HBO - Industrial production in Hoa Binh province sustained the growth trend in the first quarter of 2019 thanks to the improved investment-business climate and rising consumption demand.

 

The local industrial production value is estimated at 8.68 trillion VND (nearly 373.7 million USD) in Q1, up 17.46 percent year on year and equivalent to 23.21 percent of this year’s target.

The Vietnam-Korea Garment JSC provides employment with stable income for nearly 1,000 local workers.

The processing and manufacturing industry has maintained its role as the key driving force of industrial growth. Businesses in the garment and electronics sectors whose activities are based on orders have devised production plans to ensure efficient and uninterrupted operations.

In Q1, 1.678 billion kWh of electricity was produced, including 204 million kWh of commercial power – up 11.48 percent from the same period last year.

The output of products in the processing industry, including garment, electronic devices, bricks, medium-density fibreboardand cement, grew by 11 – 33 percent year on year. Major contributors to industrial growth included lens production (up 26.5 percent) and garment (20.96 percent).

 


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