The index of industrial production (IIP) in May was estimated to have increased 1.6% compared to the previous month and 11.6% over the same period last year, announced by the General Statistics Office.

The IIP in May still grows despite Covid-19 pandemic.

In May, the processing and manufacturing industry saw an expansion of 14.6% over the same month of last year. The electricity production and distribution expanded 12% and water supply and waste treatment grew by 6.8%. Meanwhile, the mining industry saw a decrease of 9.8%.

In addition, the IIP in the first five month of this year soared 9.9% over the same period last year, with the processing and manufacturing in the lead with an increase of 12.6%.

Electricity production and distribution and water supply and waste treatment industries witnessed respective increases of 8.3% and 7.5% during this period,. The mining posted a decrease of 7% in its production index in the first five months.

European firms optimistic about Vietnam’ business climate

Leaders of European businesses have started 2021 with optimism about the trade and investment environment in Vietnam, according the Business Climate Index (BCI) for the first quarter of 2021 released by the European Chamber of Commerce (EuroCham) on April 30.

Record new business registrations signal recovery

Vietnam saw the highest ever number of new business registrations in the first quarter at 44,166, signaling an economic recovery from Covid-19 impacts.

War veteran and wounded soldier Nguyen Duc Duc, bright model in doing business and charity work

(BGO) – In spite of old age, the veteran and wounded soldier in Vietnam war against America Nguyen Duc Duc (born in 1950) still keeps working. He helps his children operate a large scale company specialized at trading Tien Phong plastic pipe, water and power equipment. He often drives his car on business trip, social and charity journeys. 

EU investors confident in Vietnam’s business climate: Vietnam Briefing

The foreign investment consulting firm Dezan Shira & Associates’ Vietnam Briefing website has published an analysis on a trend of increasing EU investment in Vietnam and the reasons why the nation has become a formidable competitor in attracting foreign investment in Southeast Asia.

Source: NDO