Vietnam posted a record trade surplus of 20.1 billion USD in the first 11 months of this year despite the adverse impacts of the COVID-19 pandemic on the global economy, according to the General Statistics Office (GSO).
The Vietnam Manufacturing Purchasing Managers' Index (PMI) dipped fractionally below the 50.0 no-change mark to 49.9 last month, signalling broadly unchanged business conditions during the month.
Masan Group Corporation was one of the top 10 companies in terms of investment and M&A deals in 2019-20, with its subsidiaries striking deals with VinCommerce, Starck, NET, and 3F.
The index of industrial production (IIP) in October increased 3.6 percent from the previous month and 5.4 percent against the same period last year, reported the Ministry of Industry and Trade.
Indonesian Minister of State-Owned Enterprises Erick Thohir said on October 14 that the world’s two largest electric vehicle (EV) battery producers, Contemporary Amperex Technology Co. Ltd of China and LG Chem Ltd of the Republic of Korea, are considering a plan to build an EV battery plant worth 20 billion USD in Indonesia.
The northern coastal province of Quang Ninh targets double-digit growth in the gross regional domestic product (GRDP), and State budget collection of a 48 trillion VND (approximately 2 billion USD) in 2020, according to Secretary of the provincial Party Committee Nguyen Xuan Ky.
The mining industry faced difficulties in the first eight months of this year due to being unable to enjoy tax and land rental incentives, said Nguyen Huu Quang, deputy head of the National Assembly's Committee on Finance and Budget.
According to the General Statistics Office, for the first 8 months of the year, the industrial production index of the whole country increased by 2.2% over the same period last year, much lower than the 9.5% increase of the same period last year.
Industrial production index inched up 2.6 percent in the first seven months of 2020, the lowest level recorded in many years due to COVID-19, according to the General Statistics Office (GSO).
The Ministry of Industry and Trade (MoIT) will focus on removing difficulties in industrial sectors in the second half of this year, especially the processing and manufacturing industry, to expand production and business.
Vietnam’s index of industrial production (IIP) in May rose by 11.2 percent over the previous month but decreased by 3.1 percent year on year, according to the General Statistics Office (GSO).
The Index of Industrial Production (IIP) in the first four months of 2020 grew by about 1.8 percent year on year, the slowest pace in many years, due to COVID-19, according to the General Statistics Office (GSO).
Mineral resources are vital to the nation as they not only serve economic development purposes, but also hold the potential for reinvestment in and sustainable development of tourism, such as Dong Van Karst Plateau Geopark and Non Nuoc Cao Bang Global Geopark.
The Indonesian government expects to attract 7.75 billion USD in investment in the mining industry this year, a record level between 2015 and 2024, fuelled by a wave of smelter development projects.
The revised Labour Code, which was adopted by the National Assembly in November 2019, has helped Vietnam reach closer to international labour standards, according to experts.
The manufacturing and processing industry drove economic growth in 2019 with production volume increasing 11.29 percent over the previous year, according to the General Statistics Office (GSO).
The private sector was the main driver of growth for Vietnam in the first nine months this year, a conference held by the Central Institute for Economic Management (CIEM) heard in Hanoi on October 30.
As State-owned enterprises (SOEs) have many functions in the local economy, they struggle to fulfil their main task of doing business, so they need solutions to improve business efficiency, according to experts.
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