Vietnam’s index of industrial production (IIP) was estimated to have risen by 10.4% in the first ten months of 2018, much higher than the 9.6% growth level of the same period last year, according to the General Statistics Office (GSO).
Vietnam’s IIP was estimated to
have risen by 10.4% in the first ten months of 2018. (Photo: VNA)
Accordingly, the manufacturing and processing industry saw a
high growth of 12.7%, contributing 9.8 percentage points to the overall IIP
growth.
In addition, the power production and
distribution sector surged by 9.6%, contributing 0.9 percentage points, while
the water supply and waste and wastewater treatment industry edged up 6.6% with
contribution of 0.1 percentage points.
Meanwhile, the mining industry decreased
by 2.6%, reducing the overall IIP by 0.4 percentage points.
The central province
of Ha Tinh recorded the highest growth
of industrial production at 105.6%, thanks to the contribution of Formosa’s steel factory, followed by the north
central province
of Thanh Hoa with 30.3%.
The southern coastal province of Ba Ria-Vung Tau
witnessed the lowest growth with 1.3% due to the decrease of crude oil
exploration.
The country’s IIP for October only was estimated
to see a year-on-year increase of 7.7%.
Source: NDO
After several unsuccessful attempts to raise pigs, buffaloes and cows, Nguyen Hong Minh who resides in Mui hamlet, Hoa Binh city’s Doc Lap commune decided to try breeding bamboo rat.
Chairman of the Hoa Binh People’s Committee Bui Van Khanh on February 2 held a Lunar New Year meeting with businesses, investors and cooperation in the locality. The event drew Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Council Bui Duc Hinh; Vice President of the Vietnam Chamber of Commerce and Industry Hoang Quang Phong; representatives from the Vietnam Association of Small and Medium-Sized Enterprises and the Vietnam Association of Young Entrepreneurs; as well as leaders of local departments, sectors and localities and 200 local businesses, cooperatives and investors in the locality.
Following the successes achieved in 2023, the local agricultural and rural development sector, localities and cooperatives are gearing up for first orders of the year, as part of their efforts to boost agricultural exports.
Most workers at enterprises in the northern province of Hoa Binh have turned to work just one week after the Tet (Lunar New Year) holiday.
The Hoa Binh Power Corporation (PC Hoa Binh) has directed its units to build plans as well as arrange resources to ensure stable electricity for local winter-spring crop production.
On February 28, the Department of Agriculture and Rural Development of Hoa Binh province coordinated with Minh Trung Vietnam Group joint Stock Company, Hoa Binh branch in Luong Son industrial park, Luong Son district organized a ceremony to export Bat Bao lotus porridge to the Japanese.