Industrial Production Value of Yên Bái Reaches 100.89% of Double-Digit Growth Scenario Target 10,5%

Economy

Industrial Production Value of Yên Bái Reaches 100.89% of Double-Digit Growth Scenario Target 10,5%

Friday, April 11, 2025

YBO - In the first quarter of 2025, industrial production in Yên Bái continued to maintain a steady growth pace.

Bamboo processing at Yen Thanh joint Stock Company.

The industrial production value (according to 2010 constant prices) in March is estimated to reach VND 1,680 billion, up by 15.9% compared to the previous month. Cumulatively, in the first three months, the industrial production value is estimated at VND 4,540 billion, representing a 13% increase compared to the same period last year, achieving 22.7% of the yearly target.

In the first quarter of 2025, the growth reached 107.1% of the 8.2% growth scenario and 100.89% of the double-digit 10.5% growth scenario.

The industrial production index in March 2025 is estimated to have increased by 20.83% compared to the previous month, and 17.84% compared to the same period last year. For the first three months of 2025, the industrial production index is expected to rise by 11.89% year-on-year.

Several key products have met or exceeded the targets set for the first quarter of 2025, including: construction stone, estimated at 250,000 m³, an increase of 28.2% compared to the scenario; cement, estimated at 470,000 tons, up 4.4% from the scenario; plywood, estimated at 70,000 m³, up 27.2%; kitchen cabinets, estimated at 265,000 units, up 6%; and electricity production, estimated at 290 million kWh, matching 100% of the target.

This strong performance is attributed to the proactive measures taken by the Ministry of Industry and Trade in Yên Bái at the beginning of the year. These included building comprehensive programs, projects, and development plans for 2025, improving administrative reforms, reviewing legal documents, and enhancing the Provincial Competitiveness Index (PCI) and Departmental Competitiveness Index (DDCI).

Additionally, effective coordination of economic and social development solutions has created favorable conditions for businesses to stabilize and maintain production and business activities.

In April and the second quarter of 2025, the Ministry of Industry and Trade in Yên Bái aims for industrial production value (at 2010 constant prices) to reach VND 1,830 billion. By the end of April, the total cumulative value is projected to be VND 6,290 billion. In the second quarter of 2025, the industrial production value is expected to reach VND 5,550 billion, with the cumulative value for the first half of the year expected to reach VND 10,090 billion, a 13.5% increase year-on-year, achieving 50.5% of the annual target. For the first half of 2025, the growth rate is forecast to be 106.8% compared to the 8.2% growth scenario and 100.4% compared to the double-digit 10.5% growth scenario.

Thanh Trung

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