Economics

Quang Nam: Recovery of industrial production and trade

Translated by HO THU Jan 03, 2025 22:11

(QNO) - In 2024, Quang Nam marked significant economic recovery. The provincial index of industrial production (IIP) grew by 17.6% compared to 2023 and its total retail sales and consumer service revenue reached nearly VND 72.6 trillion.

quang-nam-nganh-cong-thuong-lay-lai-da-tang-truong_676eb8e1e578b.jpg
Bac Chu Lai Industrial Park (Quang Nam)

Highlights from the Quang Nam Industry and Trade Conference 2024

The provincial IIP went up by 17.6%, with manufacturing up 20%, mining up 14.3%, and water supply up 7.8%. Retail and consumer service revenue reached 72.6 VND trillion, a 7.4% increase, led by travel services (up 55.4%) and accommodation/food services (up 11.8%).

Industrial production in Quang Nam
Industrial production in Quang Nam

Trade turnover was estimated at USD 5.012 billion, up 23.4%, with exports totalling USD 2.119 billion (mainly from garments, textiles, electronics, and wood products) and imports at USD 2.893 billion (from industrial and textile materials, automotive parts, and chemicals).

Electricity production was 6,450 million kWh, with consumption up 10.16%.

To have such achievements, provincial authorities implemented measures to support production, business recovery, and sustainable growth, solidifying Quang Nam’s industrial, trade, and tourism development.

Maximising Quang Nam's potential for development

It is said that the industry and trade sector stabilised production, fostering economic recovery in 2024. In 2025, Quang Nam aims to attract large-scale projects in supporting industries, machinery, energy, and agricultural processing.

commercial promotion
Quang Nam's commercial promotion

The provincial focus will include resolving business challenges, advancing trade promotion, and streamlining administrative procedures to improve efficiency and satisfaction, leveraging the province’s strengths to drive industrial and trade growth.

In particular, Quang Nam will ensure adequate supply and safety of goods during the 2025 Lunar New Year.

Source: tapchicongthuong

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