The role of industries in economic growth: An approach to decentralization of sectors in Long An province
Main Article Content
Abstract
This research aims to assess the growth of industries and determine the contribution of industries to Long An province's economic growth with data collected from 2010-2023. By statistical analysis, comparison and cluster, the research results show that the industry plays an increasingly important role in the province's economic growth; specifically, food production and processing always play a major role in the group of secondary industries. The tertiary industry sector has grown well and has always played an important role in promoting the province's economic development in the current and upcoming trends including: Rubber and plastic products manufacturing; leather and related products manufacturing; chemical and chemical product manufacturing; manufacturing machinery and equipment; paper and paper products manufacturing; clothing production; wood processing and production of wood, bamboo, rattan products; straw and stubble products manufacturing. From the research results, the article suggests policy recommendations focusing on the development of industrial products with good growth and contribution; the product group is making a good contribution but growing slowly.
Keywords
Contribution of Industries; Economic Growth; Long An Province
Article Details
Field of Economic (JEL Codes)
O10 - General - O11 - Macroeconomic Analyses of Economic Development - O14 - Industrialization • Manufacturing and Service Industries • Choice of Technology - Economic Development
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