Industry leads Hai Duong’s growth

01/01/2023 08:00

Industrial development continued to be the highlight of Hai Duong province’s economic "picture" in 2022.

An Phat Bioplastics JSC. has had a year of high growth in both revenue and profit

The processing and manufacturing industry was the engine of the whole province’s industrial growth.

An Phat Bioplastics JSC. in An Dong industrial cluster, Nam Sach district, was one of two businesses in the province proposed to the Hai Phong city Customs Department for reward and commendation in 2022 by the Hai Duong Customs Sub-department.

Operating in the field of plastic packaging manufacturing, An Phat Bioplastics JSC. always correctly determines consumption demands and gets ahead of the market.

According to the latest data published by An Phat Bioplastics JSC., in the first nine months of 2022, the company earned 11,883 billion VND in revenue, 1,046 billion VND in gross profit, and 266 billion VND in after-tax profit, up 33%, 14%, and 5% compared to the same period in 2021, respectively.

The company expected that by the end of 2022, revenue and profit growth rates would have remained high. Its main export markets are Europe, the US, and Japan.

Right at the end of 2021, Lilama 69-3 JSC. in Binh Han ward, Hai Duong city, was prepared to face a lot of difficulties and challenges in 2022 due to fierce competition from other businesses and much dependence of the price of main materials for processing and manufacturing, iron and steel, on imported materials.

However, by the end of 2022, the enterprise’s production and business value and after-tax profit were estimated to rise by nearly 25% and about 6%, respectively.

With many years of experience in manufacturing agricultural machines, electric motors, and water pumps, Toan Phat Co., Ltd. in Hung Thinh industrial cluster, Binh Giang district, was estimated to manufacture and assemble about 350,000 agricultural, industrial, and construction machines of all kinds in 2022.

According to the company's calculations, its revenue in 2022 was estimated at 220 billion VND, an increase of approximately 30 billion VND compared to 2021.

Results of industrial production development, especially the processing and manufacturing industry, will contribute to creating momentum for the province to realize socio-economic development goals in the coming time.

According to data from the Department of Industry and Trade, the index of industrial production in 2022 was estimated to increase by 11.5%. In which, the processing and manufacturing industry remained a bright spot leading the province's industrial growth with a rate of 11.8%.

The highlight is that the industrial structure is positively changing as the proportion of the processing and manufacturing industry is increasing while that of the mining industry tends to decrease, in line with the province’s industrial restructuring orientation.

PHAN TRANG