10:22 | 13/10/2015 Industry
(VEN) - According to nine-month statistics, the disbursal of funds for industry promotion activities in the south was low in terms of the annual targets. The Ministry of Industry and Trade’s Agency for Regional Industry Development has attempted to resolve this issue.
Low disbursement rate
According to the Agency for Regional Industry Development, the total approved industry promotion budget for 20 cities and provinces in the south this year reached more than VND62.489 billion, an increase of 5.96 percent compared to 2014, including VND19.022 billion and over VND43.467 billion from national and local industry promotion budgets.
Cities and provinces in the region have organized vocational training courses for 627 workers, focused on improving management and start-up capacity for 531 staff, implemented 12 technical performance models and supported 45 rural agricultural facilities in applying modern machinery and equipment in production lines.
However the disbursal of funds for industry promotion activities in the south was low in terms of the annual targets in the first nine months of the year. In particular, the rate for training courses to improve management and start-up capacity and industrial cluster development reached a mere 28.48 percent, just 14.29 percent of the yearly plan.
Some elements achieved high disbursement rates in the first three quarters of the year such as the programs on developing outstanding rural industrial products with 61.7 percent and applying modern machinery and equipment in production lines with 45.24 percent.
The Agency for Regional Industry Development said that the rate in the south remained low as conducting surveys, making plans and assessing project quality in some localities remained limited, industry promotion staff remained inexperienced and provision of up-to-date information remained slow.
Southern cities and provinces need to make greater efforts to complete industry promotion activities in the remaining months of the year. In addition, localities in the region must build the national and local industry promotion plans for the coming year.
To accomplish the tasks, the agency has devised solutions such as strengthening the implementation of industry promotion activities with a focus on contents in terms of building technical performance models, buying new technology, supporting industrial cluster development and expanding consumer markets for outstanding rural industrial products.
The agency has also asked local departments of industry and trade to enhance oversight and help overcome difficulties for industry promotion projects, organize training courses and improve capacity for staff and conduct key industry promotion programs and plans in order to create a breakthrough for the development of the industry and trade sector.