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The country's industrial production index (IIP) is continuing its positive growth pace with an increase of 3.9% over April and 8.9% compared to the same period last year, according to the General Statistics Office (GSO).
Vietnam's industrial production has shown signs of recovery and positive growth despite ongoing challenges, the Ministry of Industry and Trade has assessed.
The modern automobile production line of VinFast (Photo: VNA) Hanoi (VNA) – The development strategy for Vietnam’s automobile industry to 2035, approved by the Prime Minister on July 16, 2014, identified this industry as an important driver of national industrialisation and modernisation that needs to be facilitated by stable, consistent, and long-term policies. Under this…
It is forecast that the mechanical industry will continue to face difficulties, including reduced market demand due to lower consumption in the unstable international political situation.
Two major supporting and manufacturing industry exhibitions, METALEX Vietnam and NEPCON Vietnam, opened in HCM City on October 4, providing an effective forum for local and international companies to exchange information and enhance co-operation.