VOV.VN - Vietnam’s index of industrial production (IIP) in February fell by 2.2% month on month but rose by 17.2% year on year, the General Statistics Office (GSO) reported on March 6.

According to the General Statistics Office, the Industrial Production Index (IIP) increased by 7% in October.

The country's index of industrial production (IIP) is continuing its positive growth pace in July with an increase of 0.7% over June and 11.2% compared to the same period last year, according to the General Statistics Office (GSO).

Although electricity prices were increased twice in 2023, Vietnam Electricity (EVN) reported an after-tax loss of VND26.77 trillion (US$1.053 billion) on high electricity production costs, according to its audited financial report.

In an effort to address financial challenges faced by Vietnam Electricity (EVN), the Ministry of Industry and Trade (MoIT) has put forth a proposal to increase electricity prices in 2024.

VOV.VN - The Ministry of Industry and Trade (MoIT) will carefully consider all options to adjust electricity prices reasonably, said MoIT deputy minister Do Thang Hai referring to Electricity of Vietnam (EVN)’s proposal to hike retail electricity prices.

The index of industrial production (IIP) in the first 11 months of 2022 is estimated to increase by 8.6% year-on-year, doubling the 4.2% of the same period last year.

The PetroVietnam Gas Join Stock Corporation (PV Gas) on November 16 welcomed the first flow of gas from Field SV, part of a project on developing the offshore SV-DN gas field to the Nam Con Son 2 pipeline on the mainland.

Vietnam’s electricity output is forecast to rise to 950 billion kWh by 2045 to meet the growing demand for economic expansion.

The mining industry faced difficulties in the first eight months of this year due to being unable to enjoy tax and land rental incentives, said Nguyen Huu Quang, deputy head of the National Assembly's Committee on Finance and Budget.