Indonesia will continue exporting some raw minerals in 2024 in the context that domestic companies are rushing to finish smelters to process the metal ore, said Minister of Energy and Mineral Resources Arifin Tasrif.
Ho Chi Minh City’s Index of Industrial Production (IIP) in the first quarter of 2023 declined by 0.9% compared to the same period last year, the municipal Department of Industry and Trade reported at a press conference on April 3.
Global political and economic fluctuations in 2022 have affected import and export activities, especially those of enterprises operating in the wood manufacturing and processing industry, making them calculate each step in the year-end period to achieve the set targets.
Vietnam's annual fruit and vegetable output has reached 31 million tonnes, but processing rates are only around 12% to 17%. As a result, the processing industry only meets about 8% to 10% of the fruit and vegetable output's annual output.
Prime Minister Pham Minh Chinh on June 21 chaired a conference to announce the Master Plan and investment promotion programme for the Mekong Delta in the 2021-2030 period, with the theme "Mekong Delta: New thinking - New vision - New opportunities - New values”.
The National Private Economic Development Research Board and the Handicraft and Wood Industry Association of Ho Chi Minh City have launched an initiative to develop a chief information officer network for the wood and wood processing industry to foster its digital transformation.
Vietnam aims to be in the top 10 deep processing centres of the world by 2030. However, experts say if the Government’s solutions and policies are not implemented synchronously, this goal will be challenging.
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.
Processing industry contributed 86.27 percent to the total export revenue of the country in the first nine months of 2021, according to the Ministry of Industry and Trade.
The capital city of Hanoi has defined the development of processing industry as an optimal solution to improve the value of local farm produce and ensure supply of the products to the domestic market as well as for export.
Ho Chi Minh City will need about 127,000 - 147,000 workers from now to the end of this year, and the demand varies according to the COVID-19 situation, the city’s Human Resources Forecast and Labour Market Information (FALMI) Centre said on July 27.
The agriculture sector is set to earn 41 billion USD from export in 2021, according to Vu Ba Phu, head of the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade (MoIT).
Shipments of products from the processing industry brought in about 67.39 billion USD in the first quarter of this year, representing 87.13 percent of Vietnam’s total export value during the period.
Vietnam’s export turnover in the first quarter of 2021 shot up 22 percent to estimated 77.34 billion, with processing industry being the locomotive of the expansion, the Ministry of Industry and Trade has said.
Vietnam sustained an export growth rate of over 5 percent during the last 11 months, helping the trade surplus hit a record that almost doubled the figure in the same period of 2019.
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.
Besides its strength in industries, in recent years, the northern province of Vinh Phuc has maintained effective agricultural production with diverse farm produce and breeding products, requiring it to promote the agricultural product processing sector to enhance their value.
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