Industrial production index rises 9.9 percent in seven months
The industrial production index in July grew by 11.3 percent over the same period last year, contributing to a year-on-year increase of 9.9 percent in the first seven months of this year.
Industrial production index expanded by 9.9 percent in January-July (Illustrative image. Photo: VOV/VNA)
The industrial production index in July grew by 11.3 percent over the same period last year, contributing to a year-on-year increase of 9.9 percent in the first seven months of this year, the General Statistics Office reported on July 29.
The northern province of Thai Nguyen took the lead with registered growth of 217.7 percent, followed by the central province of Quang Nam (31.2 percent) and the northern port city of Hai Phong (15.8 percent).
In the two biggest cities of Hanoi and Ho Chi Minh City, the industrial production index expanded by 7.1 percent and 6.5 percent respectively.
During the period, the country counted over 52,000 new start-up businesses registering 321.3 trillion VND (13.9 billion USD) in capital, a year-on-year rise of 22.7 percent and 22.4 percent respectively.
Businesses committed 686.5 trillion VND (31.48 billion USD) in total newly registered and supplemented capital to the local economy over the past seven months.
🌄 Start-up companies generated jobs for over 743,000 workers in January-July, a yearly increase of 18.2 percent.-VNA
Vietnam’s industrial production has shown a growing trend through the first six months of the year, posting a growth of 5.8 percent year on year for the entire period, a positive signal that the industry and the economy are on the road to recovery.
The processing and manufacturing industry is a highlight of the industry and trade sector in 2014 with a growth rate of 8.7 percent and an 11.1 percent increase in sales index, the Ministry of Industry and Trade (MOIT) reported on December 31.
Vietnam's industrial production index (IIP) saw relatively high growth in the first quarter of this year, according to the General Statistics Office (GSO).
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&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Industrial production index expanded by 9.9 percent in January-July (Illustrative image. Photo: VOV/VNA)
