Ho Chi Minh City’s Index of Industrial Production (IIP) in August increased 6.6% over the same period last year, according to the municipal Department of Industry and Trade.
The index of industrial production in the first half of 2023 grew by only 0.44% year-on-year due to decreasing orders, falling demand and rising input costs.
The index of industrial production (IIP) of the southern province of Binh Phuoc in the first five months of 2023 increased by 6.5% year-on-year, the provincial Department of Statistics reported.
The northern province of Bac Giang took the lead in five-month industrial production index with a growth of 15.4 percent, followed by Phu Tho (15.2 percent), Hau Giang (13.9 percent), and Thai Binh (13.2 percent).
In order to achieve the target of industrial growth of 7-7.5% this year, Hanoi has been implementing a series of solutions to support industrial enterprises in the capital city.
Economists expect year-on-year gross domestic product (GDP) growth of Malaysia would be moderate, at between 5.2% - 5.7% in the first quarter of 2023, against 7% in the last quarter of 2022, on the absence of the base effect.
Experts advised the Ho Chi Minh City’s food processing sector to diversify products, adopt automated technology, quality control system and improve workforce quality during a recent seminar on its development orientations till 2030 with a vision to 2050.
The first quarter of 2023 saw a decline of 2.2% in the Index of Industrial Production (IIP) compared to the same period last year, due to the impact of the world economy's challenges on domestic production and business, according to the General Statistics Office (GSO).
Ho Chi Minh City’s Index of Industrial Production (IIP) in the first quarter of 2023 declined by 0.9% compared to the same period last year, the municipal Department of Industry and Trade reported at a press conference on April 3.
Thailand's industrial output further declined more than expected in December 2022, as a global slowdown hit demand for Thai exports, according to the Ministry of Industry.
Malaysia's industrial production index (IPI) rose 4.6% in October, after registering double-digit growth for four consecutive months, according to the Department of Statistics Malaysia (DOSM).
Hanoi is looking to drive the sustainable development of the capital’s economy by taking a series of measures that include developing its industrial sector and product competitiveness in order to play an ever evolving role as it integrates with the global supply chain.
The index of industrial production (IIP) in the first eight months of 2022 surged 9.4% over the same period last year, according to the General Statistics Office (GSO).
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