Industrial production

Illustrative image (Photo: VNA) HCM City (VNA) – Ho Chi Minh City’s industrial production index in the first nine months of this year expanded 7.26 percent year-on-year, the municipal Department of Industry and Trade reported on October 1. However, four major industrial sectors, comprising manufacturing engineering, electronics, chemicals-rubber-plastics and food processing, increased only 6.1 percent, lower than 8.39 percent recorded in the same period last year. Experts said the fierce competition with foreign partners, along with impacts of the African swine fever have adversely affected the production of the country in general and HCM City in particular. The country’s largest economic hub aims to achieve a growth of 8.3-8.5 percent and have 46,200 new enterprises in 2019. It also targets administrative reform, e-governance, improvement in public administration, creation of a healthy business environment, innovation and start-up encouragement, and mitigation … [Read more...] about HCM City’s industrial production index up 7.26 percent

Vietnam’s industrial production in the first nine months of this year rose by 9.6 percent year on year. (Photo: tinnhanhchungkhoan.vn) Hanoi (VNS/VNA) – Vietnam’s industrial production in the first nine months of this year rose by 9.6 percent year on year, a four-year record, according to the General Statistics Office (GSO). The manufacturing and processing sector led the industry sector and the whole economy with an expansion of 11.4 percent, while mining grew slightly by 2.7 percent after months of reduction. Head of the GSO’s Industrial Statistics Department Pham Dinh Thuy said Vietnam’s manufacturing and processing sector had the highest growth rate among ASEAN nations. “The domestic manufacturing and processing industry grew steadily over quarters, including 11.5 percent, 10.9 percent and 11.7 percent in the first, second and third quarters, respectively, ”Thuy said. Among industries, several sectors recorded year-on-year growth, … [Read more...] about Vietnam’s industrial production hits four-year high

Illustrative image (Photo: VNA)   Dak Lak (VNA) – The Central Highlands province of Dak Lak’s industrial production value has surpassed 10.76 trillion VND (467.8 million USD) since early this year, or 65.21 percent of the 2019 target and up 4.87 percent annually. Specifically, the mining sector recorded 180 billion VND, up 9.3 percent year-on-year; the manufacturing and processing, over 8.2 trillion VND, up 1.8 percent; production and electrical and water supply, more than 2.37 trillion VND, up 2.33 percent. The growth was a result of improved capacity at Hoa Phu industrial park, the operation of five solar power plants and water supply projects in Ea Na commune, Krong Ana district./. VNA … [Read more...] about Dak Lak’s industrial production up 4.87 percent

Illustrative image (Source: VNA) Hanoi (VNA) – Industrial production value of the northern province of Hai Duong hit 174.6 trillion VND (over 7.5 billion USD) in the first nine months of 2019, equivalent to 84.1 percent of the plan set for the year, and up 12.3 percent against that of the same period last year. Sectors that saw stable growth in the reviewed period are production of ignition kit and engine wire (32.9 percent), footwear (20.3 percent), electricity production (20.2 percent), electronic integrated circuit (15.7 percent), and garment and textiles (13 percent). With remarkable socio-economic achievements, Hai Duong province has become an economic spotlight in the Red River Delta and the northern key economic region. In the first half of this year, the provincial economy grew about 7.2 percent. The industry and construction sector expanded 10.1 percent. Besides, foreign investment attraction in Hai Duong province saw an increase. Statistics from the … [Read more...] about Hai Duong’s industrial production value rises 12.3 percent

Illustrative image (Photo: VNA) Hanoi (VNA) – Hanoi is striving to have 100 key industrial products in the near future, according to Deputy Director of the municipal Department of Industry and Trade Dam Tien Thang. During a conference held in the capital city on October 9, Thang said revenue from key industrial products reached 46 trillion VND (2 billion USD), accounting for about 43 percent of the total industrial production revenue while their exports hit 11.61 trillion VND. Last year, Hanoi recognised 61 key industrial products and top 10 ones. The total revenue from the 61 products reached 40 trillion VND, up 28.4 percent annually, making up 32.5 percent of the total industrial production. Exports surged 74 percent to upwards 10 trillion VND. Since early this year, 31 firms with 40 products have registered for key industrial production recognition. Their revenues are estimated at 6 trillion VND and exports at 1.6 trillion VND. Le Hong Thang, director of the department, … [Read more...] about Hanoi to have 100 key industrial products