Hung Yen’s industrial production index up over 10%

Hung Yen Province’s index of industrial production in the first nine months of 2024 rose by 10.59% over the same period last year, according to the provincial statistics office.
Photo: Manufacturing clothes for export at Tien Hung Garment Company, Hung Yen Province.
Photo: Manufacturing clothes for export at Tien Hung Garment Company, Hung Yen Province.

Specifically, the manufacturing sector grew by 10.10%, electricity generation and distribution increased by 11.96%, while water supply and waste treatment surged by 26.46%.

Strong output growth was seen in several industries, such as clothes, iron and steel, multifunctional engines, washing machines, air conditioners, motorbikes and bicycles.

Hung Yen is home to 584 foreign-invested projects with over 7.6 billion USD in pledges.

Major foreign investors are Japan (3.8 billion USD in 176 projects), China (1.2 billion USD in 155 projects), and the Republic of Korea (928 million USD in 155 projects).

Budget revenue in Hung Yen Province was estimated at over 30 trillion VND (1.2 billion USD) in the first three quarters, up 26.78% year on year and equivalent to 93.16% of the full-year target.

Domestic revenue was estimated at 27 trillion VND, while revenue from export and import activities was 3.28 trillion VND.

NDO