The industrial production value in the province for the first 9 months of 2023 reached about 695 trillion VND, equivalent to 68.1 percent of the annual plan, marking a 3.68 percent increase compared to the same period in 2022.
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| The operational center for steel production, Thai Nguyen Black Metallurgy Joint Stock Company. |
Breaking it down further, the local industrial sector achieved 31.5 trillion VND, an 8 percent increase compared to the same period last year, while the foreign-invested industrial sector reached 643.8 trillion VND, marking nearly a 4 percent growth.
In particular, the processing and manufacturing sector accounted for 691.2 trillion VND (99.5 percent of the total industrial production value in the province), showing a 3.67 percent increase compared to the previous year. The electricity production and distribution sector achieved nearly 2.3 trillion VND, indicating a 4.47 percent growth, while the water supply, waste treatment, and sewage sector reached 622.4 billion VND, reflecting a substantial 17.3 percent increase.
With these results, to meet the annual plan of a 9.5 percent growth in industrial production value for this year, by the fourth quarter of 2023, the industrial production value needs to reach 325.5 trillion VND, equivalent to a 24.4 percent increase compared to the same period last year. It presents a challenging task, demanding significant efforts from all levels, related sectors, and the business community in Thai Nguyen in the coming period.
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