Vietnam's foreign direct investment (FDI) disbursement reached 15.4 billion USD in the January-August period, up 8.8% from the same period last year, according to the National Statistics Office (NSO).
The added value of industrial production in Vietnam rose 3.02% during 2023, with the manufacturing and processing sector enjoying an increase of 3.62%.
The General Statistics Office (GSO) reported optimistic signals in industrial production, attributing the positive trend to businesses securing orders and gearing up for year-end consumer demand.
Production and trade activities in the manufacturing and processing sector in Ho Chi Minh City remained stable in the third quarter this year, according to the municipal Department of Industry and Trade.
Vietnam’s industrial production index went up 5.5 percent in November compared to the previous month and rose by 5.6 percent year-on-year, reported the General Statistics Office (GSO).
The manufacturing and processing sector has taken the lead in attracting foreign direct investment (FDI) since the beginning of this year, pulling in 6.1 billion USD, or over 43 percent of the total.
The General Statistics Office (GSO) forecast if the coronavirus epidemic is stamped out in the first quarter this year, Vietnam’s industrial production value in the first quarter would increase by 2.68 percent year-on-year, lower than growth rate of 9 percent in the first quarter of 2019 and 10.45 percent in the first quarter of 2018.
Vietnam’s industrial production index expanded by only 6.2 percent in the first two months of this year due to the impact of COVID-19 outbreak, much lower than 13.7 percent and 9.2 percent in the same period of 2018 and 2019, respectively.
Growth of Vietnam’s industrial sector is likely to slow down in the first quarter of 2020 due to negative impacts from the acute respiratory disease caused by a novel coronavirus (COVID-19), according to the General Statistics Office (GSO).
Vietnam’s industrial production in the first nine months of this year rose by 9.6 percent year on year, a four-year record, according to the General Statistics Office (GSO).
The manufacturing and processing sector garnered the most interest from foreign investors in 2018, attracting 16.58 billion USD, or 47 percent of the registered capital.
Manufacturing and processing sector grew by 13.02 percent in the first half of 2018, the highest in seven years, contributing 2.63 percentage points to the country’s economic growth, said Director General of the General Statistics Office (GSO) Nguyen Bich Lam.
Vietnam attracted 8.06 billion USD in foreign direct investment (FDI) in the first four months of 2018, equivalent to 76.1 percent of the figure in the same period last year, according to the National Statistics Office.
Vietnam’s industrial production index (IPI) was estimated to rise 9.4 percent year-on-year in April, pushing the four-month index growth by 11.4 percent, higher than a 6.6 percent increase in the same period last year.
Vietnam’s index of industrial production (IIP) in the first quarter of this year gained the highest year-on-year growth rate of 11.6 percent in the past three years.
Vietnam’s index of industrial production (IIP) in November rose by 17.2 percent against the same month last year, according to the General Statistics Office (GSO).
