In the January-September period, industrial production expanded by 9.63% over the same period last year, of which the processing and manufacturing industry rose by 10.69%, contributing 2.74 percentage points to the growth of the IPP.

The index of industrial production (IIP) rose by 12.12% in the third quarter of 2022.

Electricity production and distribution recorded a growth of 7.71%, while water supply and waste treatment increased by 7.03%.

Additionally, as of September 30, the inventory index of the entire processing and manufacturing industry also soared by 7.3% compared to August and increased by 13.4% over the same period last year.

According to the GSO, the six factors that have the greatest influence on the production and business of enterprises in the third quarter, include the high competitiveness of domestic products, low domestic market demand, financial difficulties, low international market demand, shortage of raw materials, and difficulties in recruiting workers.

Since 2020, the Covid-19 pandemic has disrupted the supply chains while the Russia-Ukraine conflict has pushed up fuel prices throughout the world, in addition to high inflation in the US, Europe and developed countries. All these factors have created effects on domestic business activities.

Hiep Hoa builds traffic infrastructure, prioritizes routes connecting industrial parks and clusters

(BGO) – Defining the importance of traffic infrastructure, Hiep Hoa district (Bac Giang province) has paid special attention to invest in building, revamping and upgrading local routes, hence creating connectivity for trade exchange and development motivation.

Industrial production recovers quickly with growth of 9.4% in eight months

The index of industrial production (IIP) in the first eight months of 2022 surged 9.4% over the same period last year, according to the General Statistics Office (GSO).

Bac Giang industrial park lures 232 projects

(BGO) – Bac Giang province now establishes 45 industrial clusters in total area of 1,728 hectares, 29 of which were invested by businesses, 16 were invested by district People’s Committee.

Accelerating industrial production recovery

As our country gradually adapts and effectively controls the Covid-19 pandemic, the domestic industrial production has recovered quite strongly, helping resume the supply chain in the processing and manufacturing industries, with increasing production output and new orders.

Bac Giang partially adjusts Zoning off Planning to build Yen Lu industrial park

(BGO) – The People’s Committee in Bac Giang province has issued Decision to approve for partially adjusting the Zoning off Planning to build Yen Lu industrial park in Yen Dung district, Bac Giang province (ratio 1/2000).

Source: NDO