According to the General Statistics Office (GSO), industrial production continues its positive growth pace. The index of industrial production (IIP) in the first four months of 2024 expanded by 6 per cent against that in the same period of 2023.
Việt Nam’s industry sector has seen continuous recovery with the index of industrial production (IIP) expanding 6.0 per cent year-on-year in the first four months of this year, according to the Ministry of Industry and Trade (MoIT).
Vietnamese enterprises and authorities are taking action right from the start of 2024 to promote industrial production though many challenges remain in the global economy.
In order to remove the difficulties as well as achieve the socio-economic development targets in 2023, GSO has proposed that the Government focuses on implementing solutions to maintain macroeconomic stability and proactive, flexible and efficient monetary policy in coordination with...
Viet Nam''s index of industrial production (IIP) in February increased 5.1 per cent month-on-month and 3.6 per cent year-on-year, according to the General Statistics Office (GSO).
The GSO attributed the IIP reduction to the Lunar New Year (Tet) holiday which fell in January. Due to the Tet holiday, the number of working days in January was 8-10 days fewer than December and January 2022.
In the first 11 months of 2022, the IIP was estimated to soar by 8.6 per cent on year, much higher than that of 4.2 per cent in the first 11 months of 2021.
Viet Nam''s index of industrial production (IIP) in the first 10 months of 2022 surged 9 per cent on year, according to the General Statistics Office (GSO).
The IIP in the second quarter also saw a positive increase of 9.87 per cent year-on-year as many industrial firms have resumed and recovered their business activities, the GSO said.
The IIP in May also surged 4 per cent month-on-month and 10.4 per cent year-on-year, the GSO said, adding that the processing and manufacturing industry saw a yearly IIP rise of 12 per cent.
The Ministry of Industry and Trade (MoIT) is carrying out procedures for infrastructure investment for two centres facilitating industrial development in the northern and southern regions, according to the ministry''s Industry Agency.
The positive rise, which was much higher than 6.44 per cent seen in Q1/2021, contributed 2.42 percentage points to the whole economy''s growth in Q1/2022.