HCM City’s industrial production index (IPI) from January to October declined 4.7 percent from the same period last year in the wake of COVID-19, according to the municipal Department of Industry and Trade.
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.
The northern province of Phu Tho is emerging as an attractive destination for both local and foreign investors thanks to its uniform infrastructure, open policies, and safe business climate.
Businesses in HCM City are in need of specific and long-term solutions, given that its index of industrial production (IIP) fell 4.9 percent in the first nine months of this year, according to insiders.
Manufacturing sector returned to growth in September as concerns around the outbreak of the COVID-19 pandemic in the country eased. Both output and new orders increased, while business confidence strengthened, and the rate of job cuts softened.
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.
Exports by Ho Chi Minh City companies in the first eight months of the year reached 28.4 billion USD, a 4 percent increase year-on-year, according to the municipal Department of Industry and Trade.
The Mekong Delta city of Can Tho has taken many measures to combat the COVID-19 epidemic and is determined to achieve the highest possible socio-economic indicators, according to the municipal People’s Committee.
The index of industrial production (IIP) in Ho Chi Minh City went down 5.5 percent year-on-year in seven months of this year due to COVID-19 pandemic, according to the municipal Department of Industry and Trade.
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.
The southern province of Binh Duong enjoyed a trade surplus of 2.6 billion USD in the first half of 2020, according to the provincial statistics office.
The Index of Industrial Production (IIP) for HCM City in May rose 7.9 percent against April but was down 15.5 percent year-on-year, according to the city’s Department of Industry and Trade.
Vietnam now has a “golden opportunity” to reactivate its economy earlier than many other countries, Minister-Chairman of the Government Office Mai Tien Dung said on June 2.
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).
Cabinet members started to review the national socio-economic situation in May – the first month after the social distancing measures were lifted and the economy entered the “new normal” period – during a Government meeting in Hanoi on June 2.
The northern province of Bac Giang ranked ninth among localities nationwide in attracting foreign direct investment (FDI) in the first months of this year.
A lack of raw materials and falling consumption demand in foreign markets are challenging enterprises in Ho Chi Minh City. Many of them are hoping for specific policies to help them overcome these difficulties and resume economic activities.
In the first four months of 2020, committed foreign direct investment (FDI) amounted to US$12.3 billion, a year-on-year decrease of 15.5%. Surprisingly, the value of FDI commitment rebounded in April, up by 81% over March 2020.
The World Bank (WB) has issued an update on Vietnam’s macro-economy for May, in which it said the economy may prosper again after social distancing measures were eased nationwide on April 23.
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