Of which, the processing and manufacturing industry recorded growth of 10.8%, contributing 8.3 percentage points to the industry’s growth.

The processing and manufacturing industry recorded growth of 10.8% in the first ten months of 2018.

Meanwhile, the mining sector increased 1.2%, contributing 0.2 percentage points, electricity production and distribution rose by 9.9%, contributing 0.9 percentage points; and water supply and waste treatment saw growth of 7.2%, contributing 0.1 percentage points.

However, some industries experienced slight growth or even declines in the IIP, such as electronics, computers and optical devices, tobacco, and services in support of the mining industry.

Some major industrial products which achieved high production growth in the first ten months included raw iron and steel (42.8%), oil and gas (33.2%), televisions (16.4), and mobile phones (13%).

In October alone, the country’s IIP expanded by 2.9% as compared with the previous month and up 9.2% year-on-year.

Ben Tre festival promotes coconut industry

The 5th Coconut Festival will be held in the Mekong Delta province of Ben Tre from November 14-20, heard a press conference held by the provincial People’s Committee in Hanoi on July 31.

Livestock industry restructure imperative, cooperation needed

Close cooperation between companies, co-operatives, farms, and households is needed to restructure the livestock industry, the Ministry of Agriculture and Rural Development has said.

Online Tourism Day to boost national industry

The Online Tourism Day is set to take place on June 26 in Hanoi gathering the participation of 600 Vietnamese and foreign delegates from the tourism industry.

Philippine company eyes investment in Vietnam’s tea industry

JG Summit Holdings, Inc., one of the biggest Filipino investors in Vietnam, hopes to invest in sustainably developing tea business in the country, particularly via the participation in public-private-partnership projects.

Farm produce processing industry urged to tap potential

Vietnam’s agro-forestry and fishery processing industry has bright prospects in both export and domestic markets, but needs further measures to tap its potential, according to the Agro Processing and Market Development Authority.

Source: NDO