Illustrative image (Source: VNA) Binh Duong (VNA) – The southern province of Binh Duong recorded 7.16 percent year-on-year growth on the industrial production index in the first quarter of 2019, said Nguyen Van Danh, Director of the provincial Department of Industry and Trade. High growth was seen in a number of sectors including leather and leather products (7.51 percent), chemicals and pharmaceuticals (15.17 percent), and rubber and plastic products (9.36 percent). However, the wood processing sector suffered a slight drop of 0.08 percent due to a lack of materials and high material prices. According to the provincial Department of Industry and Trade, 96.07 percent of the businesses surveyed expect that their operations will be stable and better in the second quarter of 2019. Besides, 46.68 percent of firms predicted that orders in the second quarter will be higher than that in the first quarter, while 49.12 percent of enterprises held that the number of orders will be … [Read more...] about Binh Duong sees high growth in industrial production in Q1
High growth industries
Việt Nam has high growth in forestry exports during Jan
Việt Nam gained a high growth of 11 per cent year on year in the forestry export value in January. - Photo ndh.vnViet Nam News HÀ NỘI – Việt Nam gained high growth of 11 per cent year-on-year in the forestry export value in January to US$903 million, according to the Ministry of Agriculture and Rural Development’s Việt Nam Administration of Forestry. Of which, the export value reached $852 million for timber and wood products, up 10 per cent year on year, and $51 million for non-timber forest products, up 20 per cent. The major export market for local forest products included the US, Japan, EU, China and South Korea, accounting for about 87 per cent of the industry’s total export value. In 2019, the forestry sector has set targets of growth at 5.5-6 per cent in production value and export value at $10.5 billion. The ministry reported that Việt Nam gained a year-on-year increase of 15.9 per cent in export value to $9.3 billion … [Read more...] about Việt Nam has high growth in forestry exports during Jan
Construction materials industry to maintain high growth
Unbaked building materials on display on the sidelines of the “Developing new and eco-friendly building material market” seminar in HCM City on December 26. — VNS PhotoViet Nam News HCM CITY — The building materials industry has grown at 8-12 per cent in the past three years and is expected to maintain good growth next year, a seminar heard in HCM City on Wednesday. Phạm Văn Bắc, head of the Ministry of Construction’s construction materials department, said this year most construction materials manufacturers operated at full capacity. Demand for their products was very high, including overseas, with exports accounting for 30 per cent of total sales of certain materials. Phạm Thiết Hòa, director of the Investment and Trade Promotion Centre of HCM City (ITPC), said: “The construction materials industry has made remarkable progress both in terms of quality and quantity. Việt Nam, from being a country that had … [Read more...] about Construction materials industry to maintain high growth
Coating, printing ink industries to maintain high growth
Speaking at a conference last week to introduce the Coatings Expo Vietnam 2019, Nguyen Van Thanh, Director of the ministry’s Vietnam Chemical Agency (VCA), said the growth rate of the two industries was higher than the average growth rate of the industrial sector. Nguyen Thi Lac Huyen, Chairwoman of the Vietnam Paint and Printing Ink Association, said the production value of the paint and printing ink industries topped USD 2 billion and USD 91.84 million, respectively, last year. Huyen said stable macro-economic growth, an influx in foreign investment in various sectors in the country, and an increase in exports of many key products such as wood products have spurred growth of the coatings and printing ink industries in 2017 and 2018. Nguyen Van Thanh, director of the Vietnam Chemical Agency under the Ministry of Industry and Trade, says the coating and printing ink sectors have many opportunities for continued growth. Decorative, protective and powder coatings … [Read more...] about Coating, printing ink industries to maintain high growth
PM proposes measures to promote high growth in Hoa Binh
PM Nguyen Xuan Phuc works with leaders of Hoa Binh Province, December 11, 2018 - Photo: VGP/Quang Hieu The PM made that statement at his working session with leaders of Hoa Binh Province on December 11 in Hoa Binh Province. This is the second working session between the PM and the northern mountainous province over the recent two years. Speaking at the event, Mr. Phuc required the province to focus on developing tourism as well as promoting agricultural and forestry processing as the province is capable to provide more than 400,000 m3 of wood every years, making contributions to accelerating Viet Nam’s exports of wood and wooden products. The Government leader suggested developing high-tech and organic agriculture to supply for Ha Noi and heading to exports. The province should promote regional connectivity, production chain and value chain to expand its ability to get access to markets, he said, adding that Hoa Lac … [Read more...] about PM proposes measures to promote high growth in Hoa Binh