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).
Foreign direct investment in the wood processing industry has increased rapidly, especially since 2018, the Vietnam Timber and Forest Product Association has said.
Foreign direct investment in the wood processing industry has increased rapidly, especially since 2018, the Vietnam Timber and Forest Product Association has said.
Indonesia, having the sixth-largest bauxite reserves in the world, sees the potential of bauxite downstream could reach 13 billion USD next year from the current 9 billion USD.
More than 200 domestic and foreign businesses are expected to take part in an investment promotion seminar for the food processing industry in Ho Chi Minh City on November 14.
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.
Prime Minister Nguyen Xuan Phuc emphasized the need to facilitate the development of the mechanical engineering industry while addressing a conference in Hanoi on September 24.
Vietnam’s agro-forestry and fishery processing industry has bright prospects in both export and domestic markets, but needs further measures to tap its potential, according to the Agro Processing and Market Development Authority.
The United States (US) is a leading important market of the Vietnamese wood processing industry, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan affirmed at the Southeast Asia Convention held by the American Hardwood Export Council (AHEC) in Hanoi on June 25.
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 trade ministry said the export of agro-forestry-fishery products faced numerous difficulties in the first months of 2019 due to oversupply and declines in some commodities' prices.
Prime Minister Nguyen Xuan Phuc on March 28 issued a Directive on measures to achieve rapid and sustainable development of the wood and non-wood forest product processing industry to serve exports.
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).
Vietnamese and Japanese experts gathered at a seminar held in the Mekong Delta city of Can Tho on December 20, discussing measures to develop the food processing industry in Vietnam.
With its annual stable growth rate of about 10 percent, the country’s young population with increasing income and a trend to consume ready-to-eat food, especially organic, the food processing industry offers many opportunities for investors.
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