Business

HCM City’s IIP edges down 14.3 percent last year

Ho Chi Minh City’s Industrial Production Index (IIP) in 2021 declined 14.3 percent though the figure rebound to grow 13.5 percent month-on-month in December, according to the municipal Department of Statistics.
HCM City’s IIP edges down 14.3 percent last year ảnh 1Illustrative photo. (Source: VNA)
HCM City (VNA) – Ho Chi Minh City’s IndustrialProduction Index (IIP) in 2021 declined 14.3 percent though the figure reboundto grow 13.5 percent month-on-month in December, according to the municipal Departmentof Statistics.

Growth was only reported in three areas of metal production(up 6.5 percent), vehicle manufacturing (2.7 percent), and water treatment andsupply (0.7 percent).

The city’s effective COVID-19 containment was attributed tothe IIP improvement last month which is expected to smooth the way for furtherrecovery.

Export of goods, inclusive of crude oil, by HCM City’senterprises via border gates nationwide totalled nearly 43.9 billion USD, down1 percent from the same period of 2020.

China remained the city’s largest export market with over 9.37 billion USD, down 10.8 percent year-on-year. It was followed by the United States,Japan and the EU.

This year, HCM City eyes a Gross Regional Domestic Product (GRDP) growth of 6 – 6.5 percent, a turnaround from a 6.78-percent contraction caused by COVID-19 impactslast year.

The city will focus on revitalizing its COVID-19-strickeneconomy in 2022 to create growth momentum for the following year, said Chairman ofthe municipal People’s Committee Phan Van Mai, adding that enterprises will beplaced in the centre of the economic growth./.

VNA
#Ho Chi Minh City #Industrial Production Index #IIP #COVID-19 #Vietnam #Vietnam News #Vietnam Plus #Vietnam News Agency Ho Chi Minh City
Follow VietnamPlus

Related News

HCM City: IIP advances 5.9 percent in H1

HCM City: IIP advances 5.9 percent in H1

Ho Chi Minh City’s Index of Industrial Production (IIP) advanced 5.9 percent year-on-year in the first half of 2021, though new COVID-19 outbreaks are ravaging the country’s southern economic hub, causing the index to shrink 5.3 percent month-on-month in June.
61.4 percent of manufacturing firms face more difficulties in Q3: Survey

61.4 percent of manufacturing firms face more difficulties in Q3: Survey

Up to 61.4 percent of a total 5,663 enterprises in the processing-manufacturing sector faced more difficulties in production and business activities in the third quarter compared to the previous quarter due to COVID-19 impacts, according to a survey conducted by the General Statistics Office (GSO).
Binh Duong posts 6.8 billion USD in trade surplus

Binh Duong posts 6.8 billion USD in trade surplus

With its import and export values growing 14.7 and 13.5 percent year-on-year to hit 24.6 and 31.5 billion USD in 2021, respectively, the southern province of Binh Duong recorded a trade surplus at 6.8 billion USD.

See more

A refilling station of Petrolimex (Photo: VNA)

Import tariffs on certain fuel products reduced to 0%

Rising tensions in the Middle East, particularly the conflict involving the US, Israel and Iran, have significantly affected the global energy market, especially shipping activity through the Strait of Hormuz – a strategic route for transporting crude oil from the region.

Fishermen raise the national flag before heading out to the sea to affirm Vietnam’s sovereignty over its seas and islands. (Photo: VNA)

Dong Thap promotes IUU awareness from start of fishing season

Gia Thuan commune, located in the eastern part of the province, is a key fishing locality with 563 fishing vessels, including 423 offshore boats and 140 nearshore vessels, producing an average annual catch of over 42,970 tonnes of seafood.

Industrial production surges in the first two months of 2026. (Photo: VNA)

Industrial production posts strong growth in first two months

According to the National Statistics Office (NSO) under the Ministry of Finance, the index of industrial production (IIP) in February was estimated to decrease 18.4% from the previous month but increase 1% year on year. Overall, in the January–February period, the IIP rose 10.4% compared with the same period last year.

A delegation from the Nghe An provincial People’s Committee inspects production and business activities at the VSIP Nghe An Industrial, Urban and Service Park. (Photo:nhandan.vn)

Nghe An steps up reforms to attract FDI

In 2025, the provincial People’s Committee licensed 25 new FDI projects and approved capital adjustments for 20 others, bringing the total newly registered and additional investment to more than 1 billion USD. Many large-scale projects in the Southeast Nghe An Economic Zone have already become operational, contributing to export growth, state budget revenues and job creation.

Nearly 35,500 enterprises are newly registered nationwide, with total registered capital reaching nearly 313.7 trillion VND and more than 167,500 registered workers. (Photo: VNA)

Nearly 35,500 new businesses set up in first two months

The enterprises registered combined capital of about 313.7 trillion VND and more than 167,500 employees. Compared with the same period last year, the number of new businesses surged by 70.7%, while registered capital rose by 36.1% and registered labour increased by 19.1%.

The yarn factory of Unitex Textile and Dyeing Company Limited applies new technology to optimise operations using an automated model. (Photo: VNA)

Resolution 68: International lessons for private sector development

A common feature in many successful economies is a fundamental shift in the perception of private enterprises. In countries such as Singapore, Germany, Republic of Korea (RoK) and China, private firms are viewed not mainly as entities requiring strict control but as development partners and key forces generating growth, jobs and innovation.

The production line of Regza Electronics Vietnam Co., Ltd. located in Dong Nai province. (Photo: VNA)

Vietnam’s overseas investment rises 2.3-fold in first two months

During the period, 36 new overseas projects were granted investment certificates with total registered capital from Vietnamese investors reaching 532.4 million USD, up 2.3 times compared to the same period last year. In addition, three projects adjusted their capital with an additional 7.8 million USD, 1.5 times higher than a year earlier.

Workers of PTSC Thanh Hoa check the system for crude oil imports. Vietnam saw strong increase in fuel imports in the first two months of this year. (Photo" VNA)

Vietnam records strong increase in fuel imports in two months

Statistics of Vietnam Customs showed that Vietnam spent more than 1.44 billion USD importing 2.18 million tonnes of petroleum products in the first two months of this year, representing a sharp increase of 31.4% and 43%, respectively, over the same period last year.