Industrial production index rises 8.3 per cent in ten months

The Industrial Production Index in October increased by 7 per cent, pushing the increase in the first 10 months to 8.3 per cent, compared to the same time last year.
Electronics components are produced at a Canon factory in the northern provinc of Hưng Yên. — VNA/VNS Photo
Electronics components are produced at a Canon factory in the northern provinc of Hưng Yên. — VNA/VNS Photo

HÀ NỘI — According to the General Statistics Office, the Industrial Production Index (IIP) increased by 7 per cent in October.

Over the first ten months, this index grew by 8.3 per cent year-on-year. The manufacturing and processing industry, the electricity production and distribution sector and the water supply sector all posted high growth rates, at 9.6 per cent, 10.3 per cent and 9.5 per cent, respectively. In contrast, the mining sector saw a decline of 7.2 per cent.

Several key industries also recorded impressive growth rates compared to the same period last year. Rubber and plastic products rose by 26.3 per cent, furniture production increased by 24.8 per cent, energy grew by 16 per cent, chemicals by 14.6 per cent and automotive production by 14 per cent.

Conversely, oil and gas extraction decreased by 11.8 per cent, the coal sector dropped by 5.9 per cent, and machinery and equipment repair declined by 3.9 per cent.

The IIP over 10 months also showed notable variation across localities, with 59 out of 63 provinces recording increases.

Lai Châu, Phú Thọ and Bắc Giang provinces reported exceptional growth in the manufacturing and processing industries. Meanwhile, Khánh Hòa, Điện Biên and Cao Bằng saw strong growth in electricity production and distribution.

Source: VNS

See also

Việt Nam resumes nuclear power project amid rising energy demands

Việt Nam resumes nuclear power project amid rising energy demands

Vietnamese law-markers have approved the plan to resume the nuclear power project in the south – central province of Ninh Thuận after eight years of pause in an effort to ensure energy security while meeting Net Zero goal.
Việt Nam

Việt Nam's supporting industry for electronics needs more support

In addition to the efforts of enterprises, Việt Nam's supporting industry for electronics production needs many helpful policies from the State to promote its development.
Vietnam’s automotive industry seizes golden opportunities from global supply chain

Vietnam’s automotive industry seizes golden opportunities from global supply chain

(VEN) - In recent years, Vietnam’s automotive industry has experienced positive growth, aiming not only to meet domestic demand, but also to establish its position in the international market.
Rubber industry adaptive to EU Deforestation Regulation

Rubber industry adaptive to EU Deforestation Regulation

Hanoi - Vietnam's rubber sector in general, and processing and export enterprises in particular have taken actions to comply with the EU’s Deforestation Regulation (EUDR) in order to avoid any impact on rubber exports to the EU market.
Localities prioritize supporting industry development

Localities prioritize supporting industry development

(VEN) - Supporting industries play a crucial role in the economy, helping create added value and enhance the competitiveness of key industrial products, contributing to accelerating national industrialization and modernization.
Reviving nuclear power programme believed a correct policy

Reviving nuclear power programme believed a correct policy

HÀ NỘI — Many experts in the field of nuclear energy believe that reviving the development of nuclear power is a correct policy.

See more news

Viet Nam to restart Ninh Thuan nuclear power project

Viet Nam to restart Ninh Thuan nuclear power project

The National Assembly approved the Government's proposal to restart the Ninh Thuan nuclear power project at its 8th working session on November 30.
Wood industry aims at US$16 billion in export earnings this year

Wood industry aims at US$16 billion in export earnings this year

The wood industry of Vietnam is likely to rake in US$16 billion from exports this year, far exceeding the initial target of US$14.2 billion set by the Ministry of Agriculture and Rural Development.
Ministry proposes incentives for automobile industry to be extended to the end of 2027

Ministry proposes incentives for automobile industry to be extended to the end of 2027

HÀ NỘI — The Ministry of Finance has proposed the tax incentives for the automobile part-supplying industry to be extended to December 31, 2027 instead of the end of this year to promote the development of the domestic automobile industry.
Chinese corporation interested in waste-to-energy plant in Can Tho

Chinese corporation interested in waste-to-energy plant in Can Tho

Can Tho – Deputy Director of the Department of Industry and Trade of Can Tho city Huynh Thanh Su had a working session on November 28 with representatives from the China Gezhouba Group Corporation (CGGC), a member of the China Energy Engineering Group Co., Ltd. (CEEC), to discuss a proposal for cooperation in developing a waste-to-energy plant in the Mekong Delta locality.
Cinnamon industry seeks to take advantage of trade deal to expand exports to the UK

Cinnamon industry seeks to take advantage of trade deal to expand exports to the UK

According to the Việt Nam Pepper and Spice Association (VPSA), Việt Nam is the world’s largest cinnamon producer with a total plantation area of 180,000 ha and has become the world’s largest exporter of cinnamon products since 2021.
HCM City: Strong leap into semiconductor industry

HCM City: Strong leap into semiconductor industry

(VEN) - Ho Chi Minh (HCM) City aims to become a smart city by 2030, identifying the semiconductor industry as the core in the Fourth Industrial Revolution.
Nam Định to build two new industrial clusters

Nam Định to build two new industrial clusters

Nam Định is expected to have 54 industrial clusters covering a total area of about 5,969 hectares by 2030.
Vietnam seeks Danish assistance in green energy development

Vietnam seeks Danish assistance in green energy development

Deputy Prime Minister Tran Hong Ha emphasized Vietnam’s desire for Danish firms to increase investments in green energy development during his meetings with leaders of Denmark’s leading corporations and the Confederation of Danish Industry (DI) as part of his working tip to Denmark on November 25.
Huge potential for VN, UK to boost cooperation in clean energy

Huge potential for VN, UK to boost cooperation in clean energy

There is a huge potential for Việt Nam and the UK to enhance cooperation in clean energy, as both countries have set ambitious goals for carbon neutrality moving towards a sustainable future, experts have said.
Vietnam’s automotive supporting industry: A bright future ahead, riding the wave of growth

Vietnam’s automotive supporting industry: A bright future ahead, riding the wave of growth

(VEN) - In recent years, the demand for transportation vehicles in Vietnam has surged rapidly, making the market highly promising, as assessed by experts.
View more
Latest Most Read
Kinh Bac Art 3 contemporary painting exhibition opens

Kinh Bac Art 3 contemporary painting exhibition opens

(VEN) - On the afternoon of December 7, the Kinh Bac Art 3 contemporary painting exhibition was opened at the Appraisal and Exhibition Center of Art and Photography, 29 Hang Bai Street, Hoan Kiem District, Hanoi.
Vietnam - US trade turnover hits over US$122 billion in 11 months

Vietnam - US trade turnover hits over US$122 billion in 11 months

Two-way trade turnover between Vietnam and the US reached US$122.4 billion during the 11-month period, exceeding last year’s figure of US$111 billion, according to information released by the General Statistics Office (GSO).
Top legislator wraps up official visit to Japan

Top legislator wraps up official visit to Japan

National Assembly (NA) Chairman Tran Thanh Man, his spouse Nguyen Thi Thanh Nga, and a high-ranking NA delegation returned to Hanoi on December 7 evening, concluding their official visit to Japan at the invitation of President of the House of Councillors Sekiguchi Masakazu and his spouse.
Finance ministry to use AI in stock market surveillance

Finance ministry to use AI in stock market surveillance

The Ministry of Finance announced on Friday that it is researching using artificial intelligence (AI) tools to monitor transactions in the stock market.
Vietnam, Belgium deepen parliamentary cooperation

Vietnam, Belgium deepen parliamentary cooperation

A delegation of the National Assembly (NA) Standing Committee led by its member and Chairman of the NA Committee for Culture and Education Nguyen Dac Vinh paid a working visit to Belgium from December 4-7, with the aim of consolidating and deepening the bilateral friendship.
16 intangible cultural heritage elements recognised by unesco

16 intangible cultural heritage elements recognised by UNESCO

The Ba Chua Xu (Holy Mother of the Realm) Festival at Sam mountain in the Mekong Delta province of An Giang was officially recognised by UNESCO as intangible cultural heritage of humanity at the 19th session of the Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage in Paraguay on December 4. With this recognition, the festival has become the 16th intangible cultural heritage element of Vietnam recognised by UNESCO.
vietnam japan comprehensive strategic partnership for peace and prosperity in asia and the world

Vietnam-Japan Comprehensive Strategic Partnership for Peace and Prosperity in Asia and the World

National Assembly Chairman Tran Thanh Man and his spouse are paying an official visit to Japan from December 3-7. The visit is expected to promote the two countries' legislative ties in a practical and sustainable manner, thus concretising the comprehensive strategic partnership across spheres.
streamlining political systems organisational apparatus

Streamlining political system's organisational apparatus

Party General Secretary To Lam has urged Party committees, Party organisations, agencies, units, and sectors at all levels to demonstrate the highest political determination in streamlining the political system's organisational apparatus.
vietnam singapore strategic partnership

Vietnam-Singapore Strategic Partnership

The official visit to Singapore by National Assembly Chairman Tran Thanh Man and his spouse aims to further deepen the strategic partnership between Vietnam and Singapore.
local vibe at wholesale market

Local vibe at wholesale market

A market can often be described as the beating heart of a city. And Đồng Xuân Market in the centre of Hà Nội is exactly that.
Plan to streamline Government

Plan to streamline Government's organisational apparatus finalised

According to Minister of Home Affairs Phạm Thị Thanh Trà, the government's restructuring extends beyond ministerial consolidation, and the number of units under ministries and ministerial-level organisations will be cut by 15-20 per cent
Vietnam slashes government apparatus, with 9 minitries, agencies cut

Vietnam slashes government apparatus, with 9 minitries, agencies cut

Hanoi – Nine ministries and agencies under the Government will be consolidated under a resolution on streamlining and optimising the political system, Minister of Home Affairs Pham Thi Thanh Tra told the Vietnam News Agency.
Specific plans announced to restructure Party apparatus

Specific plans announced to restructure Party apparatus

The plan will reduce at least four Party organisations, 25 Party delegations and 16 Party groups merged into others and add two more Party Committees under central management.
Streamlining political system: Time does not wait

Streamlining political system: Time does not wait

Achieving strategic goals not only requires extraordinary efforts and exceptional commitment but also does not allow any delay or slackening, with a revolution to build a truly elite and streamlined political system promptly carried out, the Party leader underscored.
Việt Nam resumes nuclear power project amid rising energy demands

Việt Nam resumes nuclear power project amid rising energy demands

Vietnamese law-markers have approved the plan to resume the nuclear power project in the south – central province of Ninh Thuận after eight years of pause in an effort to ensure energy security while meeting Net Zero goal.
Việt Nam

Việt Nam's supporting industry for electronics needs more support

In addition to the efforts of enterprises, Việt Nam's supporting industry for electronics production needs many helpful policies from the State to promote its development.
Vietnam’s automotive industry seizes golden opportunities from global supply chain

Vietnam’s automotive industry seizes golden opportunities from global supply chain

(VEN) - In recent years, Vietnam’s automotive industry has experienced positive growth, aiming not only to meet domestic demand, but also to establish its position in the international market.
Rubber industry adaptive to EU Deforestation Regulation

Rubber industry adaptive to EU Deforestation Regulation

Hanoi - Vietnam's rubber sector in general, and processing and export enterprises in particular have taken actions to comply with the EU’s Deforestation Regulation (EUDR) in order to avoid any impact on rubber exports to the EU market.
Vietnamese businesses explore Indonesian market

Vietnamese businesses explore Indonesian market

A business networking session between a delegation from the Ho Chi Minh City Association of Mechanical-Electrical Enterprises (HAMEE) and the Indonesian Chamber of Commerce and Industry (KADIN) was held on December 5 in Jakarta.
Vietnam attracts nearly 31.4 billion USD in foreign investment in 11 months

Vietnam attracts nearly 31.4 billion USD in foreign investment in 11 months

Total registered foreign direct investment (FDI) into Vietnam, including new and additional investments, and capital contributions via share purchases, reached 31.4 billion USD in the first 11 months of 2024.
Top legislator suggests Japan’s Tokyu Group expand investment in Vietnam

Top legislator suggests Japan’s Tokyu Group expand investment in Vietnam

Chairman of the Vietnamese National Assembly (NA) Tran Thanh Man received Chairman of Japan’s Tokyu Group Hirofumi Nomoto in Tokyo on December 5 morning, as part of his ongoing official visit to the East Asian nation.
Chinese media highlights Vietnam as attractive investment destination in 2025

Chinese media highlights Vietnam as attractive investment destination in 2025

The number of Chinese manufacturers shifting production to the Vietnamese market has boomed since 2018, and the upward trend is set to continue over the coming years, the South China Morning Post (SCMP) of Hong Kong (China) confirmed.
Finance ministry to use AI in stock market surveillance

Finance ministry to use AI in stock market surveillance

The Ministry of Finance announced on Friday that it is researching using artificial intelligence (AI) tools to monitor transactions in the stock market.
Year-end profits put heavy pressure on banks

Year-end profits put heavy pressure on banks

(VEN) - As of the third quarter of 2024, only 11 out of 27 commercial banks have completed 75 percent or more of their pre-tax profit plans. Therefore, the year-end profit target is a huge pressure weighing heavily on their shoulders.
Party chief receives leader of Japan Bank for International Cooperation

Party chief receives leader of Japan Bank for International Cooperation

Party General Secretary To Lam hosted a reception in Hanoi on December 4 for Chairman of the Board of Directors of the Japan Bank for International Cooperation (JBIC) Maeda Tadashi.
Central bank increases credit growth limit for banks for second time this year

Central bank increases credit growth limit for banks for second time this year

The State Bank of Vietnam (SBV) on November 28 announced it would increase credit growth target for credit institutions, for the second time this year.
Seeking capital for green transformation remains tough

Seeking capital for green transformation remains tough

(VEN) - Shifting to green economy has become the goal of many countries and businesses around the world, including Vietnam. However, capital for green transition is still a difficult problem for the Vietnamese business community.
Drainage infrastructure development behind pace of urbanisation

Drainage infrastructure development behind pace of urbanisation

Domestic wastewater and rainwater are discharged directly into sewers, canals and ditches and then into main rivers.
Việt Nam rattled by 458 earthquakes in 11 months

Việt Nam rattled by 458 earthquakes in 11 months

HÀ NỘI — Việt Nam has experienced a significant increase in seismic activity this year, with hundreds of small earthquakes reported across the country.
Hà Nội determined to revive its polluted rivers

Hà Nội determined to revive its polluted rivers

HÀ NỘI — After a long delay period, with strong political commitment and leadership from municipal leaders, the Yên Xá wastewater treatment system in Hà Nội has now begun trial operation.
NVIDIA to build AI research and data centres in VN

NVIDIA to build AI research and data centres in VN

An agreement to develop two centres dedicated to artificial intelligence (AI) studies was signed between the Vietnamese Government and the American technology company NVIDIA.
VinFuture Sci-Tech Week starts in Hà Nội

VinFuture Sci-Tech Week starts in Hà Nội

VinFuture Foundation organised the 'Science for Life' symposia on December 4, opening the VinFuture Sci-Tech Week and Award Ceremony series in Hà Nội.
Nineteen initiatives receive Vietnam Smart City Awards 2024

Nineteen initiatives receive Vietnam Smart City Awards 2024

The Vietnam Software and IT Services Association (VINASA) presented the Smart City Awards 2024 to 10 localities and authors of nine smart technological solutions during the Vietnam-Asia Smart City Summit 2024, held in Hanoi on December 3.
Empowering Vietnamese firms with digital transformation

Empowering Vietnamese firms with digital transformation

In response to the growing demand of digital transformation and smart production, the Ministry of Industry and Trade has implemented harmonious measures to support domestic businesses in navigating the fourth industrial revolution.
The VinFuture 2024 Grand Prize honours 5 scientists for transformational contributions to the advancement of deep learning

The VinFuture 2024 Grand Prize honours 5 scientists for transformational contributions to the advancement of deep learning

HÀ NỘI — The VinFuture Foundation honoured four scientific breakthroughs in 2024 at a ceremony in Hà Nội on December 6.
With strong commitment and substantial investment, Việt Nam can end AIDS by 2030

With strong commitment and substantial investment, Việt Nam can end AIDS by 2030

To end AIDS by 2030, Việt Nam must focus on high-impact interventions and significantly scale up programme coverage from current levels.
Mang Den Airport construction plan proposed

Mang Den Airport construction plan proposed

(VEN) - Mang Den Airport in the Central Highlands province of Kon Tum is expected to be built with the first-phase investment of nearly VND5 trillion through a Public-Private Partnership (PPP).
US to provide 12.5 million USD to support Vietnam in combating IUU fishing

US to provide 12.5 million USD to support Vietnam in combating IUU fishing

Kien Giang – US Ambassador to Vietnam Marc E. Knapper on December 5 announced a new 12.5 million USD foreign assistance package to Vietnam, during a meeting with Deputy Minister of Agriculture and Rural Development Phung Duc Tien at the Department of Fisheries Surveillance (DFIRES) Training Facility, Region 5 in Phu Quoc city, the southern province of Kien Giang.
2024 Vietnam Business Day opens shop in Japan

2024 Vietnam Business Day opens shop in Japan

The Vietnam Business Association in Japan (VJBA) on December 3 held the 2024 Vietnam Business Day with the theme “Shared Vision, Shared Success".
Việt Nam

Việt Nam's OCOP products debut at AF-L'ARTIGIANO IN FIERA 2024 in Milan

Under the theme 'Việt Nam’s OCOP Products: Gathering Values, Spreading Culture', Việt Nam’s pavilion spans 200 square metres.
Top 10 reputable logistics companies in 2024 announced

Top 10 reputable logistics companies in 2024 announced

The Vietnam Report JSC on November 29 announced the list of top 10 reputable logistics companies for 2024.
150 products honoured as “Vietnamese Goods Loved by Consumers 2024”

150 products honoured as “Vietnamese Goods Loved by Consumers 2024”

A ceremony honouring the 150 most popular products voted by consumers took place in Hanoi on November 28.
tcty-dau-khi-vn-pv-power-2022
Kinh Bac Art 3 contemporary painting exhibition opens

Kinh Bac Art 3 contemporary painting exhibition opens

(VEN) - On the afternoon of December 7, the Kinh Bac Art 3 contemporary painting exhibition was opened at the Appraisal and Exhibition Center of Art and Photography, 29 Hang Bai Street, Hoan Kiem District, Hanoi.
Exhibition on royal culture of Huế opens

Exhibition on royal culture of Huế opens

A special exhibition featuring the history and development of Huế Citadel has opened at the Museum of Hồ Chí Minh City.
Vietnamese artisans bring unique handicrafts to Milan

Vietnamese artisans bring unique handicrafts to Milan

Vietnamese firms are making their mark at the 28th Artigiano International Handicrafts Fair in Milan, the capital of Lombardy - Italy's largest economic and cultural hub, from November 30 - December 8.
Hanoi Digital Pho gives experience of unique culinary essence

Hanoi Digital Pho gives experience of unique culinary essence

(VEN) - Hanoi has just introduced to consumers and tourists its cultural heritage - Hanoi Pho - in a unique way, which is digital Hanoi Pho.
15.8 million int

15.8 million int'l tourists came to Việt Nam in first 11 months, nearing 2024 target

Experts noted that the sharp increase in November is expected, as Việt Nam is in the peak international tourism season from October to March. The previous record for monthly international arrivals was set in November 2019, with over 1.8 million visitors.
2025 holiday schedule announced early, expected to boost tourism

2025 holiday schedule announced early, expected to boost tourism

Vietnam’s 2025 holiday schedule was announced early, which is expected to help both people and tour operators actively prepare for holidays across the year.
Developing green and sustainable tourism as a pathway to growth

Developing green and sustainable tourism as a pathway to growth

Cities facing challenges like population density, environmental stress and economic development pressure are recognising the potential of green tourism to address these issues.
Việt Nam, RoK expand tourism cooperation

Việt Nam, RoK expand tourism cooperation

The Asia Tourism Development Institute (ATI) and the Korea Tourism Management Association have organised a conference in Hà Nội to promote tourism, trade, and education cooperation between Việt Nam and the Republic of Korea (RoK).
Mobile Version