Recovering in Q1, accelerating in Q2: Positive economic figures

Recovering in Q1, accelerating in Q2: Positive economic figures

By the end of the first quarter of 2022, industrial production in Ho Chi Minh City has prospered, with the added value of the whole industry increasing by 5.5 percent. Along with that, export turnover of goods is estimated at nearly US$11.9 billion, up 3.5 percent; foreign direct investment capital reaches nearly VND10 trillion. This shows that HCMC's economic growth is recovering strongly.
Industrial production increases sharply in first two months of 2022

Industrial production increases sharply in first two months of 2022

According to research by Savills Vietnam, Vietnam's industrial production in the first two months of 2022 increased by 8.4 percent over the same period last year. The growth rate improved sharply in February compared to the previous month.
CPI, industrial production prosper over same period of 2020

CPI, industrial production prosper over same period of 2020

The General Statistics Office of Vietnam yesterday said that the consumer price index (CPI) in October 2021 dropped 0.2 percent compared to the previous month but increased 1.67 percent over December 2020 showing a downtrend over the previous years.
The processing and manufacturing industry rose by 10.4 percent, contributing 8 percentage points to the general growth. (Photo: SGGP)

Industrial production still increases 7.4 percent in first two months

The General Statistics Office of Vietnam (GSO) has just said that thanks to a fairly high increase in industrial production in January this year compared to January last year, the index of industrial production (IIP) in the first two months of this year still rallied 7.4 percent year-on-year.
Egg packaging line at Ba Huan Joint Stock Company. (Photo: SGGP)

Government needs to be more drastic to save businesses

Nearly 93,500 enterprises have had to leave the market since the beginning of this year, an increase of 15.6 percent over the same period last year. The Covid-19 pandemic has developed complicatedly and has been negatively affecting the production of domestic enterprises.
Mr. Nguyen Thanh Phong, Chairman of the People's Committee of Ho Chi Minh City, speaks at the meeting. (Photo: SGGP)

HCMC creates favorable conditions for enterprises to recover, develop

Mr. Nguyen Thanh Phong, member of the Central Party Committee, Chairman of the People's Committee of Ho Chi Minh City, on November 3 chaired a meeting on economic, cultural, and social situation and national defense and security in October and the first ten months of the year, and deploy missions and solutions for November.
Customers go shopping at a supply-demand connection program between Ho Chi Minh City and other cities and provinces in 2020. (Photo: SGGP)

Enterprises feel concern about weak purchasing power

The purchasing power in the market has shown signs of improvement, but in general, it remains extremely weak. Especially in markets, purchasing power is significantly decreasing. The situation that small traders hand back their stalls or stop their business to avoid taxes and fees has commonly happened.
Structure of economic sectors continues to evolve positively

Structure of economic sectors continues to evolve positively

The Government has just released a report to the National Assembly on a five-year economic reform review. In which, the Government stated that the structure of the economic sectors continued to have positive changes and in the right direction; the proportion of processing, manufacturing, and high-tech industries increased; the investment and business environment improved.