May 09, 2018 | 21:32 (GMT+7)
Bac Giang prioritizes development of key industries
The northern province of Bac Giang will channel focus to promote the development of key industries like agro-forestry processing, electronics, garments, fertilizer, chemical and building materials with a view to becoming an industrial province in the future.
According to Vice Director of the provincial People’s Committee Phan Van Hung, due attention will be paid to high-tech industry and support industry at industrial parks so that local products can join global value chains.
Garment projects in rural areas will be prioritized to create jobs for local laborers while support industries for the garment sector will be developed to set up a production value chain.
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Inside a garment factory at Dinh Tram industrial park in Bac Giang province |
Along with investing in industrial parks and working to attract domestic and foreign investments, the province is diversifying chemical products, developing the solar energy sector and carrying out the An Khanh thermoelectrically plant as part of efforts to enhance its industrial production value.
Local industrial production has enjoyed robust growth of more than 25 percent in recent years, Hung said, adding that the province has attracted many projects like Yoshimura Kogyo spare part plant and Daeyang electronic spare part plant.
In the first four months of the year, the index of industrial production picked up 23.3 percent from the same time last year thanks to stable production of local firms.
During the period, local production value was estimated at over VND 42.8 trillion (USD 1.88 billion), a year-on-year surge of 27.8 percent. More than VND 33.9 trillion (USD 1.49 billion) of the total amount was contributed by the foreign-invested sector.
Source: VNA