The Mekong Delta province of Tien Giang saw a record yearly growth of 18 percent in industrial production value in the first half of this year, to nearly 51.1 trillion VND (2.245 billion USD), according to Director of the province’s Department of Industry and Trade Ngo Van Tuan.
Experts at a conference in Hanoi on June 25 stressed the need for measures to increase the efficiency of technology transfer of FDI businesses in Vietnam.
Some key industries of Hanoi have posted good economic growth since the beginning of 2018, contributing to a year-on-year rise of 7.8% in the local index of industrial production (IIP) between January and May.
As many as 40 percent of foreign direct investment (FDI) enterprises choose to use commercial arbitration in cases of disputes, rather than going to court, said Phan Trong Dat, Deputy Secretary General of the Vietnam International Arbitration Centre (VIAC).
Many Singaporean firms are interested in investing in the food industry, agriculture, and dining services in Vietnam as they forecast that these sectors will thrive in the near future amidst broader ASEAN integration.
Hanoi attracts US$109 million in foreign direct investment (FDI) in the first two months of 2018, it was reported at a meeting of the municipal People’s Committee and departments on February 27.
New Year 2018 had a better beginning than the same period in 2017, regarding some indicators, Prime Minister Nguyen Xuan Phuc has said at the Government meeting for January.
Hanoi looks to have over 80 key industrial products which will generate 33-35% of revenue from industrial production by 2020.
Strong growth in industrial production was the main motive for industrial expansion in 2017, Minister of Industry and Trade Tran Tuan Anh said at a conference in Hanoi on January 15.
The economy’s manufacturing and processing sector has broken its October growth record with a new record in November, giving the 11-month industrial production – and the whole-year growth target – a jolt.
Vietnam’s industry has gained significant achievements over the past decade with industrial production value increasing 3.5 times, contributing approximately 32% to the country’s GDP. However, the development pace has slowed in recent years.
A wide range of foreign contracts sign a bumper season for Vietnam Posts and Telecommunications Group (VNPT) in response to its overseas expansion plan.
A ground-breaking ceremony for a plant producing bicycles and automobile and motorcycle spare parts was held at Dai Dang industrial park in the southern province of Binh Duong on April 10.
VOV.VN -The Republic of Korea (ROK) is today one of the key aluminium producers in Asia with consumption primarily driven by demand in the Vietnamese and Chinese manufacturing sector, according to official studies.
HCM City will publish air and water quality indexes on 48 electronic screens across the city, starting later this month, according to the municipal Department of Natural Resources and Environment.
The national index of industrial production (IIP) rose by 0.7% in January 2017 compared to the same period last year, according to General Statistics Office data.
The Vietnam Textile and Garment Group (Vinatex) will mobilise VND5 trillion (US$242 million) for fibre, textile and garment development to boost this year’s production.
The northern province of Ha Nam has set a target of VND56.5 trillion (US$2.48 billion) in 2017 industrial production, a rise of 15.4% over 2016, heard a conference held by the provincial Department of Industry and Trade on January 5 to launch tasks for the new year.
Vietnam’s index of industrial production (IIP) rose by 7.5% this year, much lower than the 9.8% growth seen in 2015.
Hanoi enjoyed a 7.1% growth in industrial production this year compared to 2015, according to the municipal statistics office.