Business

Industrial production up 4.82 percent in 2021

Vietnam’s industrial production recorded an increase of 4.82 percent in added value compared to 2020, according to figures from the General Statistics Office (GSO).
Industrial production up 4.82 percent in 2021 ảnh 1Industrial production up 4.82 percent in 2021 (Photo: VNA)
Hanoi (VNA) - Vietnam’sindustrial production recorded an increase of 4.82 percent in added value compared to 2020, according to figures from the GeneralStatistics Office (GSO).

Notably, the processing and manufacturing field saw a rise of 6.37 percent in added value, contributing 1.61 percent to the overall growth of the economy.

The production index in 2021 of several key industriesalso surged against 2020, such as metal production up 22.1 percent; motor vehicle production 10.2 percent; electronic, computer, and opticalproducts 9.6 percent; and hard and ion coal mining 9 percent.

Regarding FDI attraction in the year, the processing and manufacturing sectorcontinued to lead with registered FDI capital totaling 7.25 billion USD, accountingfor 47.6 percent of the total newly-registered capital.

According to the Ministry of Industry and Trade (MoIT), many businesses havequickly regained their growth momentum after the Government issued ResolutionNo. 128/NQ-CP on safely and flexibly adapting to and effectively controlling the pandemic. 

Economic experts said that the results achieved in 2021 create an importantpremise for industrial production to achieve strongger development, thus servingas a main contributor to the economic growth.

The MoIT will continue to focus on removing difficulties facing importantindustrial projects, and maximizing its support for factories in maintaining andrecovering their production.

The industry and trade sector will also effectively implement measures of the Governmentin order to help businesses recover financial and labour resources servingtheir production.

Attention will also be paidto speeding up industry restructuring in the direction of increasing theproportion of processing and manufacturing industries and reducing theproportion of contracting and assembling for industrial products manufactured inVietnam, gradually removing difficulties for enterprises to increasecompetitiveness and step by step establishing technical barriers for imports to support and raise the local content of domestic products ./.
VNA
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