However, the office also reported that IIP in the first four months of 2023 decreased by 1.8% year on year. The IIP growth in the first four months of 2022 was 7.8%.

Workers walk near an excavator loading coal onto a truck at a coal port in Hanoi February 23, 2012.

Among the sectors, the water supply, waste-water treatment and management activities recorded the highest IIP increase of 5.5% in the first four months. The electricity generation and distribution sector followed with 0.5%.

However, the mining industry and the processing and manufacturing saw a decline of 2.8% and 2.1% in IIP, respectively.

The world economy's slow recovery and tightened monetary policy in many countries has made the consumption demand of major trading partners decline, leading to a decrease in goods orders and export turnover.

Those factors affected the growth of industrial production in the first four months of 2023, according to the Ministry of Industry and Trade (MoIT).

According to experts, Vietnam should give priority to the development of domestic manufacturing industries, especially the mechanical industry.

Bac Giang to have three new industrial parks over 500 hectares

(BGO) – Because many industrial parks in Bac Giang province have been fully occupied, the provincial People’s Committee has passed the resolution draft for the subdivision planning project to build three industrial parks covering over 500 hectares to satisfy investors.

Bac Giang hastens public investment projects, industrial parks

The northern province of Bac Giang aims to speed up the implementation of public investment projects, especially large-scale and key projects in the second quarter of this year, according to the provincial People’s Committee.

Vietnam Korean industrial park fully occupied

(BGO) -  All industrial areas of Vietnam – Korean industrial park in Viet Yen district (Bac Giang province) are hired by sub-businesses though some items are under completion stage.

Bac Giang reviews and removes obstacles in building industrial clusters

(BGO) – On the morning of March 27, Vice Chairman of the Bac Giang provincial People’s Committee (PPC) Phan The Tuan chaired a meeting to review the project execution progress to develop industrial clusters in the province.

Bac Giang establishes Phuong Son – Dai Lam industrial cluster

(BGO) – The Bac Giang provincial People’s Committee has issued Decision to establish Phuong Son – Dai Lam industrial cluster in Luc Nam and Lang Giang districts on total area of 50 hectares.

Source: VnExpress