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Industry maintains the growth momentum

Thursday, 12/04/2018

Although the first quarter is the time of Lunar New Year holiday and early spring festival, with the urgency, the effective cooperation and support of party committees, authorities, together with the determination and efforts of enterprises, industrial production in the province continued to maintain a good growth momentum.

Visiting Powerlogics Vina Co., Ltd., Khai Quang industrial zone (Vinh Yen), manufacturing and assembling electronic components for mobile phones, we feel the urgency, enthusiasm of nearly 1,200 employees, staffs of the company.

Prime Vinh Phuc Jsc (Huong Canh town, Binh Xuyen district) effectively operates in construction material production

After nearly 5 years of investment in Vinh Phuc, this Korean enterprise has increased capital 10 times and expanded production scale. According to the representative of the company, in order to improve the competitiveness in the market, meet the increasing demand of the partners, the company always invests in modernizing technological equipment, building and maintaining a dynamic and professional working environment; intensify recruitment and training to raise the quality of labor in association with the activities of taking care of the material and spiritual life of the laborers.

As a result, the company has maintained the stable production and growth over the years. In 2017, the company achieved sales of over USD 360 million, making an increase of more than USD 100 million compared to 2016. In the first quater of 2018, the company continued to achieve positive growth compared to the same period in 2017.

According to the provincial statistics office, in the first quarter of 2018, enterprises operating in the electronics sector gained highest growth rate. In the first quarter, production value reached nearly 8,000 billion dong, rising over 11% compared to the same period of last year.

In the first quarter, the mining industry increased nearly 0.6%; processing and manufacturing industries up more than 11%; power distribution production up nearly 14%. The three key industries of the province including automobile manufacturing, motorcycle manufacturing and electronic components continued occupying high proportions in the industry.

In particular, the production of automobile in 3 months reached over 14,000 vehicles, rising more than 7%; motorcycle production was nearly 460,000 vehicles, up nearly 10%; the revenue of electronic components increased 23%. The total added value of these 3 sectors is nearly 12% contributing to the overall economic growth of the province to 4.26 percentage points.

Besides the common advantages, on the basis of the actual situation of localities, Vinh Phuc has issued many mechanisms and policies to implement positive measures to support enterprise's development, intensify the reform of administrative procedures; assist enterprises in recruiting workers and accessing preferential loan sources ... This is considered as one of the decisive factors for industrial production growth of the province.

Vinh Phuc News


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