July industrial production hit hard by pandemic

Industrial activities have continued bearing the brunt of the COVID-19 pandemic, resulting in mere growth rates of 1.8 percent month on month and 2.2 percent year on year in the July index of industrial production (IIP) - the slowest pace in seven months.
July industrial production hit hard by pandemic ảnh 1The July index of industrial production grew by only 1.8 percent month on month and 2.2 percent year on year (Photo: VNA)
Hanoi (VNA) – Industrial activities have continuedbearing the brunt of the COVID-19 pandemic, resulting in mere growth rates of 1.8percent month on month and 2.2 percent year on year in the July index ofindustrial production (IIP) - the slowest pace in seven months.

In July, the mining industry contracted 8 percent froma year earlier while processing and manufacturing expanded 2.9 percent; electricityproduction and distribution up 6.7 percent; water supply, waste and wastewatermanagement and treatment up 4.4 percent, the Ministry of Industry and Tradereported.

Many sectors witnessed declines in their productionindexes during the first seven months of 2021, including crude oil and naturalgas exploitation down 10.4 percent; hard and lignite coal mining 2.9 percent;and machinery and equipment repair, maintenance, and installation 1.1 percent.

Among the localities imposing social distancing underthe Prime Minister’s Directive 16/CT-TTg to curb COVID-19 transmission, sevenin the South recorded lower IIPs in July compared to the same period last year:Ho Chi Minh City (down 19.4 percent), Long An (down 14.6 percent), Ca Mau (down13.7 percent), Dong Thap (down 5.7 percent), Tra Vinh (down 5.3 percent), BaRia - Vung Tau (down 1.9 percent), and Ben Tre (down 0.2 percent).

However, thanks to drastic moves to keep supply chainsuninterrupted and stay safe from the pandemic, many still enjoyed slight growthin industrial production such as Bac Ninh, Bac Giang, and Hanoi in the northernregion, according to the ministry./.
VNA

See more

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona. (Photo: VNA)

Cuban commerce official optimistic about bright future of Vietnam-Cuba cooperative ties

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona hailed Vietnam as Cuba’s second-largest trading partner in Asia and its top investor, spotlighting its foothold in the Mariel Special Development Zone via Viglacera. This zone, he noted, is set to become a pivotal hub for Vietnamese investment in the years ahead.

Imported cars seen at the northern port city of Hai Phong. (Photo: VNA)

Ministry proposes tax cuts for some imported cars

This initiative aims to diversify the supply of imported vehicles, foster competition in the domestic market, and align Vietnam’s tax policies with the evolving trends of the automotive industry.

Minister of Industry and Trade Nguyen Hong Dien and Deputy Prime Minister of the Republic of Belarus Anatoly Sivak sign the meeting minutes. (Photo: VNA)

Vietnam, Belarus unveil key solutions to boost trade

Vietnam and Belarus are set to deepen bilateral cooperation in all fields, particularly in economy-trade and science-technology, through their Intergovernmental Committee mechanism, affirmed Minister of Industry and Trade Nguyen Hong Dien.

Honda Vietnam's new CEO, Sayaka Hattori (Photo: VNA)

Honda Vietnam has new female CEO

Sayaka Hattori, a Japanese national with over 25 years of experience in the automobile and motorcycle industry, was appointed as new CEO of Honda Vietnam on April 1.

Illustrative image (Photo: VNA)

Annual enterprise census kicks start nationwide

The survey will span all the 63 provinces and centrally-run cities in Vietnam, targeting enterprises and cooperatives engaging in production and business activities across almost all sectors.

Participants at the talks between Minister of Construction Tran Hong Minh and Korean Minister of Land, Infrastructure, and Transport Park Sangwoo in Hanoi on March 31. (Photo: VNA)

Vietnam calls on RoK to share expertise in high-speed railway development

Minister of Construction Tran Hong Minh applauded the RoK’s proposal to organise a railway cooperation forum, seeing it as an opportunity for state management agencies, experts, research institutions, universities, and businesses of Vietnam to gain insights from the RoK’s experience in planning, construction, maintenance, and developing high-speed rail industry.