Businesses are bearing severe impacts from COVID-19 developments and social distancing campaigns.
VOV.VN - Vietnam’s index of industrial production saw a decrease of 4.2% in August compared to July, and a 7.4% drop year on year due to the negative impact of the COVID-19 pandemic.
Despite struggling to cope with a COVID-19 resurgence, Ho Chi Minh City managed to achieve positive economic growth in the first seven months of the year, according to the city Statistics Office.
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.
Vietnam’s growth prospects will depend on how well and how quickly the authorities will bring the new coronavirus outbreak under control and how quickly international and national vaccinations will proceed, according to the World Bank (WB).
January’s industrial production index in HCM City picked up 34.5% year-on-year as businesses stepped up operations in preparation for the approaching Tet (Lunar New Year) holiday.
HCM City’s industrial production index (IPI) from January to October declined 4.7% from the same period last year in the wake of COVID-19, according to the municipal Department of Industry and Trade.
The index of industrial production (IIP) in October increased 3.6% from the previous month and 5.4% against the same period last year, reported the Ministry of Industry and Trade.
Manufacturing sector returned to growth in September as concerns around the outbreak of the COVID-19 pandemic in the country eased. Both output and new orders increased, while business confidence strengthened, and the rate of job cuts softened.
VOV.VN - The industrial production index has risen only 2.2% during the first eight months due to the COVID-19 pandemic, recording the lowest growth over the past eight years, according to figures recently released by the General Statistics Office.