Industrial sector verging on annual growth target
|
Maintaining growth
According to the Ministry of Industry and Trade, industrial production in the first 10 months of this year was 1.5 percentage points higher than in the same period last year. The processing and manufacturing industry continued to develop, growing 2.9 percentage points and playing an important role in promoting the industrial sector’s expansion.
The achievements were attributed to the Ministry of Industry and Trade’s efforts to facilitate the efficient and stable operation of industrial enterprises.
Restructuring direction
The efforts are focused on the restructuring of some corporations and groups in the fields of beverages, chemicals, electricity, coal, minerals, and oil and gas to create a fair business environment. This includes ensuring the interests of domestic steel, automobile, fertilizer and chemical manufacturers, and assisting industrial enterprises to apply modern quality management systems and advanced productivity improvement tools, promote the application of science and technology, improve production capacity, and supply high quality, competitive domestic products.
Bui Thuy Lan, Deputy Director of the Thien Ma Manufacturing, Trading and Industrial Equipment Import-Export Co., Ltd., said the company’s domestic sales and exports had increased sharply compared with last year. Thien Ma is expected to reach VND100 billion in domestic sales and about US$1 million in export value in 2017, Lan said. The company has received a number of orders for 2018, and its business prospects are relatively optimistic, she added.
Nguyen Xuan Duong, Chairman of the Board at the Hung Yen Garment Corporation said: the company’s orders are relatively stable, and Hung Yen often has to increase the number of work shifts to ensure on-time delivery. So far this year, the company has accomplished its 2017 export production target worth about US$300 million.
Industrial production grew 19.5 percent in October alone compared to October 2016, resulting in an 8.7 percent index of industrial production (IIP) in the first 10 months of 2017. The Ministry of Industry and Trade set an industrial production value growth target of 8.35-8.5 percent for 2017, including a growth target of 12-12.5 percent for the manufacturing-processing industry. |
See also

Cut on automobile registration fees to facilitate auto industry
14:33 | 30/05/2023 Industry

Suitable solutions needed for each sector
06:00 | 30/05/2023 Industry

Fertiliser businesses see profit drop on ailing selling prices and rising costs
15:27 | 26/05/2023 Industry

Ten-year milestone of outstanding rural industrial product program
14:00 | 26/05/2023 Industry promotion

Dong Nai Province speeds up industrial development
14:00 | 25/05/2023 Industry promotion

New technology helps utility, industrial operators overcome power network challenges
15:13 | 24/05/2023 Energy
See more news

Hà Nội supports industrial development
09:21 | 24/05/2023 Industry

Vietnam ensures energy security in all scenarios
06:00 | 24/05/2023 Energy

Vietnam Ranks Second in Bauxite Reserves
15:00 | 22/05/2023 Energy

Hà Nội industrial products, equipment and automation fair held
09:52 | 19/05/2023 Industry

Enhancing resilience against global shocks critical for electronics industry
07:00 | 18/05/2023 Industry

State support needed for auto support industry
06:00 | 17/05/2023 Support industries

HCM City seeks to revive industrial growth
07:00 | 15/05/2023 Industry

Hoa Binh Province speeds up rural industrial projects
14:00 | 13/05/2023 Industry promotion

Binh Dinh Province boosts rural industry
14:00 | 12/05/2023 Industry promotion

Vietnam seeks capital to expand fuel reserves
06:00 | 12/05/2023 Energy

Over 77,000 computers in Vietnam suffer data encryption in 7 months Bkav
16:29 | 30/05/2023 Science - Technology

Việt Nam is RoK's 4th largest rubber supplier
16:12 | 30/05/2023 Foreign trade

Việt Nam, Laos promote technological cooperation, technology transfer
15:04 | 30/05/2023 Vietnam and ASEAN

Việt Nam received 4.6 million foreign visitors in first five months, over half the year’s target
14:38 | 30/05/2023 Tourism

Cut on automobile registration fees to facilitate auto industry
14:33 | 30/05/2023 Industry
Multimedia

Việt Nam received 4.6 million foreign visitors in first five months, over half the year’s target
14:38 | 30/05/2023 Tourism

International festival provides platform to young musicians
06:00 | 30/05/2023 Lifestyle

Bát Tràng ancient pottery exhibited at Việt Nam National Museum of History
06:00 | 28/05/2023 Lifestyle

Domestic audiences experience European cinema at film festival
09:05 | 26/05/2023 Lifestyle

Creative and funny guide book for expats to explore Hà Nội
06:00 | 23/05/2023 Lifestyle

Deputy PM urges acceleration of electricity licensing for finished wind, solar power projects
10:06 | 25/05/2023 Policy

Specific mechanisms, policies needed to drive HCM City’s growth
06:02 | 20/05/2023 Policy

PM approves National Power Development Plan VIII
14:20 | 17/05/2023 Policy

Chip-based passports can be provided online, sent via post
07:00 | 13/05/2023 Policy

Cut on automobile registration fees to facilitate auto industry
14:33 | 30/05/2023 Industry

Suitable solutions needed for each sector
06:00 | 30/05/2023 Industry

Fertiliser businesses see profit drop on ailing selling prices and rising costs
15:27 | 26/05/2023 Industry

Ten-year milestone of outstanding rural industrial product program
14:00 | 26/05/2023 Industry promotion

Vietnam's five-month FDI rises sharply nationwide
13:03 | 29/05/2023 FDI

Binh Phuoc’s potential introduced to Australian partners
10:13 | 26/05/2023 Investment

Da Nang calls for investment in 10 logistics centre projects
14:57 | 23/05/2023 Investment

Vietnam becomes global production centre thanks to boom of foreign investment
07:15 | 20/05/2023 FDI

Dozens of commercial banks cut savings interest rates
09:31 | 30/05/2023 Finance-Banking

Central bank continues to reduce policy interest rates
06:12 | 27/05/2023 Finance-Banking

Nearly 2.3 billion USD in state capital saved in 2022: Gov't report
06:09 | 25/05/2023 Finance-Banking

Central bank eases credit crunch, boosts growth
06:00 | 22/05/2023 Finance-Banking

PM urges stronger wildfire prevention measures amid strong heatwaves
06:00 | 28/05/2023 Environment

Vietnam targets development of green, plastic waste-free tourism
06:00 | 28/05/2023 Environment

Đồng Nai afforestation programme kicks off
06:00 | 27/05/2023 Environment

New task force promotes innovation and financing for plastic waste reduction
14:30 | 26/05/2023 Environment

Over 77,000 computers in Vietnam suffer data encryption in 7 months Bkav
16:29 | 30/05/2023 Science - Technology

Hanoi hosts Vietnam - Asia DX Summit 2023
16:15 | 26/05/2023 Science - Technology

Hanoi Transerco applies technology to improve public bus services
16:06 | 26/05/2023 Science - Technology

Hanoi aims to be national hub of technology transfer, development
15:59 | 26/05/2023 Science - Technology

New Zealand provides 40 full micro-credentials scholarships for Vietnamese learners
16:23 | 26/05/2023 Society

Mong Cai city imports electricity from China’s Dongxing
10:37 | 25/05/2023 Energy

Seminar discusses orientations for rapid and sustainable national development
07:15 | 22/05/2023 Society

M&A to pick up in property market
07:00 | 19/05/2023 Property

• Tripadvisor highlights the sole hotel in Da Nang in the prestigious Travelers' Choice Best of the Best award
09:30 | 28/05/2023 Vietnamese Brands

Pfizer Vietnam, VNVC sign MoU to protect public health
09:00 | 26/05/2023 Vietnamese Brands

Vietjet offers 50% discount on SkyBoss Business tickets
08:55 | 26/05/2023 Vietnamese Brands

Positioning Vietnam’s Green National Brand
06:00 | 26/05/2023 Vietnamese Brands

International festival provides platform to young musicians
06:00 | 30/05/2023 Lifestyle

Bát Tràng ancient pottery exhibited at Việt Nam National Museum of History
06:00 | 28/05/2023 Lifestyle

Vietnam’s broken rice among top 100 most delicious rice dishes in the world
07:06 | 27/05/2023 Culture

Domestic audiences experience European cinema at film festival
09:05 | 26/05/2023 Lifestyle

Việt Nam received 4.6 million foreign visitors in first five months, over half the year’s target
14:38 | 30/05/2023 Tourism

Da Nang - A destination with the most beautiful mountainous scenery in Asia
09:00 | 24/05/2023 Tourism

Strategic investors’ engagement helps promote Việt Nam’s tourism growth
06:00 | 24/05/2023 Tourism

Various activities at Nha Trang - Khanh Hoa Sea Festival 2023
06:20 | 22/05/2023 Tourism