Hoa Binh eyes industrial production value of 43 trillion VND in 2020

1/17/2020 - 9:44:09 AM

(HBO) – The Department of Industry and Trade of the north-western province of Hoa Binh recently held a conference to review work in 2019 and launch this year’s tasks.

Vice Chairman of the provincial People’s Committee Bui Duc Hinh attended and directed the event.

The provincial Department of Industry and Trade honours collectives and individuals.

In 2019, the department fulfilled and surpassed all the targets assigned by the provincial People’s Council and People’s Committee. The province’s industrial production value was estimated at 37.39 trillion VND (1.61 billion USD) in the year, exceeding the yearly plan by 0.01 percent.

Export turnover hit 791.9 million USD, a year-on-year surge of 24.48 percent and meeting the year’s plan. Consumer price index in December rose 0.88 percent compared to the previous month and 1.85 percent against 2018, while the rate of households connected to the national grid stood at 99.75 percent.

This year, the sector targets an industrial production value of more than 43 trillion VND, up 15 percent compared to that in 2019. Growth rate of industrial value added is projected at 11.8 percent.

Retail sales and services revenue are forecast to rake in 37.68 trillion VND, while export turnover is expected to fetch 1.03 million USD, a year-on-year increase of 30.3 percent. The province will work to raise the rate of families connected to the national grid to 99.8 percent.

Addressing the conference, Vice Chairman Hinh spoke highly of the 2019 results of the province’s industry and trade sector, stressing that in the important year of the 16th provincial Party Congress’ resolution implementation, the sector needs to show great determination in carrying out key tasks and solutions in boosting industry and handicraft development.

The sector will launch projects and plans on the restructuring of the industries, creating brand products with high competitiveness at home and in regional and international markets.

Regarding trade and import-export, it was advised to work with relevant agencies in removing bottlenecks for businesses./.

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