Industrial production up 10% in first four months of 2021
Vietnam's national index of industrial production advanced 10 percent year on year in the first four months of this year, according to the country's General Statistics Office.
Ho Chi Minh City’s Index of Industrial Production (IIP) rose 9.7 percent year-on-year in the first four months of 2021, signalling a positive outlook for the local economy in the face of COVID-19, according to the municipal Department of Industry and Trade.
The vietnam-briefing.com published by Dezan Shira & Associates - a consultancy firm on foreign investment in Asia - on May 6 run an article, emphasising that since the EU-Vietnam Free Trade Agreement (EVFTA) took effect in August 2020, Belgium has played a significant role in promoting trade and foreign investments into Vietnam.
Hai Duong is planning to develop an additional 10 - 15 industrial parks (IPs) with the total area of about 5,000ha so that this northern province will become a truly attractive destination for investors, according to a provincial leader.
The fourth outbreak of COVID-19 in Vietnam has had a negative impact on socio-economic development in pandemic-hit localities. In order to continue to successfully carry out the “dual goals” of maintaining effective production while combating the pandemic, the northern province of Bac Ninh has strengthened measures to ensure safety at its industrial parks.
Vietnamese manufacturers and exporters are struggling to cope with rising material prices despite posting high export volumes in the first four months of the year.
