Nghe An: 70 billion VND to support industrial promotion activities

Specifically, the local budget to support industrial promotion activities is 53.7 billion VND (2 billion VND per year in 2002 - 2005, 3 billion VND per year in 2006, 4 billion VND per year in 2007 - 2016, 4.5 billion VND per year in 2017 - 2018).

The central budget supports 16.3 billion VND (average 1.16 billion VND/year).

The main support contents are: Investment in innovation of production equipment lines, vocational training, support for investment in production tools for craft villages and villages with crafts; support for craft villages recognized by the Provincial People's Committee; dissemination of mechanisms, policies and laws on industrial development, small-scale industry and craft village construction...

The industrial promotion budget supports some traditional craft villages in the province to develop production. Photo: Document

Mr. Hoang Van Tam - Director of the Department of Industry and Trade affirmed: Industrial promotion activities in recent years have supported and encouraged production establishments to exploit existing raw materials, promote production, innovate, improve technology, improve quality, increase product value, thereby enhancing competitiveness, expanding consumption markets; creating the overall production value of the industry, creating a shift in industrial structure towards industrialization; Mobilizing resources to support organizations and individuals to invest in industrial production, contributing to promoting industry, small-scale industry, and developing craft villages.

In order to improve the quality of industrial promotion work, in the coming time, Nghe An Industry and Trade Department will focus on the following solutions: Increasing mobilized funding sources, integrating other sources besides industrial promotion sources; building a focused and key plan to implement industrial promotion projects according to the value chain, creating motivation for enterprises to continuously and synchronously implement solutions to promote development...