Index of Industrial Production rises 10.4 percent in 10 months
Vietnam’s Index of Industrial Production (IIP) scored growth of 10.4 percent in the first ten months of 2018, compared to the growth of 9.6 percent in the same period last year.
The Index of Industrial Production grew by 10.4 percent in the first ten months of 2018 (Photo: VNA)
Hanoi (VNA) – Vietnam’s Index of IndustrialProduction (IIP) scored growth of 10.4 percent in the first ten months of 2018,compared to the growth of 9.6 percent in the same period last year.
The processing and manufacturing sector, which accountsfor three-quarters of the entire industry, saw an expansion of 12.7 percentyear-on-year, contributing 9.8 percentage points to the industry’s growth,according to the General Statistics Office.
Electricity production and distribution increased 9.6percent, contributing 0.9 percentagepoints, while water supply and waste treatment rose by 6.6 percent,contributing 0.1 percentage point.
The miningsector witnessed a decline in production, down 2.6 percent which caused a fallof 0.4 percentage point to the industry’s growth.
The country’s IIPexperienced a growth of 9.4 percent in 2017, well above the growth of 7.4 percent in the previous year.The impressive growth was fuelled by the processing and manufacturing industry,which rose by 14.5 percent year-on-year, the highest rate over the past sixyears.
Among the key industrial products withhigh IIP increases in 2017, there was raw steel and iron (32 percent), televisionsets (31 percent), fabric (12.6 percent), and urea (10.4 percent).–VNA
Vietnam’s industrial production index (IPI) rose 11.2 percent on-year in the first eight months of 2018, the General Statistics Office (GSO) has announced.
Vietnam’s mechanical engineering industry is lagging far behind the world, meaning the Government and businesses must renovate to keep up with the fast-moving technological revolution, heard a workshop.
Ho Chi Minh City’s Index of Industrial Production (IIP) enjoyed a year-on-year rise of 7.89 percent in the first nine months of 2018, according to the municipal Statistics Office.
Ho Chi Minh City enjoyed robust industrial growth in the first nine months of the year thanks to improvements in its business climate, the municipal Department of Industry and Trade (DoIT) said on October 11.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
The Index of Industrial Production grew by 10.4 percent in the first ten months of 2018 (Photo: VNA) 
