The index of industrial production (IIP) in April was estimated to increase by 3.6% month on month and by 0.5% over the same period last year, according to the General Statistics Office (GSO).
Policies are needed to boost the number of domestic enterprises participating in the supply chain of multinational companies, and a boost is necessary in the localisation rate of the processing and manufacturing industry, which now remain modest, insiders said.
The first quarter of 2023 saw a decline of 2.2% in the Index of Industrial Production (IIP) compared to the same period last year, due to the impact of the world economy's challenges on domestic production and business, according to the General Statistics Office (GSO).
The processing and manufacturing sector is attractive to foreign investment, but domestic supporting industries still need favourable mechanisms to develop, heard a workshop in Ho Chi Minh City on March 9.
Products of the processing and manufacturing industry of Vietnam now have great chances to enjoy stronger export to the UAE, which has high demand for imports.
Hanoi is set to become a globally-connected city with high living standards and quality of life, according to a new plan that aims to raise the Gross Regional Domestic Product (GRDP) per capita to 36,000 USD by 2045.
Hanoi recorded year-on-year growth of 8.89% in gross regional domestic product (GRDP) in 2022, higher than the target of 7 - 7.5%, according to the municipal Statistics Office.
The index of industrial production in the first 11 months of 2022 is estimated to increase by over 8% year-on-year, doubling the 4% of the same period last year.
Ho Chi Minh City licensed 807 foreign invested projects worth 3.54 billion USD in the first 11 months of this year, up 3.3% in value from a year earlier, according to the General Statistics Office.
Vietnam is becoming more well-known for its supporting and manufacturing industries, especially as the world needs to diversify supply chains due to the impact of the COVID-19 pandemic.
Foreign capital inflows fell whereas disbursed capital rose in the first 10 months of 2022, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Vietnam’s outbound investment, including both newly-registered and adjusted capital, exceeded 450 million USD in the first 10 months of this year, equivalent to nearly 70% of the figure recorded in the same period last year.
The index of industrial production (IIP) in the first eight months of 2022 surged 9.4% over the same period last year, according to the General Statistics Office (GSO).
Vietnamese enterprises currently have limited participation in the global supply chain, and are not deeply involved in the value chain of multinational corporations in Vietnam.
Up to 85% of firms have an optimistic outlook for the business environment in Q4, whereas 15% are pessimistic about the future, according to a survey conducted by the General Statistics Office (GSO).
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).
Vietnam’s Gross Domestic Product in the second quarter of this year was estimated to increase 7.72% year-on-year, higher than the growth rates in the same quarters during the 2011-2021 period, the General Statistics Office has reported.
Vietnam’s overseas investment reached over 211.45 million USD in the first quarter of 2022, equivalent to nearly 37 percent of that reported in the same period last year, according to the Ministry of Planning and Investment.
Exports were estimated at 240.52 billion USD by the end of the third quarter, rising 18.8 percent year on year, while imports stood at around 242.65 billion USD, resulting in a trade deficit of 2.13 billion USD.
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