With the launch of 17 wind power plants in late 2021, power production in the central province of Quang Tri has soared by nearly 95 percent since early this year, driving local industrial production growth by over 10 percent annually.
More than 100 businesses and 43 investors of industrial clusters and nearly 20 commercial banks participated in a conference on August 15 to connect local firms of Hanoi with commercial banks and the Hanoi Development Investment Fund (HANIF).
The index of industrial production (IIP) in July was estimated to increase by 1.6% over the previous month and by 11.2% over the same period last year, according to the General Statistics Office.
Standard Chartered has forecast Vietnam’s GDP growth at 10.8% in the third quarter and 3.9% in the last quarter of 2022, contributing to annual expansion of 6.7%.
The index of industrial production (IIP) in the first half of this year surged 8.48% over the same period last year, according to the General Statistics Office (GSO).
Strong recovery of the domestic market and consumption demand and continuous growth of Ho Chi Minh City’s industrial production are assessed as positive signs allowing businesses to expect a breakthrough in the rest of 2022.
The Executive Board of the International Monetary Fund (IMF) has highly valued Vietnam’s policy support to cushion the impact of COVID-19 in tandem with successful maintenance of fiscal, external, and financial stability and an impressive vaccination rollout.
Binh Phuoc, a province in the southern key economic region, recorded a trade surplus of nearly 700 million USD in first half of 2022, according to the provincial People’s Committee.
A trade promotion event connecting the Republic of Korea’s fundamental industrial manufacturing enterprises (PPURI Industry) and Vietnamese importers will be held online during July 4-8 by the Korea Trade and Investment Promotion Agency (KOTRA).
The Lianhe Zaobao daily in Hong Kong, China, on June 30 ran an article highlighting Vietnam’s impressive economic growth of 7.72% in the second quarter.
The southern province of Binh Duong’s gross regional domestic product (GRDP) grew 6.85 percent in the first six months against the same period last year.
Vietnamese authorities should be vigilant about inflation risks associated with the continuing rise in the price of fuel and imports, which may dampen the ongoing recovery of domestic demand, according to the World Bank's (WB) monthly report on Vietnam, released on June 13.
The World Bank (WB) released the June edition of its monthly Vietnam Macro Monitoring on June 13, highlighting that the economic recovery remained strong despite heightened global uncertainties.
The industrial production index posted a year-on-year rise of 8.3 percent in the first five months of 2022. Manufacturing and processing expanded 9.2 percent and phone components, which are the major industrial products in the reviewed period, surged 21.6 percent against the same period last year.
Cooperation opportunities between Hanoi’s businesses that offer main industrial products and Italian enterprises were highlighted at a conference in the capital city on June 7.
The southern province of Dong Nai recorded a trade surplus of nearly 2.9 billion USD in the first five months of 2022, the highest figure over the past two years, according to the provincial Office of Statistics.
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 targets set for 2022, including the growth target of 6-6.5 percent, remain a huge challenge given the domestic and international situation, Deputy Prime Minister Le Van Thanh said at the third session of the 15th National Assembly in Hanoi on May 23.
The index of industrial production in January - April period continued to flourish with a year-on-year increase of 7.5 percent, the General Statistics Office said.
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