Binh Phuoc: Seven-month industrial production up 15.63 percent
The index of industrial production (IIP) of southern Binh Phuoc province increased by 15.63 percent year-on-year in the first seven months of this year over the same period in 2020, according to the provincial Department of Statistics.
Binh Phuoc (VNA) – The index of industrial production (IIP) of southern Binh Phuoc province increased by 15.63 percent year-on-year in the first seven months of this year over the same period in 2020, according to the provincial Department of Statistics.
In July alone, the index rose 12 percent compared with last year’s figure.
Key industries posted growth such as processing and manufacturing (16.8 percent), production and distribution of electricity, gas and air conditioners (3.4 percent), water supply, and waste treatment (4 percent).
Significant growth was seen in certain industries including food production and processing, apparel production, paper production, and motor vehicle production with 30.1 percent, 8.1 percent, 24.7 percent, and 51.6 percent, respectively.
Those with low expansion or decline were beverage production with a year-on-year increase of 1.8 percent and chemicals production with 0.7 percent while production of leather and related products decreased by 6 percent and production of other non-metallic mineral products shrunk by 14.5 percent.
According to the department, a number of major industrial products in the first seven months of this year rose sharply compared to the same period last year such as dried cashew nuts (28.5 percent), treated and preserved timber (74.8 percent), packages and bags made of wrinkled paper and paperboard (24.7 percent), audio equipment (51.6 percent) and wooden cabinets (69 percent).
To realise the dual goals of preventing the COVID-19 pandemic and promoting socio-economic development, Binh Phuoc province will mobilise all resources for infrastructure development, giving priority to inter-regional transport infrastructure.
Due attention will be paid to implementing measures to remove difficulties for local businesses. In addition, the provincial authorities will continue to renovate business environment, strengthen investment promotion and support enterprises to expand the consumption market
Situated in the southern key economic region, Binh Phuoc is the largest of the 19 provinces in Vietnam’s southern region.
It is famous for two crops of high economic value - rubber and cashew nuts - and has 243,000ha of land under the former and 138,000ha under the latter.
🎶 It posted economic growth of 7.51 percent last year thanks to outstanding efforts in containing COVID-19 and promoting economic development./.
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Illustrative image. (Photo: VNA) 
