Enhancing Competitiveness of Key Industrial Products

With appropriate steps in the spirit of “Readily welcoming and accompanying investors” plus supporting and encouraging investment policies, industrial production of Tay Ninh province maintains stable growth momentums. In 2011, although the economy was quite volatile, the industry and trade sector of Tay Ninh province, with its dynamism, achieved good growth rate, generated jobs, raised incomes for labourers and stabilised the local market.

 

In 2011, the provincial industrial production valued VND9,921 billion, up 22 percent against 2010 and equal to the province’s initial plan. The value of domestic sectors rose to 60.87 percent in 2011 from 54.92 percent in 2010. Export revenues hit US$1,178 million, up 30.9 percent over 2010. Most key exports increased in value, with cassava enjoying 2.6 time growth over 2010. Import turnover totalled US$682.7 million, up 28.8 percent year on year.

 

Like industry, trade and service sectors also made remarkable achievements. During the year, the Provincial Department of Industry and Trade coordinated with relevant units to support businesses to attend two countryside sales campaigns and two price stabilisation movements in the province.

 

Do Thanh Hoa, Director of Department of Industry and Trade of Tay Ninh, said that the industrial production value of Tay Ninh was not as high as some other provinces in the region but it was a good result for a war-torn locality. These results took great pride of the government and people of Tay Ninh. From its achievements, the province is striving to bring industrial production growth to 21 percent, trade - service growth to 14 percent and export growth to 20 percent in 2012. To obtain these objectives, the province advocates developing industry basing on improved quality, productivity and competitiveness. It will focus on attracting and developing priority and key industries (rubber, plastic, agriculture, forestry, fishery, chemical, engineering, electrical equipment, telecom, information technology, and new technology product). It will attract investment projects with high added value production into industrial zones and restrict labour-intensive projects and projects outside industrial zones.

 

In trade, import and export, the province actively increases manufactured exports and reduces raw material exports. The province will focus on developing domestic trade and border trade. It will continue investing and restructuring investment in the Moc Bai Economic Zone in the direction of developing industry, trade and urban residence.

 

According to Mr Hoa, Tay Ninh is now channelling resources into developing key industrial products like rubber, plastic, products processed from agricultural, forest and aquatic materials (wheat and sugarcane). But, the province’s products are facing stiff competition from domestic and foreign rivals as local producers have limited operating scales, technology and product categories; the proportion of manual works remains high; production depends on imported inputs; and output relies on export markets. These are really challenges for Tay Ninh province’s industrial products.