Industrial production prospers in September

By Hoai Anh/Ngoc Loan

10:40 | 05/10/2020 Import-Export Follow english.haiquanonline.com.vn on

VCN- According to the General Statistics Office of Vietnam, the industrial added value increased by 2.69% in the first nine months of the year, which is the lowest growth rate in the same period between 2012-2020. However, industrial production has prospered in September.

	Difficulties continue to “lay siege” to industrial production
	Industrial production still faces many challenges
	Industrial production gradually rebounding: GSO

4725-5448-doi-moi-co-che-xuc-tien-thu-hut-fdi-tai-dia-phuong1593392101

The growth rate of industrial added value in the third quarter of 2020 was only 2.34% over the same period last year. Photo: Internet.

The General Statistics Office of Vietnam said that due to the negative impact of the Covid-19 pandemic, the growth rate of industrial added value in the third quarter only reached 2.34% over the same period in last year.

The added value of processing and manufacturing industries increased by 4.6%, and that of electricity production and distribution increased by 3.7%.

Particularly, the added value of the mining sector decreased by 5.35% due to the sharp drop in crude oil and natural gas production.

The average inventory rate of the whole processing and manufacturingindustries in the first nine months of this year was75.6% (it was 72.1% in the same period last year).

However, according to the General Statistics Office of Vietnam, because the pandemic is contained, economic sectors are entering a state of operation in new normal conditions, so industrial production in September 2020 has prospered.It is expected to recover and grow again in the last months of the year.

By Hoai Anh/Ngoc Loan

Tags:

Related News

Industrial production towards targets growth of 7-8%

17:25 | 14/01/2024 Headlines

VCN - This is a field that encountered many difficulties last year, but the industry has gradually recovered, still maintaining positive growth momentum.

Industrial production to improve in last months of 2023, but hurdles remain: GSO

16:00 | 18/10/2023 Import-Export

With the drastic direction of the Government, ministries, sectors and localities, industrial production in the last months of 2023 will improve, according to the General Statistics Office (GSO).

Positive signal from industrial production in the first 7 months of the year

09:53 | 11/08/2023 Import-Export

VCN - Industrial production in July 2023 continued to show positive signs, with a growth of 3.9% over the previous month and an increase of 3.7% over the same period last year. The above figures show that the production situation of enterprises is recording good signals.

Enterprises think about the future

10:21 | 26/06/2023 Import-Export

VCN - Although the general situation is difficult, many enterprises still see opportunities and believe in long-term growth prospects. Accordingly, many investment and development plans continue to be implemented in order to seize opportunities as soon as the economic situation stabilizes.

Latest News

Wood exports started well

13:26 | 20/04/2024 Import-Export

VCN - After a year of missing the growth target, the year of 2024 exporting wood and wood products has had a good start, but there are still many potential risks.

Take advantage of e-commerce leverage for export

13:25 | 20/04/2024 Import-Export

VCN - Exporting via e-commerce is gradually becoming popular and becoming a trend that many businesses are interested in.

Vietnam earns 1.43 billion USD from rice exports in Q1

15:50 | 19/04/2024 Import-Export

Vietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.

Localities get ready for fourth FDI boom

15:35 | 19/04/2024 Import-Export

As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.

More News

Opportunities to develop a smart and sustainable packaging industry

14:14 | 19/04/2024 Import-Export

VCN - The concept of circular economy and sustainability requirements are increasingly influencing packaging design. In particular, highly recyclable packaging is gradually becoming an important part of the packaging process in the food and beverage industry. This is also one of the key factors promoting the development of Vietnam's packaging industry.

Domestic retailers eye export-quality products

17:37 | 18/04/2024 Import-Export

Domestic retailers are increasing the distribution of export-quality products to cash in on the consumption trend towards green, environmentally friendly and safe products.

Textile and garment exports recovered positively

10:26 | 18/04/2024 Import-Export

VCN - Vu Duc Giang, Chairman of Vietnam Textile & Apparel Association shared with Customs News about the production and export situation of Vietnam's textile and garment industry after many difficult periods.

Launch of FDI Annual Report 2023

16:25 | 17/04/2024 Import-Export

VCN - In 2023, industrial parks and economic zones kept attracting foreign investors with 27.7 billion USD of FDI capital investment; the number of new investment projects, adjusted investment capital and implemented FDI capital all increased compared to the previous year.

Vietnam has opportunities to attract, develop the offshoring market

16:11 | 17/04/2024 Import-Export

Vietnam is an attractive choice for businesses who are looking for outsource solutions, given its affordable workforce, highly skilled human resources and the constantly developing infrastructure of information technology and the telecommunications industry, said real estate consultancy firm Knight Frank in its report Asia-Pacific Horizon: Harnessing the Potential of Offshoring.

Nearly 600 million USD disbursed in support of agroforestry, aquatic sectors

16:09 | 17/04/2024 Import-Export

More than 15 trillion VND (597 million USD) has been disbursed under a credit scheme to support Vietnamese agroforestry and aquatic sectors since July last year, heard participants at a recent conference to discuss measures on maintaining Vietnam's key agricultural exports.

Be proactive and flexible with production materials

09:02 | 17/04/2024 Import-Export

VCN - Enterprises' production and export orders have gradually returned, leading to many recovery prospects. Therefore, the issue of raw materials for production continues to be a major concern to meet rules of origin requirements.

Cooperate to build leading and "rich in vitality" state-owned enterprises

08:59 | 17/04/2024 Import-Export

VCN - In Vietnam, the contribution ratio of state-owned enterprises (SOEs) to GDP is approximately 30% but their competitiveness is not commensurate with the resources they hold, and many SOEs operate ineffectively.

Garment & textile sector tries to keep growth momentum

14:16 | 16/04/2024 Import-Export

The Vietnamese garment and textile sector is carrying out various measures to bolster production and business activities amidst formidable challenges posed by falling demand, high inventory, and geopolitical instability in several countries, according to insiders.