Vietnam and Mexico should consider the possibility for cooperation in and development of basic industries, especially metallurgy, mechanical engineering, and manufacturing and processing, Minister of Industry and Trade Nguyen Hong Dien has said.
Hanoi will develop selectively a number of key industries during the 2021-2025 period, focusing on the sectors and products using cutting-edge technologies and having high added values, a local official has said.
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.
The Ministry of Planning and Investment has proposed special policies for large State-owned enterprises (SOEs) to make them spearheads in key industries of the economy.
The November index of industrial production (IIP) in Ho Chi Minh City picked up 3.4 percent compared to the previous months, but the index for the January-November period fell 4.4 percent year on year.
Key industries like textiles, footwear, electronics, food and seafood processing must be prioritised for support in the “new normal” situation, said Truong Thanh Hoai, Director of the Industry Department under the Ministry of Industry and Trade (MoIT).
Ho Chi Minh City posted a year-on-year rise of 7.1 percent in the index of industrial production (IIP) in the first eight months of this year, but key industries have shown signs of slowing growth.
Ho Chi Minh City always attaches great importance to enhancing friendship and cooperation with Korean localities, including Gyeonggi province’s Ansan city, said Vice Chairman of the municipal People’s Council Pham Duc Hai.
Ho Chi Minh City has sustained expansion in industrial activities in 2018, thus recording an estimated 8.15-percent rise in the Index of Industrial Production (IIP) from last year.
The southern province of Ba Ria-Vung Tau ranked third among cities and provinces nationwide in FDI attraction with about 2.15 billion USD landing into local projects since the beginning of 2018.
A seminar was held in Can Tho city on July 25 to help enterprises in the Mekong Delta seize opportunities from the Comprehensive Partnership and Trans-Pacific Partnership (CPTPP) trade agreement and take advantage of the vast Chinese market.
Ho Chi Minh City posted 585 trillion VND (25.74 billion USD) in the Gross Regional Domestic Product (GRDP) in the first half of 2018, a growth of 7.76 percent from the same period last year, as heard
Some key industries of Hanoi have posted good economic growth since the beginning of 2018, contributing to a year-on-year rise of 7.8 percent in the local index of industrial production (IIP) between January and May.
Since the Law on Foreign Investment in Vietnam was passed over 30 years ago (1987-2018), the foreign direct investment (FDI) sector has become a major part of the national socio-economic development.
The northern province of Bac Giang will channel focus to promote the development of key industries like agro-forestry processing, electronics, garments, fertiliser, chemical and building materials with a view to becoming an industrial province in the future.
The Ministry of Industry and Trade (MoIT) on March 5 launched a 158 million USD energy project to help key industries and enterprises with energy saving.
Ho Chi Minh City’s Department of Industry and Trade (DoIT) will focus on improving the strength and efficiency of four key industries under the city’s stimulus package until the end of this year, said DoIT’s deputy director Nguyen Phuong Dong.
The HCM City People’s Committee and the HCM City Food and Foodstuff Association (FFA) have signed a co-operation programme to boost the development of the city’s food and foodstuff industry.
Ho Chi Minh City expects its gross domestic product (GDP) growth rate at 9.8 percent in 2015, according to the municipal Department of Planning and Investment.
Business
