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18/12/2019 - 16:10

Long An: Industry plays key role, leading to economic growth

By the end of 2019, the socio - economic development plan of Long An province has achieved positive results, especially in the field of economic. Accordingly, the economic growth rate (GDP) in the province reached 9.41 percent, including: Sector I (agriculture, forestry and fishery) increased by 2.64 percent, sector II (industry - construction) increased by 14.45 percent, sector III (trade - service) increased by 6.12 percent.

The manufacturing and processing industry has continued to play a key role, accounting for 45.51 percent of the provincial GRDP structure 

In the 2019 economic structure, the agriculture, forestry and fishery sector accounted for 15.91 percent of GDP; industry - construction sector accounted for 50.07 percent; trade and service sector accounted for 34.02 percent (the same period in 2018, sector I, II and III were 17.28 percent, 47.53 percent and 35.19 percent respectively).

Although sector II has not reached the set plan, it still maintains a fairly good growth rate, higher than the national average as well as many other provinces and cities in the region. Accordingly, the manufacturing and processing industry has continued to play a key role, leading the overall growth of the whole region and the economy, accounting for 45.51 percent of the provincial GRDP structure and increasing 14.83 percent compared to 2018.

Wood products have a positive growth in 2019

In 2019, the industrial production index increased by 15.04 percent compared to 2018. There are 75 groups of industrial products, of which 55 out of 75 groups have an increase compared to 2018. The groups of industrial products that increased consits of construction bricks, wall paints, wood products, finished fabrics, plastic products, pharmaceuticals, finished iron and steel products, thread of all kinds, commercial electricity, mineral water, minerals and chemical fertilizers, milled rice, cashews, etc.

According to the Chairman of the Provincial People's Committee - Tran Van Can, the positive effects of industry, especially in the field of processing and manufacturing are due to the province strictly implementing the Government's Resolution on the main tasks and solutions in order to improve the business environment and enhance competitiveness. At the same time, the province has promoted support and development of businesses; focused on supporting the development of small and medium-sized businesses and start-ups.

In particular, the province has mobilized many resources; promoted reform of administrative procedures and improved the effectiveness and efficiency of state management, etc. Therefore, the number of domestic and foreign enterprises investing in the province has increased, contributing to promoting and maintaining the growth rate of sector II at a relatively high level./.

By Mai Huong - Translated by Pham Ngan