Establishments benefiting from provincial industrial promotion program work well

Recently, Department of Industry and Trade advised Provincial People's Committee to promulgate an industrial promotion program till 2020. Accordingly, the province annually gives supports to from 10 to 15 establishments, small and medium enterprises in applying advanced machinery and equipment, scientific and technical advancement, technology transfer into production, and construction of at least 2 technical demonstration models to promote new products and new technologies. While in 2009-2016 period, every year provincial budget only grants from VND300 million to less than 1 billion VND to implement this content, from 2017, provincial budget has provided 2-3 billion VND to support the application of machinery and equipment, which attracted a large amount of reciprocal capital (from VND 20-40 billion) of establishments and enterprises into production.

According to the assessment, up to now, the establishments benefiting from provincial industrial promotion program have maintained good production activities, revenue has increased over the years, their products met market demands. Some enterprises that have promoted the effectiveness of this program, are Phuoc Du Long, Lien Thanh, Bao Hung, Sang Ban Mai, Tu Bon Lacquer...

Reported by Trung Nguyen – Translated by Ngoc Huynh

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