Workers’ average monthly income stood at 6.5 million VND (278 USD) in the first half of this year, respectively rising 5.3% and 11% from the same period of 2021 and 2020, statistics showed.
The added value of the industrial sector increased by 3.36 percent last year, higher than the average growth pace of the national economy, statistics show.
Market operation is a decisive factor for Vietnam if the country is to make full use of the advantages brought about by the EU-Vietnam Free Trade Agreement (EVFTA) and lure foreign investment effectively, experts say.
Vietnam ranked 42nd in the world and fifth among South and Southeast Asian nations in the 2018 Competitive Industrial Performance rankings of the United Nations Industrial Development Organisation.
Exports by domestic businesses in the first nine months of 2019 grew by 16.4 percent year on year, much faster than the pace seen in the foreign invested sector, statistics show.
The central city of Da Nang will continue to prioritise investment projects with advanced technologies and high added value in the future, said Huynh Lien Phuong, Director of the municipal Investment Promotion and Support Board.
The northern province of Ha Nam has been in the top 10 localities in foreign direct investment (FDI) attraction for years thanks to the province’s efforts to diversify investment promotion methods and seek investors, authorities have said.
The rate of land rental in the industrial parks (IPs) and industrial clusters in the southern province of Binh Duong has reached 80.8 percent and 70.6 percent, respectively.
The processing and manufacturing industry has been the most attractive sector for foreign investors this year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Ho Chi Minh City reeled in 1.28 billion USD in foreign direct investment (FDI) in the January-March period, 3.8 times higher than that the same period of 2017, via newly-licensed and added investments and share purchase.
Vietnam’s IPI in August grew 7.3 percent month on month and posted a 6.9 percent rise in the first eight months of 2016, lower than the 9.8 percent rate recorded in the same period last year.
The goods processing and manufacturing industry is expected to gain
ground and expand its workforce through the rest of 2015, according to a
labour market update released on July 20 by the Ministry of Labour,
Invalids and Social Affairs and the General Statistics Office.
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