HCM City’s industrial production grows 8.15 percent this year
Ho Chi Minh City has sustained expansion in industrial activities in 2018, thus recording an estimated 8.15-percent rise in the Index of Industrial Production (IIP) from last year.
An electronic component factory of the Japanese-invested Nidec Sankyo Vietnam Co. Ltd in the Saigon Hi-tech Park, HCM City (Photo: VNA)
HCM City (VNA) – Ho Chi MinhCity has sustained expansion in industrial activities in 2018, thus recordingan estimated 8.15-percent rise in the Index of Industrial Production (IIP) fromlast year.
The municipal Department of Industry andTrade released the figure at a meeting on December 27, noting that the IIPgrowth rate met the target of 8 – 8.5 percent set for this year.
It said the city aims at an IIP pace of 8 –8.2 percent for 2019, with the figure in the four key industries (mechanics;food processing; chemicals, plastics and rubber; and electronics andinformation technology) targeted at 8.2 – 8.4 percent.
Meanwhile, goods retail sales and servicesrevenue surpassed 1.04 quadrillion VND (44.72 billion USD) this year, up 13.2percent from the previous year.
HCM City looks to raise this figure by 12percent in 2019, helping to boost the total goods retail sales and servicesrevenue to nearly 1.12 quadrillion VND by 2020.
To that end, the Industry and TradeDepartment will work more closely with local business associations and relevantagencies to build cooperation plans for 2019 and 2020. It will adviseauthorities about support policies for key industrial products to serve as thedriving force for the whole industrial sector.
Notably, the department will focus onsolutions relating to space for business and production activities, capitalaccess, science-technology, manpower training, trade promotion and brandbuilding, said Director of the department Pham Thanh Kien.
Regarding the wholesale and retail salemarket development, the department will push on with the supply-demandconnection programme between HCM City and other localities. More optimalconditions will be created for local enterprises to expand production anddistribution activities.
The programme to ensure stable prices andsupply-demand balance will also continue, while businesses will be encouragedto improve product quality, Kien said. –VNA
A conference on supply – demand connectivity between Ho Chi Minh City and localities in the Eastwest and Southwest regions was held in the Mekong Delta province of Ben Tre on November 22.
The HCM City Department of Science and Technology has been trying to commercialise research outcomes by linking demand and supply, investing to bring technologies to the market and helping register intellectual property rights.
A Ho Chi Minh City leader has expressed his hope that Japanese businesses will continue to see the city as an attractive investment destination that brings interests to both sides.
The Mekong Delta provinces and Ho Chi Minh City signed an agreement on supply-demand connectivity and market stabilisation for 2019 during a conference in Long An province on December 19.
The HCM City Department of Trade and Industry has launched a new programme called “Promotion of Vietnamese Goods” to support farmers’ produce, including vegetables, fruits, poultry, meat and seafood.
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.
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&.
An electronic component factory of the Japanese-invested Nidec Sankyo Vietnam Co. Ltd in the Saigon Hi-tech Park, HCM City (Photo: VNA) 
