Dong Nai’s industrial production in the first quarter of 2007 reached 23.6% of the annual plan

The province entered into implementing its production plan for the first quarter of 2007 when the country’s economy has been integrated, creating favourable conditions such as available markets for exporting goods, but also a tough and strong competition environment. In fact, in the first quarter, thanks to relatively stable export markets and higher turnover from exporting some kinds of commodities such as footwear, wood and garment, Dong Nai industry still maintain its pretty high growth rate, especially in foreign-invested area.

As of today, there are 445 enterprises in operation categorized under foreign-invested industry. Although in the first quarter of 2007 some companies (Dong Nai Botron, Dae Gill, Wonder, Ceramex and Fatt Vietnam) recorded a loss leading to bankruptcy and stopped operation, many newly established companies operated very efficiently. For example, 46 enterprises which were established at the beginning of April 2006 contributed 90 billion VND more to the total value of the foreign-invested industry. It is estimated that production value of this sector still increased 6.6% in March 2005 compared to the previous month and earned more than 10.3 thousand billion VND (up 26.9% from the same period last year and fulfilling 23.8% of the annual plan). 

(Translated by THKC)