Bac Ninh: Industrial production value increases.

BAC NINH - According to Bac Ninh Statistics, despite facing many difficulties, the province's industrial production still increased by more than 15% compared to the same period last year, contributing to the province's overall growth.

Specifically, the value of industrial production (at current prices) in May is estimated at over 284.5 trillion VND, with a cumulative total of over 1.1 million trillion VND for the first five months, an increase of over 15% compared to the same period last year. Of this, the foreign-invested sector accounted for over 1 million trillion VND, with the remainder coming from the non-state and state-owned sectors.

Since the beginning of the year, many businesses in the Dinh Tram Industrial Park have expanded their production scale, making a significant contribution to the province's industrial production value.

Industrial production value in the first five months increased due to strong growth in several product categories, such as: headphones with microphones, non-toxic and recyclable waste collection services, and other imported and exported peripheral equipment…

In the context of volatile fuel prices, to minimize losses, authorities advise businesses to focus on supply chain and logistics risk management by proactively contacting shipping companies to update on port conditions and alternative plans; strengthening cooperation with partners (buyers/sellers) to finalize cargo handling plans, and maintaining complete documentation for dispute resolution.

For energy-intensive businesses, financial instruments (such as forward contracts) should be used to lock in fuel prices.

Building a unique brand increases product value and reduces reliance on price competition. Closely monitoring government policies on energy security is crucial. Businesses should enhance energy self-sufficiency through investment in rooftop solar power systems combined with next-generation energy storage solutions. Simultaneously, fostering employee morale and motivation through welfare and incentive policies will help businesses maintain stable production and drive growth.

Truong Son

Source: https://baobacninhtv.vn/bac-ninh-gia-tri-san-xuat-cong-nghiep-tang-postid446584.bbg