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 the Lunar New Year (Tet) holidays, trade union members and workers in Hoa Binh province returned to work with an excited spirit at the beginning of the new spring. Throughout the workshops, factories and enterprises, they were full of enthusiasm, immediately getting to work, striving to excellently complete tasks and production and business targets.
Red grapefruit is a native crop of Tan Lac district, where the fertile soil and favourable climate create ideal conditions for its growth. With over 80% of the area being mountainous, at an altitude of 300-400 metres above sea level, red grapefruits here thrive on well-drained, fertile hillside soil. The region’s large temperature variation between day and night enhances the fruit's nutrient absorption. The local cultivation techniques also contribute to its uniqueness
The provincial business association recently convened a conference to review its 2024 operations and outline plans for 2025. The meeting was attended by Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Duc Hinh along with leaders from various departments and agencies.
Hoa Binh province is prioritising rural transportation infrastructure to improve mobility, facilitate trade, and boost socio-economic development.
The Minister of Agriculture and Rural Development has just issued Decision No. 377/QD-BNN-VPĐP approving the results of the evaluation and classification of the products of the National One Commune One Product Program in 2024 (phase 3).
As the Lunar New Year (Tet) approaches, the market becomes more vibrant than ever. In Hoa Binh province, preparations for Tet have been bustling since the 20th of the last lunar month, with an abundant supply of goods to meet the growing consumer demand.
