Industrial production gains stable growth in seven months
The index of industrial production (IIP) rose by 9.4 percent year-on-year in the first seven months of this year, according to the General Statistics Office (GSO).
A graphic shows the nation's industrial production in the January-July period (Photo: VNA)
Hanoi (VNA) –💫 The index of industrial production (IIP) rose by 9.4 percentyear-on-year in the first seven months of this year, according to the GeneralStatistics Office (GSO).
GSO statisticianssaid the nation’s IIP ensured a stable growth of more than 9 percentrecorded since the beginning of this year.
The processing andmanufacturing sector, which accounts for nearly 80 percent of domesticindustrial production, reported a significant IIP increase of 10.7 percent – ahighlight that led the growth of the whole sector, they said.
Meanwhile, the IIP growth of electricity production and distribution stood at 10percent and that of water supply and waste treatment sector and mining sectorreached 7.6 percent and 1.1 percent, respectively.
Industries achieving high production growth in the reviewed period includedcoke coal and refined mining products (48 percent), metal (40 percent), oreexploitation (17 percent), rubber and plastic production (16 percent) and motorvehicles (12 percent).
💞 Some major industrial products with a strong IIP increase such as crude ironand steel (57 percent), petroleum (45 percent), television (24 percent), and liquefiedpetroleum gas (17 percent).
As of July 1, 2019,the number of labourers working for industrial enterprises nationwide marked amonth-on-month rise of 1.3 percent and a year-on-year hike of 2 percent,according to the GSO. Nikkei and IHS Markitsaid in the latest survey that Vietnam’s manufacturing production rosesharply in July. According to thesurvey, the Vietnam Manufacturing Purchasing Managers' index (PMI) ticked up to52.6 in July from 52.5 in June, signalling a further monthly improvement inbusiness conditions.-VNA
Vietnam’s index of industrial production index (IIP) in May expanded 4.6 percent against the previous month and 10 percent year-on-year, the General Statistics Office said on May 29.
Vietnam’s index of industrial production (IIP) recorded a year-on-year rise of 9.13 percent in the first six months of this year, according to the General Statistics Office (GSO)’s latest report.
Ho Chi Minh City’s Index of Industrial Production (IIP) in the first six months of the year expanded 7 percent from the same time last year, propped up by high growth of the processing sector.
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&.
A graphic shows the nation's industrial production in the January-July period (Photo: VNA) 
