Hoa Binh’s industrial, handicraft production up 13.5 percent in two months

3/16/2020 - 9:49:24 AM

(HBO) – Hoa Binh city’s industrial and handicraft production was estimated at 580 billion VND in February, an increase of 15.25 percent from the same period last year.

The figure includes 220.5 billion VND generated by local manufacturers, up 12.9 percent year on year, and 254.5 billion VND by foreign investors, up 17 percent. Household businesses contributed 105 billion VND to the total production, up 20.6 percent.

In the first two months of 2020, the city’s industrial and handicraft production was worth 1.738 billion VND, up 13.5 percent from a year earlier.

After Ky Son district was merged into Hoa Binh city, the city plans to focus on supporting business expansion to create jobs for local people. It will prioritise developing industries it holds advantages in terms of materials and market.

This year, the city sets to have the service sector accounting for 48.5 percent of the local economy, followed by industry and construction (44.2 percent), and agriculture, forestry and fisheries (7.3 percent)./.

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