HCM City’s industrial production up 13.3 percent in November
Ho Chi Minh City’s Index of Industrial Production (IIP) decreased 15.5 percent year-on-year in the first 11 months of this year despite growth of 13.3 percent in November, according to the municipal Department of Industry and Trade (DoIT).
HCM City (VNA) - Ho Chi Minh City’s Index of IndustrialProduction (IIP) decreased 15.5 percent year-on-year in the first 11 monthsof this year despite growth of 13.3 percent in November, according to the municipal Department of Industry and Trade(DoIT).
Most industries suffered a drop compared to the sameperiod last year, including beverage production, maintenance and installationof machinery and equipment, due to the impact of the COVID-19 pandemic.
Four key industries saw decreases in IIP in the 11-month period, withthe largest decline seen in the electronics manufacturing industry (down 18.7percent). It was followed by the food and beverage industry (15.1 per cent),mechanical industry (10.6 percent) and chemical and pharmaceutical industry(5.6 percent).
According to the DoIT, despite the fact that there was animprovement in November’s IIP against October’s figure, many key industriesstill had a negative index compared to the same period last year.
In response to the pandemic which saw complicateddevelopments and tended to increase again in the second half of November, the city's authorities have drastically adopted pandemic prevention and control measures, focusingon offering the second shots for employees in industrial and processing zones and for children aged 12-17.
✤ The DoIT continued to maintain welfare policies to supportbusinesses and workers meeting with difficulties. Other departments and agencies in the city have also coordinatedto implement preferential loans for COVID-19-hit small and medium enterprises aswell as exemption and reduction of personal income tax and corporate income tax./.
More than 96 percent out of 1,412 companies located in industrial and export processing zones in Ho Chi Minh City have resumed operations with up to 80 percent of the total number of labourers back to work.
Some businesses in Ho Chi Minh City have been able to shrug off the difficulties caused by COVID-19 and achieve their targets thanks to thorough preparations.
Consumer price index (CPI) of Ho Chi Minh City in November decreased 0.17 percent over October, but rose 1.83 percent compared to the same time last year.
Vietnam’s industrial production index went up 5.5 percent in November compared to the previous month and rose by 5.6 percent year-on-year, reported the General Statistics Office (GSO).
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
