Vietnamplus

The national index of industrial production (IIP) increased 7.9 percent year-on-year in the first seven months of this year, according to the General Statistics Office.

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.

Industrial activities have continued bearing the brunt of the COVID-19 pandemic, resulting in mere growth rates of 1.8 percent month on month and 2.2 percent year on year in the July index of industrial production (IIP) - the slowest pace in seven months.

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.

Despite difficulties posed by COVID-19, the industrial production value, excluding oil and gas, of the southern province of Ba Ria-Vung Tau was estimated to increase 8.44 percent in the first half of this year compared to the 6.47 percent growth in the same period last year.

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.

The industrial production in the Mekong Delta province of Tien Giang grew by 1.13 percent to over 32.86 trillion VND (1.42 billion USD) in the first half of 2021, according to deputy head of the provincial Industrial Zones Authority Nguyen Thanh Liem.

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

Vietnam needs to pay special attention to promoting development of industrial production and retail as both sectors may continue to be affected by COVID-19 outbreaks, according to the World Bank (WB).

Industrial and trading activities of Vietnam have sustained their growth trend although the COVID-19 resurgence has hit some provinces and cities with large industrial parks, Deputy Minister of Industry and Trade Do Thang Hai said on June 17.

Despite impacts of the COVID-19 pandemic, industrial production in the Mekong Delta province of Long An still maintains a positive growth, according to the provincial Department of Industry and Trade.

Despite the complexity of the fourth COVID-19 wave, Vietnam’s GDP growth is forecast to exceed 6.5 percent this year on the back of surging industrial production and global economic recovery, according to Assoc. Prof. and PhD Dinh Trong Thinh, a senior economist from the Academy of Finance.

Vietnam's industrial production in the first five months of this year increased by 9.9% year on year, in which manufacturing and processing increased 12.6% while the mining industry decreased by nearly 7%.

In the first five months of the year, the Mekong city of Can Tho achieved impressive growth in industrial production, retail sales and tourism despite the effects of COVID-19.

The industrial production value of the Mekong Delta province of Kien Giang reached over 20.4 trillion VND in the last five months, up 7.4 percent from the same period last year.

According to the General Statistic Office, in the first 5 months of this year, the industrial production index of Vietnam increased over the same period in 2020 despite the complicated developments of the COVID-19 pandemic.