Continuing the recovery momentum from the end of 2023 and the first months of 2024, industrial production in the country in general and in the province in particular continued to flourish, contributing positively to the overall growth of the economy.
Packaging production at Flecon Vietnam Co., Ltd. (Thuy Van Industrial Park, Viet Tri City).
In the first 6 months of the year, the growth rate of the industrial sector in the province increased by 14.58% over the same period, the industrial production index IIP is estimated to increase by 33.8%. Production achieved positive results thanks to the significant contribution of a number of newly operational large-scale enterprises such as: The electronics factory project of BYD Vietnam Electronics Co., Ltd. (Phu Ha Industrial Park) with 6-month revenue increasing by 20,000 billion VND; the solar panel production project of VietNam Sunergy Cell Co., Ltd. (Cam Khe Industrial Park) operating from August 2023, 6-month revenue reached 3,500 billion VND...
Stability in production, market expansion, and domestic and foreign order seeking by businesses have promoted strong growth in the entire industry, with 11/19 industrial groups growing compared to the same period.
Some key industrial products in the first 6 months of the year increased compared to the same period last year such as: Laptops are estimated at 5.9 million units, more than double the same period; integrated electronic circuits are estimated at 37.9 million units, up 30%; superphosphate fertilizer is estimated at 216,500 tons, up 17.6%; NPK fertilizer is estimated at nearly 225,000 tons, up 13.6%; ready-made clothes are estimated at 51 million products, up 5.2%; tea of all kinds is estimated at 21,500 tons, up 10%...
Processing and manufacturing industry is the key industry, determining the scale and growth rate of the industry. Mr. Tran Van Viet - Deputy Director of the General Statistics Office said: "According to the results of the survey on production and business of processing and manufacturing enterprises in the province in the second quarter of 2024, enterprises assessed the situation quite positively, with 78% of enterprises assessing that the production volume in the second quarter increased and remained stable compared to the first quarter, over 20% of enterprises assessed that the production volume decreased. In the last 6 months of the year, over 85% of enterprises assessed that the production volume increased and remained the same".
Shinsung Vina Co., Ltd. (Cam Khe Industrial Park) is a 100% Korean-invested enterprise that came into operation in 2019 with the main production lines being PP yarn and straps. The Company's revenue in the first 6 months of 2024 reached nearly 100 billion VND, an increase of about 10% over the same period.
Mr. Shin Chun Ki - General Director of the Company said: “Our company focuses on investing in research and development of new products, from standard belts to special belt products serving different industries. Our products serve the domestic market and are exported to the Korean market and Eastern European countries. The Company's PP fiber and belt products are raw materials, serving many other manufacturing industries, so in 2024, economic activities and industrial production will gradually warm up, so our business situation will grow more than last year".
In the last 6 months of the year, the world situation is forecasted to continue to fluctuate in a complex and unpredictable manner; the world and domestic economies tend to recover but still face many difficulties and challenges. To support businesses and industrial production development, the province's functional sectors continue to proactively grasp the production situation, remove difficulties and obstacles for industries, especially those with reduced production in the first months of the year, maximize the production capacity of the manufacturing and processing industries; continue to complete investment procedures for projects, closely follow progress, support new projects to complete and put into production soon. Timely implement preferential credit policies, reduce taxes, fees, and charges, and enhance access to credit for people and businesses.
Nguyen Hue
Source: https://baophutho.vn/san-xuat-cong-nghiep-tiep-da-khoi-sac-215661.htm
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