With the assistance policies of the State, the open mechanism investment attraction and flexible administration of the province, in the first quarter this year, enterprises in the industrial manufacturing sector arestabilizing and boosting production and business to ramp up the industrial production index of the province compared with the same period last year...

With the assistance policies of the State, the open mechanism investment attraction and flexible administration of the province, in the first quarter this year, enterprises in the industrial manufacturing sector arestabilizing and boosting production and business to ramp up the industrial production index of the province compared with the same period last year...

Manufacturing at Thuan Dat Investment and Trading Production Joint Stock Company (An Thi)

According to the Department of Industry and Trade, despite affected by the world situation, strategic competition among major countries is becoming increasingly fierce; in the country, inflation pressure increases, the prices of gasoline, oil, raw materials and materials fluctuate strongly, greatly affecting many industries and fields, but with the drastic intervention of all levels and sectors with many flexible solutions, removing difficulties for production and business, the creativity, flexibility and initiative of enterprises, the industrial production of the province has quickly stabilized. The Provincial People's Committee has directed the Management Board of Industrial Parks of the province, the Department of Industry and Trade and relevant departments, agencies and units to focus on solving difficulties for production and business enterprises in industrial parks, clusters, and ensure no interruption, breaking production chain. Therefore, the large industrial production enterprises in the province still maintain a stable production pace, actively develop specific plans for production during the holidays and the whole period.

Comrade Pham Truong Tam, Head of the Management Board of Industrial Parks of the province said: Following the direction of the Provincial People's Committee, in the first quarter, the Management Board of Industrial Parks of the province has continued to perform synchronously and effectively business support activities. To regularly grasp the situation of project implementation and production and business activities of enterprises in industrial zones; receive and promptly solve difficulties and problems of enterprises during project implementation and production and business activities. On March 14, the Industrial Park No. 05 Project with an area of more than 192 hectares, belonging to the communes: Xuan Truc, Quang Lang (An Thi) and Nghia Dan commune (Kim Dong), with a total investment of 2,385 billion VND started construction. The project will focus on attracting investment in such fields as electronics, precision mechanics; light industry, other production and business industries in line with the provincial industrial development planning.

According to a report by the Provincial Statistics Office, in the first quarter of this year, the province's industrial production index increased by 7.01 % over the same period in 2022. The sectors with relatively high growth are processing and manufacturing industry, increased by 7.27% over the same period; production of rubber and plastic products increased by 10.11%; manufacture of prefabricated metal products increased by 13.31%... Notably, the apparel manufacturing index increased by 25.42% over the same period. In the context of the world economy of many negative changes, decreasing consumer demand, increasing costs of raw materials, fuel, and transportation, garment enterprises in the province quickly restructured their products, found new customers in traditional markets as well as strengthened trade promotion in new markets. Along with that, businesses are also cautious, forecast closely to the market and have optimal solutions to maintain production. Mr. Pham Tuan Anh, General Director of Tien Hung Joint Stock Company (Tien Lu) said: The company has actively sought out traditional partners and new partners, while encouraging employees to accompany the company to share difficult times, rearrange investment projects, which projects are necessary, to focus financial resources for product conversion, equipment investment, and labor training so that they can work with peace of mind and stick with the company.

According to expert agencies, in addition to favorable factors in terms of mechanisms and policies to attract open investment and the scientific and flexible management of governments at all levels, industrial production also has hidden many difficulties and challenges in the coming time, especially the international market with many unfavorable developments. Mr. Nguyen Van Tho, Director of the Department of Industry and Trade said: In order for the industry to develop stably, the Department of Industry and Trade will focus on reviewing, proposing adjustments and building new preferential policies to attract investment such as: Building technical infrastructure of industrial zones and clusters; developing supporting industries and processing industries in association with raw material areas; mobilizing investment resources to build commercial and rural electricity infrastructure; exporting production support. At the same time, continuing administrative reform, ensuring publicity and quickly settling procedures related to licensing for investors, etc. to create an open, equal and unified investment environment for common development.

Provincial authorities and specialized agencies should continue to strengthen dialogue with businesses to promptly remove difficulties and obstacles in the production and business process of enterprises, ensure the implementation progress of the projects, especially key construction projects; review the production situation of each industry, especially such industries as: Garment, metal production, mechanical engineering, enterprises in the fields of processing, manufacturing, supporting industries... in industrial zones and clusters in the area; continue to coordinate in implementing supporting mechanisms and policies of the central and provincial governments for production and business of enterprises. To improve the efficiency of industrial and trade promotion activities, contributing to encouraging and supporting investment and production development, especially new industries, handicrafts and trade villages, producing spearhead products with potentials and advantages of the province. In addition, the Government, central ministries and branches should pay attention to helping the province attract investment and introduce large domestic and foreign economic groups to study and invest in the area.

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