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.
Customers go shopping at a supermarket in Ho Chi Minh City. (Photo: SGGP)

HCMC’s economy in recovery

The report of the Department of Industry and Trade of Ho Chi Minh City on the situation of industrial production and commercial activities in the city in the first eight months of this year has shown many bright spots with basic indexes of industry, retail sales, and exports all making increases, although the increases were not as high as those in the same period of previous years.
The electricity generation and distribution sector sees a strong increase in the number of newly-established enterprises. (Photo: SGGP)

Newly registered capital in August increases by 20.7 percent

The Covid-19 pandemic recurred at the end of July, causing industrial production in August this year to continue to face difficulties, the General Statistics Office of Vietnam said in the August report, released on August 29. Meanwhile, the situation of the pandemic did not seem to affect too heavily the sentiment of the business community as the number of newly-established enterprises in August still rose by 1.5 percent with registered capital increasing by 20.7 percent compared to last month.
The wood and wooden product processing industry has a high inventory in the first six months of this year. (Photo: SGGP)

Enterprises suffer high inventory

Although business activities of Vietnamese enterprises have been recovered rapidly as the country has controlled well the Covid-19 pandemic for more than two months, according to a report released on July 10 by the Ministry of Industry and Trade (MoIT), the inventory of goods of Vietnamese enterprises is extremely high.
HCMC’s industrial production grows 1.18 percent

HCMC’s industrial production grows 1.18 percent

The Department of Industry and Trade of Ho Chi Minh City said that in the first six months of this year, the city's industrial production index (IIP) still maintained a good growth rate, an estimated increase of 1.8 percent increase over the same period last year with four key industries, including electronics manufacturing, food, foodstuff, and beverage processing, chemicals, rubber, and plastic, and mechanics, estimated to increase by 2 percent.
HCMC miraculously posts positive growth in first six months

HCMC miraculously posts positive growth in first six months

Amid several difficulties due to the Covid-19 pandemic and decreasing oil price that have caused many countries to fall into a crisis, the fact that Ho Chi Minh City still managed to post positive economic growth in the first six months of this year is a miracle, said Mr. Huynh Van Hung, Director of the Department of Statistics of HCMC, at a press conference to announce the city’s socio-economic data in the first six months of this year.