Great contributions from local processing industries

Over the past five years, Binh Duong’s processing industries continued reaching a robust growth. Their production value in 2015 increased by 15.9% compared to 2014. Farm produce-food processing, mechanics, electronics and metal production also accounted for a great proportion of the province’s total industrial production value.

Proportion on rise

In the period of 2011-2015, farm produce-food processing, mechanics, electronics and metal production always accounted for a great proportion of the province’s total industrial production value. Particularly, food and beverage processing in 2010 occupied 17.6% of the province’s industrial production value. The figure amounted to 18.3% in 2013 and was estimated at 18.5% in 2015.

Production activities at Sansho Vietnam Co. in Vietnam-Singapore Industrial Park

Nguyen Van Loc, Director of Saigon-Mien Dong Beer Joint Stock Company said that the company continued taking fruits in production and business in 2015. As of Dec.10, 2015, the company finished its 2015 production and business 23 days earlier than planned with total revenue soaring over 14% compared to 2014.

The province’s mechanics industry continued developing very stably with annual growth at 15.7% between 2011 and 2015. The industry’s production value in 2015 achieved more than VND117.02trillion, a year-on-year increase of 18.5%. The figure was estimated to account for 19.1% of the province’s industrial production value in 2015.

During the period, electricity-electronics industry achieved a high growth at 18.4% a year. The industry’s production value in 2014 was nearly VND62.9trillion, up 15.5% against 2013. The figure is expected to obtain nearly VND73.09trillion in 2015, up 16.2% compared to 2014.

The proportion of the industry in the province’s total production value also saw a considerable growth from 11.3% in 2010 to 12.8% in 2013. And it was expected to amount to 13.2% in 2015.

Meanwhile, industries of chemicals, rubber and plastics maintained their annual growth at 14.6% during the period. Their total industrial production value in 2010 was approximately VND61.82trillion, up 14.9% compared to 2013 and the figure in 2015 is estimated at more than VND71.46trillion, up 15.6% compared to 2014.

They also occupied 13% of the province’s total industrial production value in 2010. The figure in 2013 was 13.4% and was expected to be 13.9% in 2015.

Ensuring sustainable development

2016 is the year with opportunities for economic growth, but also has challenges, according to economic experts. Hence, State agencies together with the business community needs to map out proper and long-term strategies for processing industries to further reach sustainable development.

For competition guaranteed, according to Mr.Loc, domestic businesses need to have good preparations as Vietnam joins the Trans-Pacific Economic Strategic Partnership Agreement (TPP). Saigon-Mien Dong Beer Joint Stock Company and other beer businesses, especially domestic ones need to improve their products’ quality and trademark…

To leaders of provincial Department of Industry and Trade (DoIT), Binh Duong will continue promoting traditional industries with advantage about materials towards the growth of industries of agro-forestry-fishery and food processing, mechanics and metal production. The province will also attach special importance to fostering auxiliary industries while increasing the rate of localization in association with industries of components…to make a strong change in quality in the local industrial development.

In addition, the province will take support measures for businesses to enhance the quality and value of commodities for export, especially traditional ones; build up advanced industrial manufacture with high competition in domestic and foreign markets. All aim to develop the province into a big industrial hub with the national and regional size by 2020.

Provincial DoIT assessed that the above results came from the efforts by the province in implementing the Government’s measures on removing difficulties against production, business, supporting market, thereby helping businesses get access to loans. Businesses also made efforts in improving their management capacity, innovating technologies, saving production costs…for better results in production and business.

Reported by Phuong Le-Translated by K.T