The Index of Industrial Production (IIP) in the first quarter of 2025 is estimated to increase by 7.8% compared to the same period last year, with the processing and manufacturing sector growing by 9.5%, continuing to be the main driving force of economic growth.
According to Director of the GSO’s Industry and Construction Statistics Department Phi Thi Huong Nga, Vietnam could achieve breakthrough industrial growth in 2025 and beyond by leveraging its advantages and accelerating digital and green transformation as well as meeting the increasingly stringent requirements of the international market.
Hanoi’s gross regional domestic product (GRDP) in the first nine months of 2024 increased 6.12% compared to the same period last year, the Hanoi Statistic Office announced on October 3.
Vietnam’s index of industrial production (IIP) saw a year-on-year increase of 8.8% over the past eight months, extending the recovery of the sector, the General Statistics Office (GSO) has reported.
The northern city of Hai Phong recorded a year-on-year rise of 15.01% in the index of industrial production (IIP) during the first seven months of 2024, a fast pace compared to some other localities, statistics show.
The index of industrial production (IIP) in July rose 0.7% over the previous month and 11.2% year on year, pushing the increase in the first seven months to 8.5% compared to the same time last year, according to the General Statistics Office (GSO).
Vietnam'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.
In the first five months of this year, the Index of Industrial Production (IIP) was expected to increase 6.8% year-on-year, with the processing and manufacturing industry growing by 7.3%, contributing 6.4 percentage points to the overall growth.
The capital city of Hanoi witnessed 9,400 enterprises enter the market with the total registered capital of 97.6 trillion VND (3.84 billion USD) during January-April, falling 6% in the number of firms and rising 9% in capital as compared to the same time last year, according to the municipal Statistics Office.
Processing and manufacturing enterprises have forecast better performance in Quarter 2 despite global headwinds posed by conflicts and high production costs, according to the General Statistics Office (GSO)’s survey.
The index of industrial production (IIP) in January fell 4.4% month on month but still went up 18.3% year on year, reported the General Statistics Office (GSO).
The General Statistics Office (GSO) reported optimistic signals in industrial production, attributing the positive trend to businesses securing orders and gearing up for year-end consumer demand.
Vietnam’s economy has begun to gather steam again since the start of the third quarter of this year, helping consolidate confidence of businesses and investors, experts have said.
The index of industrial production (IIP) in the first half of 2023 grew by only 0.44% compared to the same period last year due to decreasing orders, falling demand and rising input costs, according to the General Statistics Office (GSO).
In the first months of this year, Hanoi has focused on removing difficulties to and facilitating industrial production, export-import, public investment, and foreign investment attraction, according to a local official.
Ho Chi Minh City’s Index of Industrial Production (IIP) in the first quarter of 2023 declined by 0.9% compared to the same period last year, the municipal Department of Industry and Trade reported at a press conference on April 3.
The index of industrial production (IIP) of the northern port city of Hai Phong is expected to grow by 13.5 – 14.5% per year, towards increasing the proportion of the manufacturing industry in GRDP to 46%.
Ho Chi Minh City’s Index of Industrial Production (IIP) in January reduced by 21.4% compared to the previous month, according to the city’s Department of Industry and Trade.
