%

The index of industrial production (IIP) in the central province of Nghe An in the first three months of 2018 is forecast to rise 15.21% against the same time last year, according to the provincial Department of Industry and Trade.

nghe an: quarter 1’s industrial production up 15.21% hinh 0

The processing industry experienced an increase of 18.02% year on year thanks to local plants’ stable operation.

Some industrial products that posted high IIP growth included cement (47.19%), yogurt (28.01%), milk (18.06%), sugar (15.58%) and commercial electricity (15.24%).

During the period, the province approved 23 industrial projects with total capital of more than VND4.16 trillion (US$166.4 million). They included the Trung Do material building production complex, Masan Nghe An beer and beverage plant, FLC-Tan Ky Nghe An high-tech agriculture zone and a Biomass fuel plant.

The province also aims to hasten the construction of some garment plants, hydropower projects and projects in the Vietnam-Singapore Industrial Park (VSIP), while working to develop infrastructure in VSIP and Hermarj and Dong Hoi industrial parks.

VNA

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