Industrial and Commercial Production in 2010: All Targets Are Met, Exceeding Plans

Industrial production in 2010 increases by 17.7 percent over the same period

In 2010, economic situation in the country and in the world saw a recovery and business activities of many businesses showed a positive change, reaching a quite high growth rate over the same period.

Nation economic situation has seen many advantages. For example, the government continues demand stimulus packages for medium and long term loans.

+ The “Vietnamese People Buy Vietnamese Goods” campaign has received a positive response from consumers.

+ The implementation of Resolution no. 26 -NQ/TW on “Agriculture, Farmers and Rural areas” of the Party Central Executive Committee and of the government’s other measures to ensure macroeconomic stability, to avoid high inflation and to achieve an economic growth rate of approximately 6.5 percent in 2010 have received the cooperation of levels of government authorities.

+ Thus, Dong Nai economy develops towards a positive growth. Targets in 2010 are estimated to reach and to exceed plans.

Particularly, the estimated value of industrial production in 2010 increases 17.7 percent over the same period, exceeding targets set in the resolution (resolution target is to rise 15 percent), higher than that of 2009 (up 10.7 percent).

+ Export turnover in 2010 increases by 20.5 percent compared with 2009 (the target in the resolution is to rise by 10 percent).

+ Total retail sales in 2010 increase by 26.6 percent over 2009, exceeding proposed plans (up 26 percent).

Besides 2010 achievements, Dong Nai’s industrial and commercial production has still faced some difficulties:

+ The price increase of many materials results in rising fuel costs and then rising production costs.

+ That the exchange rate of the U.S dollar and gold prices fluctuated constantly and power shortage during the dry season occurred was not handled in time directly affect business activities and people's lives.

+ Industrial production has recovered but has not got a growth momentum back compared with previous years.

+  Shortage of laborers in garment, leather footwear and rattan product making industries and the difficulty to hire laborers due to the increasing orders and the demand to expand production.

+ At present, bank loan interest rates remain high, procedures are lengthy and businesses sign short-term contracts (six months usually). This results in not satisfying loan conditions and terms for production.

+ Foreign investment attraction into industrial clusters in mountainous districts has still faced some difficulties in support structure, relocation and site clearance.

Year 2011 is the first year to implement the resolution of the 9th Dong Nai Party Congress and the first year to implement 2011-2015 plans.

Dong Nai Trade and Industry strives to maintain and to improve the industrial growth quality, to boost export and to create a growth momentum in the subsequent years of 2011-2015 period:

+ Striving to reach an increase of 18 percent in industrial production value.

+ Late 2011, the percentage of households with electricity hits 99 percent.

+ Export turnover hits US$17.92 million.

+ Total retail sales of goods and service increase by 20 percent over the same period.

Reported by Thuy Lien, Translated by Duy Minh