Local EconomyLast updated: Tuesday, April 24, 2018
Industrial Development: Driving Force for Economic GrowthPosted: Monday, December 11, 2017![]()
Implementing the Resolution of the Tenth Provincial Party Congress (term 2015-2020), the industry and trade sector of Long An province has made great efforts and obtained significant achievements; as a result, industrial production has become the driving force for local economic development. On the right track According to Mr Le Minh Duc, Director of the Department of Industry and Trade, at present, most enterprises in Long An province have stable consumption market. However, in order to develop the production, the province is very active in supporting enterprises to expand the market and distribute products through investment promotion and trade promotion programmes, linking domestic and foreign businesses, promoting trade with localities of countries that Long An has cooperated with such as Chungcheonam-do (Korea), Hyogo (Japan), State of Virginia (USA), China and Russia. In addition, Long An province is also interested in encouraging enterprises to invest in technology innovation, raising the value of industrial production and increasing export capacity. In order to promote industrial development in depth, the province attaches importance to supporting enterprises to accelerate the application of new technologies and modern technologies, especially for key industries and priority industries, creating technology breakthroughs in production. In addition to the support from the Provincial Party Committee, the Provincial People's Committee, the Industry and Trade Department of Long An province has also set up and implemented a scheme to encourage enterprises to innovate technology, improve their production capacity and competitiveness and protect the environment. Annually, the Sector also advises the Provincial People's Committee to increase the funds to support trade development; make the most of the support from the industry promotion and national trade promotion in order to encourage enterprises to invest, renovate technology and develop production and business. Attracting investment in industrial development With the orientation of developing green environment friendly industries, in the coming time, Long An will focus on developing industrial groups with high added value, high export value, and linked with development industrial services. The province will also focus on the development of industries, especially groups of mechanical, electric and electronic products, agricultural and rural industries, energy-saving and clean energy industries, new industrial materials and environmental industry. The province will also restrict industries prone to causing environmental pollution. "With the strategic orientation, Long An would like to welcome and stand ready to create favourable conditions for domestic and foreign investors to invest in production and business with projects in accordance with targets, orientation of the province," Mr Duc emphasised. Hoang Lam Other news
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