The nine-day Lunar New Year holiday made February’s index of industrial production (IIP) down 16.8 percent against the previous month, according to the General Statistics Office (GSO).
Vietnam’s industrial production index (IIP) in January expanded 7.9 percent year-on-year, much lower than the growth rate of 22.1 percent the same time last year
Vietnam’s industrial production index (IIP) in January expanded 7.9 percent year-on-year, much lower than the growth rate of 22.1 percent the same time last year, according to the General Statistics Office (GSO).
The southern province of Binh Duong targets an export growth of 15.5 percent this year, according to Director of the provincial Department of Industry and Trade Nguyen Van Danh.
The Ministry of Industry and Trade sees supporting the manufacturing and processing industry as the key to boosting socio-economic development this year.
Hanoi will focus on developing industrial clusters as a measure to stimulate industrial production, as most local industrial parks have been filled, resulting in a growth slowdown in the industrial sector.
Vietnam’s industrial production index (IPI) rose 11.2 percent on-year in the first eight months of 2018, the General Statistics Office (GSO) has announced.
The industrial production index of 20 southern provinces increased by 9.81 percent in the first seven months of this year, according to the Ministry of Industry and Trade.
Ho Chi Minh City continued recording economic growth in July and the first seven months of 2018, with the economic structure shifting strongly, the municipal People’s Committee reported.
Vietnam has recorded robust socio-economic development in the first seven months of the year, with stable macro-economy, and good control over inflation, in the context of the escalating US-China trade war, said Minister-Chairman of the Government’s Office Mai Tien Dung.
Apart from impressive growth of industrial production index, trade and service activities in the seven months of this year were fairly active as local spending grew.
Prime Minister Nguyen Xuan Phuc commended the central province of Ha Tinh for its good growth and high disbursement of public investment capital in the first half of the year, telling it to strive for self-financing.
The southern province of Binh Duong recorded a year-on-year growth rate of 7 percent in gross regional domestic product (GRDP) between January and June, according to the provincial People’s Committee.
Prime Minister Nguyen Xuan Phuc directed not increasing electricity prices this year, as one of measures to control inflation below 4 percent as assigned by the National Assembly, during a monthly government meeting in Hanoi on June 2.
Ho Chi Minh City’s industrial production index tended to stall, up only 6.07 percent in the four months this year compared to 7.09 percent one year earlier.
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.
Business
