Hanoi’s index of industrial production (IIP) during January-February rose 7.5 year-on-year. (Photo: VNA)
Hanoi (VNA) - Hanoi’s index of industrial production (IIP) duringJanuary-February rose 7.5 percent year-on-year, according to the municipalStatistics Office.
There were mixed fortunes across sectors, with processing and manufacturingwitnessing an increase of 7.8 percent, electricity distribution and production5.8 percent, and sewage disposal 5.7 percent, while mining fell 9.8 percent.
Most of theprocessing and manufacturing industries posted higher IIPs compared to the sametime in 2020, including electronic products, computers and optical products(37.7 percent), motor vehicles (17.5 percent), electrical equipment (16.5percent), and beverages (14.3 percent).
The IIP in February was down 23.2 percent against January and 11.4 percentyear-on-year due to the seven-day break for the traditional Lunar New Year(Tet) holiday.
The IIP in February is down 23.2 percent against January due to Tet holiday. (Photo: VNA)
Since production time was reduced by one-third, processing and manufacturing -responsible for a large proportion of domestic industrial production - reporteda year-on-year decline of 12.4 percent in its IIP while electricitydistribution and production, sewage disposal, and mining fell 13.9 percent, 1.6percent, and 21.6 percent, respectively.
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Politburo member and Secretary of Hanoi’s Party Committee Vuong Dinh Hue asked foreign hi-tech groups to consider investing in the city’s existing industrial zones, including the Hoa Lac Hi-Tech Park, while receiving representatives from FDI enterprises operating in the high technology industry on January 19.
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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.
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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.
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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.
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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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Hanoi’s index of industrial production (IIP) during January-February rose 7.5 year-on-year. (Photo: VNA) 
The IIP in February is down 23.2 percent against January due to Tet holiday. (Photo: VNA) 
