The industrial production and trade of Hanoi has been on a recovery trend from the beginning of the year, driven by the capital city’s policies of reopening business activities after months of closing down to fight the pandemic.
The northern coastal province of Quang Ninh has given top priority to develop the manufacturing and processing industry, making it one of the three key pillars in the industry sector.
Many enterprises in the manufacturing and processing industry are optimistic about the outlook for the second quarter of 2020, according to a survey conducted by the General Statistics Office (GSO).
The manufacturing and processing industry drove economic growth in 2019 with production volume increasing 11.29 percent over the previous year, according to the General Statistics Office (GSO).
Vietnam’s GDP expanded 6.98 percent in the January-September period, the highest nine-month growth rate over the past nine years, said General Director of the General Statistics Office (GSO) Nguyen Bich Lam on September 28.
The industrial production index (IIP) for the first four months of this year increased by an estimated 9.2 percent year on year, according to the General Statistics Office (GSO).
The Ministry of Industry and Trade sees supporting the manufacturing and processing industry as the key to boosting socio-economic development this year.
Most firms in the manufacturing and processing industry were optimistic about their production and business activities for the first quarter of 2019, according to a survey by the General Statistics Office (GSO).
Industry is forecast to lead all sectors in terms of growth at 6.87 percent each in the first quarter of 2018, according to the National Centre for Socio-Economic Information and Forecast (NCIF).
Vietnam’s manufacturing and processing industry attracted 12,075 foreign-invested projects with a total registered capital of 180.68 billion USD as of late June.
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