The industrial sector in the northern province of Ninh Binh has maintained strong performance, with the January-September period's index estimated to hit over 54 trillion VND,rising 30.4 percent year-on-year.
The figure was driven by the automobile assembly and electronic production, according to the provincial Department of Industry and Trade..
Although having officially operated for nearly two years,Maxwin Vietnam JSC (under Dai Phat Group) has soon built its own brand in the market.
Phan Tien Dung,Maxwin Vietnam JSC General Director said that the company has put into operation two assembly lines and automatic quality control service.
In the first nine months of the year, the company assembled 500,000 lighting products; and sold out more than 3 million products. It estimates to earn a revenue that accounts for 65% of the yearly plan.
The company strives to expand the domestic retail market by manufacturing Maxwin lighting products and water purifiers in the coming time. And, it has set a goal of making a total revenue of 500 billion VND for this year.
The bright picture of the industrial sector can be seen more clearly through business activity results.
According to the Department of Industry and Trade, the province's total industrial production value in nine months of 2019 soared 54.6 trillion VND, up 30.4% over the same period last year, exceeding 95.7% of the yearly plan.
Key products with hikes in production included automobiles, module cameras, electronic components; fertilizers, floating glass, and footwear.
The results were attributed to the Department of Industry and Trade's efforts in improving the investment and business climate; supporting enterprises in boosting production activity, including perfecting favorable mechanisms, policies in associated with developing industrial clusters.
Local industrial parks have so far attracted 170 projects with registered capital totalling 11.1 trillion VND in various fields. The revenue of projects operating inside industrial clusters reached 2.8 trillion VND in the first nine months of this year.
The Department of Industry and Trade has also implemented a number of solutions to developing the support industry in the province; created favorable conditions for enterprises making investments in commercial infrastructure; assisted businesses in trade promotion work, and market expansion.
In the remaining months of the year, the Department pays heed to implementing measures, solutions, mechanisms, and policies of the Government and the province in association with enterprises.
It will encourage developing hi-tech, clean and support projects, effectively implement the project on assisting the support industry in service of the automobile, electronics, textile and footwear industries, and pay attention to connecting and supporting local enterprises in joining supply chains developed for businesses and FDI projects.
It has set to promptly remove difficulties faced by enterprises to accelerate the construction of projects in a bid to raise production capacity, thus contributing to speeding up economic growth in the locality in the rest months of the year.
Translated by Nguyen Thuy
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