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Dong Nai maintains high economic growth over past 9 months

During the past 9 months, Dong Nai’s industrial production value hit 31,130 billion VND or reaching 76% of year plan, up 20% compared with the same period of 2004.

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 Of the total industrial production value, the foreign-invested sector accounted for 65% or over 20,000 billion VND, an increase of 21.2% against 2004. Due to stable consuming market (both of domestic and foreign markets), industrial output value from the following major industries surpassed last year’s level such as agriculture products and food processing achieved 7,977 billion VND, up 28.3%; textile and footwear enterprises hit 6,606.5 billion VND, up 18.4%; electronic equipment and machinery increase approximately 17.5% with 3,725.5 billion VND, mechanical engineering and metallurgy raise 17.5% with 3,173.4 billion VND; and  wood and bamboo processing raise 30.6% with 1,723 billion VND. Although facing many difficulties, agriculture-forestry-fishery sector hit total production output of 4,893 billion VND, 6% higher than that of 2004. Dong Nai’s export turnover over past 9 months was estimated at exceeding US$ 2.33 billion, reaching over 70% of year plan. The figure presented an increase of 27.5% over the same period. Export turnover of the major enterprises posted highest rising such as foreign-invested enterprises amounting to around US$2.13 billion, jumped 28.6%, Central enterprises  totaling US$ 59.6 million, up 19.5%; local enterprises with the value of US$ 144.6 million, rose 16.8%. This increase was mainly due to a rise in major export products including coffee of 32.8%, honey of 48.8%, footwear 39%, bamboo sticks 7.6%. The export of some products, however, has dropped sharply because it was very hard to find export markets for such products as black pepper, pottery items and handmade crafts, fine wood furnishings etc.. In addition, the decline in value was due mainly to lower export prices. Accordingly, the export turnover of some products was lower than 2004 such as pepper (-45%), pottery items and handmade crafts (-2.3%), fine wood furnishings (-7.4%)… Though the value of Dong Nai’s export increased remarkably and reached a record high level, it still grew slower than import. The biggest contribution to import growth was the increase in the value of imported machinery, equipment and other products by foreign-invested enterprises. Statistics showed that the import turnover in the last 9 months stood at approximately US$ 3.13 billion.

During the period, the total basic construction investment capital in Dong Nai reached approximately VND 9,253.7 billion, up 13.9% over the same period. In which, the realized central-managed investment capital was VND 675.8 billion, local-managed amounts was around VND 3,963.5 billion and the number approximately VND 4,614.3 billion was managed by foreign-based companies. Both in public and private sector, investments increased dramatically, the provinces investment capital for development reached 14,811.6 billion. Of which, credit capital was VND 1,322 billion, the state capital amounting to VND 175 billion, the rest of the private units. The value of Dong Nai’s total retail sales rose 24% to hit 11,779.2 billion VND in the last 9 months of this year compared with the same period of 2004. This was followed by volume of retail trade up by 24.5% to stand at 9,857.6 billion VND; hotel and restaurant business with a sales increased by nearly 780 billion VND or approximately 31.8%; catering service sector with total retail sales of 1,136.1 billion VND, up 16.4%; travel agencies sales increased by 21% to 5.5 billion VND.     

Generally, Dong Nai province exhibited a particularly high growth rate over the past 9 months of this year. Besides, local economy is growing fast and all economic indicators are positive. This will allow the province to meet or even exceed target 2005 set by local government.

(Source Dong Nai Newspaper)

 

Author: admin

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