The processing and manufacturing industry, which accounted for over 70 percent of total industrial output, witnessed a yearly IPI increase of 2.8 percent, contributing 2.6 percentage points to the industrial sector’s overall growth.

Producing electronic components at YoungPoong Electronics Vina in Binh Xuyen 2 industrial park, Vinh Phuc province.

Many industries also enjoyed a surge in IPI, such as metal ore mining (21.9 percent); production of prefabricated metal products (16.8 percent); leather and related products (12.3 percent); electrical equipment (11.5 percent); clothing production (11.4 percent); textiles (8.8 percent); and rubber and plastic products (8.1 percent).

Meanwhile, industrial products with drops in the index included beverage production (2.7 percent); production of drugs, pharmaceutical chemicals and medicinal herbs (3.6 percent); electronics, computers and optical products (5 percent); wood processing and products from wood and bamboo (5.1 percent); and crude oil and natural gas (9.7 percent).

Among key industrial products that posted high IPI increases in January were alumina (35.7 percent); bar and angle steel (30.3 percent); powdered milk (16.2 percent); NPK fertiliser (15.6 percent); monosodium glutamate (15.4 percent); processed seafood (13.8 percent), automobiles (11.7 percent) and fabric (8.7 percent).

According to GSO General Director Nguyen Thi Huong, the national economy has recorded positive signs of recovery.

In order to promote production growth, the GSO suggested ministries, sectors and localities proactively develop plans for safe production and business in adaptation to the Covid-19 pandemic developments and in accordance with conditions of each locality and enterprise, especially at concentrated industrial zones, Huong said.

The State Bank of Vietnam needs to have an appropriate credit policy so that credit institutions can support pandemic-hit businesses in resuming their production and business, she added.

More capital flows come to economic, industrial parks in 2021

Economic and industrial parks nationwide drew 539 foreign-invested and 615 domestic projects with a total registered capital of 12.8 billion USD last year despite Covid-19 pandemic, up 15 percent annually, reported the Ministry of Planning and Investment (MoPI).

Industrial and construction sector sees highest growth

In 2021, despite being affected by the Covid-19 epidemic, all three areas of agro-forestry and fisheries, industry and construction, and services posted higher growth rates compared to 2020.

Industrial parks lure labours

(BGO) – Right after Covid-19 pandemic was controlled, the industrial parks (IP) in the northern province of Bac Giang had resumed operation, many of which employed more labours.

Deputy PM approves for investment policy to infrastructure of Yen Lu industrial park in Bac Giang

(BGO) – The Deputy Prime Minister Le Van Thanh has inked the Decision No.2242/QD-TTg to approve for the investment policy to construct and do business at the infrastructure of Yen Lu industrial park (IP) in Bac Giang province.

Bac Giang ensures production safety at industrial parks

(BGO) – Amid the complicated development of Covid-19 in many provinces and cities nationwide, the industrial parks (IP) in the northern province of Bac Giang still encounter high risk of infection, especially on the Tet holiday. The local competent agencies and businesses have actively imposed preventive measures to control over the infection.

Source: NDO/VNA