Local industrial manufacture reaches stable development

In Q1 2016, Binh Duong province’s industrial manufacture obtained a high growth. The result is seen as a motivation for the province’s economy to continue strongly developing in the coming time.

Lots of orders

In Q1 2016, the province’s industrial production index increased by 7.09% compared to last year’s same period. The figure in March grew by 41.09% and 10.84% against the previous month and last year’s same period, respectively. This came from the efforts by province-based enterprises in stabilizing their production and business after a prolonged Tet holiday.

According to the Vietnam-Singapore Industrial Parks (VSIPs) Management Board, enterprises in the VSIPs operated very stably in Q1 2016, especially ones in industries of processing and manufacturing got many orders in comparison with previous years’ same period.

This is a production line of Dong Hung Industrial Joint Stock Company in Di An town

As of now, most enterprises in the province have got orders till April, even some have had orders till Q2 and Q3 2016. Phan Le Diem Trang, Vice-Chairwoman of Binh Duong Apparel Association, Director of International Apparel Company in Ben Cat town’s An Dien commune said her company operated very stably in Q1 2016 and got orders till June. On the monthly average, the company exported more than 300,000 products to the U.S. Also according to her, the Trans-Pacific Strategic Economic Partnership Agreement (TPP) promises many orders to her company, especially from new partners.

Whilst, Truong Thuy Lien, Vice-Chairwoman of Binh Duong Leather and Footwear Association, Director of Lien Phat Footwear Company in Di An town said that her company in Q1 2016 reached orders till September. The company’s main market is still Europe. The number of the company’s orders in Q1 rose by around 10% against last year’s corresponding period with 450,000 products manufactured and consumed every month. According to her, with advantages from the TPP and the ASEAN Economic Community (AEC)..., leather and footwear industry of Vietnam in general and Binh Duong in particular will continue achieving a robust growth. In the next months of 2016, the operation of enterprises in this field will get more thriving than 2015. 

Further facilitating enterprises’ development

Along with advantages, province-based enterprises will face a lot of difficulties in the coming time. Their profit this year is likely to be decreased compared to the previous year, due to many reasons, according to Mrs.Trang. Meanwhile, Mrs.Lien said that the lack of laborers is the biggest problem of enterprises in the leather and footwear field. Some enterprises in the VSIPs now also face a scarcity of laborers.

To redress this problem, the province’s sector of lalor, war invalids and social affairs over the past years linked with other localities in the Mekong Delta and central region to supply province-based enterprises with human resources. The province has recently attached special importance to developing human resources. The province is now home to 8 universities, 6 colleges and 17 junior colleges. Every year, they train around 30,000 laborers, including 12,000 with education at junior college and college levels.

It is hoped that along with support policies in favor of enterprises, the province’s policy on human resource development will further contribute to removing enterprises’ difficulties regarding workforce, creating favorable conditions for them to be proactive in production expansion, actively contributing to the local sustainable development.

Reported by Phuong Le-Translated by K.T