Khanh Hoa Province supports rural industries

In recent times, industry promoting activities in Khanh Hoa province have supported the rural industries, creating motivation for many enterprises and production establishments in rural areas to develop production.

Effectiveness of industrial promotion

Recently, Viet Phap Company Limited (Dien Khanh district) has achieved European standards for two product lines "Public education equipment" and "Outdoor exercise equipment for children" by the international organization TÜV Rheinland (headquartered in Germany). This is also the first Vietnamese enterprise producing sports training and competition equipment and tools to achieve this certification. To achieve such strict standards, in addition to the efforts of more than 22 years of operation, there has been also support from the provincial promotion company, helping the company have more financial resources to invest in production cables, innovate equipment to create quality products. Mr. Nguyen Ngoc Tien - General Director of Viet Phap Company Limited said that in 2023, with a support of nearly 130 million VND from the industrial promotion program, the company poured an additional nearly 400 million VND into machinery to produce 1,500 children's sports products/year, serving the growing market, increasing the value of local export turnover and creating jobs for 300 workers. At the same time, the company  had many products qualified for the provincial, regional and national standards.

Production at Viet Phap Company Limited

In addition, thanks to economic support from the distribution company, many IT enterprises have changed to new equipment products. In 2023, with a support of 165 million VND from the industrial promotion fund, Thanh Dung Trading Service Private Enterprise (Cam Lam district) protested an additional 685 million VND to implement the Project "Application of advanced machinery and equipment to produce industrial wood furniture products". With confidence in investing in machinery, the enterprise's products have met the standards to serve the domestic market, meeting export demand, and the product has increased 1.5 times compared to before. 

From 2015 to 2024, the province has 56 facilities supporting the application of advanced machinery and equipment in industries and occupations such as processing of agricultural, forestry and fishery products and food processing; production of industrial goods for consumption and export, goods replacing imported goods; production of construction materials and production of small-scale handicrafts with a total budget of 6.3 billion VND from local industrial promotion funds, attracting counterpart funds of nearly 27 billion VND.

According to the representative of Khanh Hoa Province Department of Industry and Trade, industrial promotion activities in the province in recent times have encouraged industrial establishments to invest in production, innovate technology, apply advanced machinery and equipment to improve productivity, effectively use resources, raw materials, fuels, and materials; improve environmental quality; actively contribute to the work of shifting the economic configuration towards industrial and handicraft development, creating jobs and increasing income for rural people, increasing the value of local industrial production. Industrial establishments in the area have the opportunity to exchange and learn experiences, access markets, with many new products, and expand production scale. Supported projects all have stable production, with higher revenue in the following year than the previous year, creating more stable jobs for a large labor force in rural areas, contributing to industrialization, and currently modernizing industrial establishments.

Keeping support 

In 2024, the provincial Department of Industry and Trade has developed a local promotion plan with a total budget of nearly 2 billion VND and more than 1.1 billion VND from the national industrial promotion fund to exploit meaningful promotional activities, contributing to increasing the socio-economic efficiency of enterprises and localities. The provincial Center for Industrial Promotion and Trade Promotion will spend more than 1 billion VND to support 6 projects to build basic machinery and IT enterprises. In particular, it will focus on industrial promotion activities such as: Applying advanced machinery and equipment to production, developing typical IT products, improving management capacity for IT establishments... Thereby, helping the IT investment database, expanding production and business, improving competitiveness in the market.

Vo Dinh Thoai - Deputy Director of the Provincial Center for Industrial Promotion and Trade Promotion said that in order to organize the implementation of the local incentive plan in 2024 and develop the national industrial promotion plan on schedule and effectively, the center will work with the Department of Industry and Trade to promote information and propaganda on industrial promotion policies in many forms to promote the widespread dissemination of master accounts and policies of the Party and State in supporting the development of industrial parks. The center also closely coordinates with the promotion company, creating conditions for industrial parks to participate in fairs and trade promotion programs to promote commercial products, find consumer markets, and create development for businesses. At the same time, regularly monitor and guide industrial parks to develop and implement projects approved by competent authorities according to the registration process; monitor and urge units to demonstrate the completion of investment in accordance with project content to resolve the budget according to regulations; coordinate closely with the People's Committees of districts, towns and cities to control and grasp the needs of IT establishments to participate in registering for public projects to supplement and replace projects that do not meet the progress and content according to the promotion plan.

D. Lam

Translated by T.T