Long An 's industry on the path of recovery and development

The industrial production index in the province in the first 4 months of 2024 increased by 5.15% over the same period (Photo: Workers of Semitec Electronic Vietnam Co. Ltd. (Can Giuoc district) rushing the orders to promptly deliver to customers)

According to the Provincial People's Committee, investment promotion, attraction and support are always focused on by the province with increasingly innovative, professional and effective methods. The province successfully organized a dialogue conference with Korean businesses in 2024; cooperation exchange seminar between Long An province and Okayama city (Japan).

In addition, the province organized a working group to promote investment and connect cooperation in Korea from April 22 to 26, 2024. Through the business trip, the delegation met and worked with many large Korean organizations, corporations and businesses in the fields of high-tech industry, innovation and infrastructure; successfully organized of the Investment Promotion Conference - potential and opportunities to attract investment in the infrastructure sector in Seoul; increased investment attraction, promoted industrial production development, contributing to the province's growth.

According to the representative of Semitec Electronic Vietnam Company Limited (Can Giuoc district) - Quach Dang Trung, the production and business situation of the unit is gradually stabilizing, especially in the first months of 2024, production activities increase, the number of orders is more than usual. The company also makes plans to develop production, find new markets to be more proactive in operations, and reduce the impact from the general world situation. The company specializes in manufacturing electronic sensors and components that are assembled into household appliances such as air conditioners, washing machines, smart toilets; office equipment such as fax machines, photocopiers, etc with about 700 employees.

Currently, the production scale of Songwol Vina Joint Stock Company (Duc Hoa district) is 7 millions kg/year

General Director of Songwol Vina Joint Stock Company (Duc Hoa district) - Park Sun Whoan said: The company specializes in producing cotton and fiber towels for export and domestic purposes. The general situation also affects production and business. However, the company is proactive in operating plans, so at the end of 2023, revenue was higher than in 2022.

In 2024, the Company also aims to continue growth and be proactive from the beginning of the year in stabilizing previous markets and finding more customers. Production signals are also positive as orders still maintain and tend to increase recently, contributing to meeting the needs of production and business, creating jobs, and adequate benefits for workers and fulfill financial obligations to the State. Currently, the company's production scale is 7 millions kg/year, with total registered investment capital of 44.5 million USD.

According to the Department of Industry and Trade, the industrial sector is on the path to recovery and development as the index of industrial production (IIP) increases each month and quarter. Specifically, in the first quarter of 2024, IIP increased by 4.33% over the same period; April 2024 increased by 1.85% compared to March 2024, an increase of 5.57% over the same period; The first 4 months of 2024 increased by 5.15% over the same period. Of which, the processing and manufacturing industry increased by 4.90%; Electricity production and distribution increased by 7.73%; The water supply, waste and wastewater management and treatment industry increased by 11.08% over the same period last year.

In addition, a number of large enterprises in the province have received orders and increased production output in recent months, reviving the industry, most clearly shown in the continuously increased index of industrial production (IIP). The above specific numbers prove that businesses have adapted, overcome difficulties, found many orders, improved production and business efficiency; Industrial production activities in the area show signs of recovery and development, a positive signal for the province's economy.

In order for industrial production activities to continue to maintain their growth rate, in the coming time, the Department of Industry and Trade will focus on monitoring and urging to speed up the progress of infrastructure investment, striving to bring more industrial clusters into operation in the remaining months of 2024; promptly remove difficulties and obstacles for businesses in industrial clusters, improve occupancy rates; focus on accelerating the implementation progress of Long An I & II Thermal Power Plant project in Can Giuoc district and promptly report to the Provincial People's Committee.

At the same time, the Department will  closely monitor market developments, regularly provide market information, prices, regulations, import policy changes of countries, etc to businesses and establishments to take advantage of opportunities, improve competitiveness, promote exports, and develop markets./.

By Thanh My - Translated by Q. Thien

Source: https://baolongan.vn/cong-nghiep-tren-da-phuc-hoi-phat-trien-a176399.html