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Quang Binh pledges funds to lift industry

Update: June, 16/2015 - 09:31
The sum includes VND30 billion ($1.4 million) from the provincial budget, while the remaining amount will come from the national industry boosting programme. — Photo baoquangbinh
QUANG BINH  (VNS) — Central province Quang Binh issued Decision No 1490/QD-UBND on Wednesday regarding a programme to stimulate the local industry on an estimated spending of VND40 billion (US$1.83 million) by 2020.

The sum includes VND30 billion ($1.4 million) from the provincial budget, while the remaining amount will come from the national industry boosting programme.

The provincial programme focuses on offering vocational training to more than 3,000 local workers and improving the vocational and management capabilities of another 500 workers, alongside building 16 technology demonstration models expected to introduce advanced technology and new products.

Additionally, it provides financial support for industrial businesses and helps them attend domestic and overseas trade fairs to promote their products.

The locality is also drawing up detailed plans to develop local industrial clusters and economic zones and invest in infrastructure development.

A highlight of the programme is support for some 130 industrial businesses in rural areas to expand their businesses and transfer advanced technology to improve production.

The spending is part of the provincial efforts to boost the industry and handicraft sectors towards sustainable development in a bid to enhance competitiveness and contribute to economic restructuring. — VNS


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