Added value of industrial production climbs 3.02% in 2023
The added value of industrial production in Vietnam rose 3.02% during 2023, with the manufacturing and processing sector enjoying an increase of 3.62%.
Prime Minister Pham Minh Chinh on January 11 asked the Ministry of Planning and Investment (MPI) to constantly keep a sharp and reformed mindset, quickly grasp issues emerging in Vietnam and the world, and have foresight to advise the Party, State, people, and businesses about major socio-economic policies.
Circular economy is becoming an inevitable trend and taking place strongly in many countries around the world, including Vietnam, as the transition from the traditional linear economy to a circular economy is considered an effective solution, helping to maintain economic growth and development as well as minimising negative impacts on the environment.
With a positive economic outlook, the Ministry of Industry and Trade aims to increase exports by 6% in 2024, running a trade surplus for nine years in a row, estimated at 15 billion USD.
Ho Chi Minh City’s Department of Industry and Trade will deploy a number of measures to enable it to always stay ahead of trends, helping the city maintain its role as the economic locomotive and take the lead in innovation in the country, according to the department.
