Vietnamplus

Socio-economic recovery and development have been seen in Ho Chi Minh City – the biggest economic hub in southern Vietnam, with strong growth in production and business activities.

The index of industrial production (IIP) in the first quarter continued to flourish with a year-on-year increase of 7.07 percent, the General Statistics Office said.

Vietnam's index of industrial production (IIP) in February rose by 8.5 percent year-on-year, marking the fourth consecutive monthly increase, according to the Ministry of Industry and Trade (MoIT).

Ho Chi Minh City’s Index of Industrial Production (IIP) rose 2.1 percent year-on-year in the first two months of 2022, according to the municipal Department of Statistics.

Binh Duong province, a major industrial hub in the southern region, has still managed to attract over 1.5 billion USD in foreign direct investment (FDI) so far this year despite considerable impacts of the COVID-19 pandemic.

The index of industrial production (IIP) grew by 4.45 percent in the first nine months of this year over the same period last year.

Industrial production firms in Ho Chi Minh City have not yet showed signals of recovery due to the COVID-19 pandemic.

Amid the complex COVID-19 situation, accelerating the disbursement of public investment is one of the focal tasks Hanoi will carry out in the remaining months of 2021 to achieve the best possible economic outcomes.

Hanoi is working to promote the development of key industrial products, expecting 25 - 30 products will earn the recognition this year.

The Vietnam Manufacturing Purchasing Managers' Index (PMI) ticked up to 45.1 in July from 44.1 in June, signalling a marked deterioration in business conditions across the sector for the second month in a row.

The consumer price index (CPI) increased by 1.64 per cent in the January to July period, the lowest rate since 2016, with lower food and electricity prices after Government efforts to stabilise prices and support virus-hit citizens and enterprises in the pandemic, according to the General Statistics Office (GSO).

The index of industrial production (IIP) of southern Binh Phuoc province increased by 15.63 percent year-on-year in the first seven months of this year over the same period in 2020, according to the provincial Department of Statistics.

The industrial sector's added value grew 8.91 percent in the first half of the year, according to the General Statistics Office.

Ho Chi Minh City’s Index of Industrial Production (IIP) advanced 5.9 percent year-on-year in the first half of 2021, though new COVID-19 outbreaks are ravaging the country’s southern economic hub, causing the index to shrink 5.3 percent month-on-month in June.

The southern province of Dong Nai, a magnet for foreign investment, enjoyed a year-on-year rise of 7.54 percent in the index of industrial production (IIP) in the first half of 2021.

Long An province posted high growth in the first half of 2021 despite the negative impact of COVID-19, coming third amongst 13 Mekong Delta localities, according to the provincial People’s Committee.

Despite the positive business results in the first quarter of 2021, the beverage industry still has to face more challenges in the near future.

Ho Chi Minh City’s Index of Industrial Production (IIP) rose 7.4 percent year-on-year in the first five months of 2021, according to the municipal Department of Industry and Trade.

The Index of Industrial Production (IIP) in the southern province of Binh Phuoc increased 16.7 percent year-on-year in the first five months of 2021, according to the provincial Department of Statistics.

Ho Chi Minh City’s Index of Industrial Production (IIP) rose 9.7 percent year-on-year in the first four months of 2021, signalling a positive outlook for the local economy in the face of COVID-19, according to the municipal Department of Industry and Trade.