According to the General Statistic Office, in the first 5 months of this year, the industrial production index of Vietnam increased over the same period in 2020 despite the complicated developments of the COVID-19 pandemic.
In the first 5 months of this year, the industrial production index of Vietnam increased over the same period in 2020 (Photo: VNA)
Hanoi (VNA) - According to theGeneral Statistic Office, in the first 5 months of this year, the industrial production indexof Vietnam increased over the same period in 2020 despite the complicated developments of the COVID-19 pandemic.
It reported that in May, the country’s industrial production saw an increase of 1.6 percentcompared to that in April and 11.6 percent over the same period in 2020despite the adverse impact of the pandemic, especially in IPs in Bac Giang and Bac Ninh.
Generally,in the first 5 months of 2021, industrial production increased by 9.9 percentover the same period last year; in which the processing and manufacturingindustry increased by 12.6 percent, electricity production and distribution 8.3 percent.
Markedhikes were recorded in such major industries as metal production (38 percent), motorisedvehicle production (35 percent), and rattanprocessing (18.3percent).
Meanwhile, someindustries recorded a decrease including crude oil and natural gas exploitation(11.5 percent); and print, copy records of all kinds (5.1 percent)./.
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The rapid suppression of the new COVID-19 outbreak in late January 2021 has helped maintain Vietnam’s positive outlook for economic recovery this year, the World Bank (WB) has said.
The southernmost province of Ca Mau saw a number of bright spots in its socio-economic development during the first quarter of this year, a conference held by the provincial Party Committee on April 1 heard.
The southern province of Binh Duong will concentrate on promoting infrastructure development and administrative reform, which are considered as two key pillars in creating breakthroughs in socio-economic development.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
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.
In the first 5 months of this year, the industrial production index of Vietnam increased over the same period in 2020 (Photo: VNA) 
