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Industrial production value up 13.7 percent

Updated: 20:08, 21/02/2023
(BGO) – The industrial production value (actual) in February is estimated at 35,330 billion VND (1.5 billion USD) in Bac Giang province (making up 25.2 percent year on year increase) and 68,150 billion VND in the first two months (up 13.7 percent comparing to the same period last year), reported the Department of Industry and Trade.

The state-owned enterprise gained 1,675 billion VND (down 4.5 percent), the non-state owned economy earned 8,855 billion VND (up 17 percent) while the foreign direct investment economic sector hit 57,645 billion VND (up 13.8 percent).

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The production line at Ha Phong Export Garment Joint Stock Company in Hiep Hoa district.

The major driving force for industrial growth mostly came from big enterprises in the industrial parks, especially in electronic component manufacturing, food processing, electronic equipment production, paper production and furniture production among others.

However, some others encountered a lot of difficulties with lower production index than last year which were caused by several factors. Particularly, leather production and relevant product was down 51.6 percent due to the company changed the product), garment sector reduced 39.3 percent due to shall fall of order, power production and supply decreased 12 percent due to lack of material….

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