Ninh Binh takes measures to boost industrial production

Slight growth of industrial production

According to statistics of the Department of Industry and Trade, industrial production of local enterprises in the first quarter of 2024 recovered and recorded slight growth compared to the same period last year.

In the reviewed period, the province's industrial production value hit over 22.17 trillion VND (945 million USD), a year-on-year increase of 3.8%. 

Notably, some key industrial products enjoyed high growth, such as garments up 11.6%; floating glass up 6.5%; steel up 18.9%; electronic components up 16.3% and camera's lenses up 45.2%.

While some products saw declines such as camera modules down 12%; passenger cars down 26.4%; trucks down 39.2%; cement and clinker down 15.5%; and car swipes down 9.6%, 

Le Van Hoan, Head of the Division of Industry under the Department of Industry and Trade, said the political conflict between Russia and Ukraine,  and the global economy situation have badly affected to the economic situation of Vietnam in general and Ninh Binh in particular. Therefore, the province's industrial production has continued to suffer difficulties.

Moreover, FDI firms in the province mainly process products and the numbers of orders depend on their parent companies abroad so that they could not take the initiative in seeking new orders. The fact that workers in a several businesses have regularly changed their jobs, resulting in changes in the workforce and low growth in  industrial production.

Synchronically taking measures

Duong Duc Dang, Director of Department of Industry and Trade, said the province set a target of achieving  111.81 trillion VND in industrial production value this year, up 8.7% compared to the figure in 2023.

In order to fulfill the target, the department will suggest the provincial People's Committee issue a project on developing hi-tech, friendly environmental industries based on capacity of connecting domestic and foreign firms, and synchronizing industry, service and urban development.

It will continue to work with local departments, sectors, and localities to implement measures to handle difficulties, hindrances in compensation and land site clearance for projects on building infrastructure atKhanh Hai 1, Khanh Hai 2 and Trung Son industrial clusters.

The department will focus on expediting measures to boost economic growth; promptly removing difficulties and hindrances for firms; and maintain and develop production and business.

It will enhance investment promotion, focusing on key industries such as automobile production and assembly, electronics, supporting industry for automobile industry and agricultural product processing.

Translated by Nguyen Thuy