January’s industrial production index rises by 22.2 percent
The index of industrial production (IIP) in January is estimated to enjoy a year-on-year rise of 22.2 percent, according to the General Statistics Office.
Illustrative image (Source: VNA)Specifically, production of the processing and manufacturing industry increased by 27.2 percent, while that of electricity production and distribution rose by 16.3 percent.
In the contrary, the mining industry posted a decrease of 6.2 percent.
In the first month of 2021, the production of television sets witnessed the largest output increase at 106.2 percent year-on-year, followed by phone components (71.5 percent), rolled steel (63.4 percent) and automobiles (38.2 percent).
In the same period, the output of petroleum and oil went down by 52.4 percent, while that of crude oil down 12.5 percent.
As of January 1, the total number of employees in the industrial sector rose by 1.1 percent month-on-month, but declined by 1.4 percent year-on-year.
To support industrial production, the office proposed ministries, sectors and localities continue speed up administrative procedure reform and help businesses in finding import and material markets./.
You should also see
Strategic breakthroughs and turning points for victory day
The strategically significant victory of the Central Highlands Campaign followed by the rapid and resounding success of the Hue-Da Nang offensive in March 1975 fundamentally altered the situation of the liberation war, creating a pivotal turning point and ensuring conditions for a definitive victory in the historic Ho Chi Minh Campaign, which fully liberated the South and unified the country.
See more
Business
Vietnam’s rice exports may exceed 2024 target
With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
