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
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
