Capital boosts industrial sector's growth

May 14, 2019 3:00 PM GMT+7

VGP – In 2019, Ha Noi targets to boost industrial production by 8.6-8.8%; develop industrial parks and zones; and create a solid foundation for industrial development.

The Ha Noi Department of Industry and Trade reported that industrial production index (IPI) soared 6.9% in Q1. 

In Q1, the processing and manufacturing industry picked up 6.9%. Electricity, fuel, and water production and distribution increased by 7.8%. Water supply and sewage treatment saw a year-on-year growth of 7.9%. However, the mining industry suffered a drop of 5.4%.  

Director of the Ha Noi Department of Industry and Trade Le Hong Thang reported that in 2019 the city targets to raise industrial production index by 8.6-8.8%. 

To fulfill the preset goal, the Department of Industry and Trade has set drastic solutions, said Mr. Thang. 

The city will attract investment in Hoa Lac high-tech clusters; speed up construction progress of industrial parks, especially 30-35 industrial clusters will be established with a total investment of VND 12 trillion. Especially 5-10 industrial clusters will be put into operation. 

Regarding 70 operational industrial clusters, the Department will work with other departments, sectors, district-level People’s Committees to accelerate site clearance; finalize technical infrastructure; and call upon enterprises to fill remaining areas. 

In 2019, industrial parks targets to absorb US$ 400 million and earned US$ 7.6 billion of revenue, up 6.4% against the same period last year. 

In addition, the city will restructure industrial sector; develop industrial production in depth; reform production process; develop advantageous industries; create national trademark; and deeply integrate into the global chain./.  

By Kim Loan 

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