Industrial production grows 2.71% in first half of 2020
Vietnam's industrial production grew by a modest 2.71% in the first six months of 2020 due to the impact of the coronavirus, according to the General Statistics Office.
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Vietnam's industrial production grew by a modest 2.71% in the first six months of 2020 due to the impact of the coronavirus, according to the General Statistics Office.
The Resolution of the 21st Congress of the Provincial Party Organization set out that Ninh Binh's economic structure would increase the ratio of the industry and service sectors in the 2015 - 2020 period. The province's industrial production growth is expected to reach 16 percent a year. To achieve the above target, the province has implemented numerous measures to boost the industry sector's growth, and it also has reaped positive results in the past years.
The development of industrial zones needs a comprehensive plan to capture the transition of the foreign direct investment (FDI) inflow spurred by trade wars and the COVID-19 pandemic in which Vietnam has significant opportunities to become the next global factory.
In parallel with speeding up land clearance and improving infrastructure at local industrial zones (IZs), the Industrial Zone Authority of Ninh Binh has offered advice to the provincial People's Committee to adjust the province's master plan, accelerate administrative reforms and create a favourable investment environment, making these IZs attractive destinations for investors.
The province's index of industrial production (IIP) saw a year-on-year increase of 24.46 percent in 2019, proving its policy of developing the industrial sector as a key driver of the economic growth.
A delegation of Central's former ministers paid a fact finding tour to Hyundai Thanh Cong Vietnam Auto Joint-Stock Company,Gian Khau industrial zone, Ninh Binh province, on December 10.
The index of industrial production (IIP) for the first 10 months of this year increased by 9.5 percent from the same period last year, led by the manufacturing-processing sector.
The industrial sector in the northern province of Ninh Binh has maintained strong performance, with the January-September period's index estimated to hit over 54 trillion VND,rising 30.4 percent year-on-year.
The nothern province of Ninh Binh's industrial production value has surpassed 54.63 trillion VND ( 2,3 billion USD) since early this year, up 30.4 percent annually.
The ESMO Group (ESMO) of South Korea inaugurated its ESMO VINA Automotive Components Production Plant at the Gia Phu Industrial Complex, Gia Viên District, Ninh Binh Province on September 20th.
In the past few years, the northern province of Ninh Binh has focused efforts on improving administrative procedures and business climate as well as offering prioritized mechanisms to develop industrial clusters (ICs) to attract more investments into ICs.
Viet Nam is home to 326 industrial parks, covering the area of 95,500 ha, according to the report of the economic zone management department, under the Ministry of Planning and Investment.
The northern province of Ninh Binh recored an industrial production index growth of 21.4 percent in the first quarter of 2019, according a report released by the Department of Industry and Trade.
Industrial production of Ninh Binh province reached 14,4 trillion VND in the first quarter of 2019, representing a year-on-year increase of 21.4 percent, according to the Department of Statistics Office.
The Ninh Binh province's index of industrial production (IIP) in January rose significantly by 22.9 per cent against the same month last year, according to the Department Statistics Office.
Ninh Binh's rapidy growing industrial production in recent years has led to the great demand for raw materials, components, equipment and accessories serving production. However, enterprises operating in support industries have so far accounted for a small proportion of the locality's total industrial production value. Recognising the important role of the support industries, the Government, ministries, and Ninh Binh province have issued numerous documents to boost the development of the support industries.
E-commerce and digital technology are creating great opportunities for Vietnamese businesses to enter the world market and participate in the global value chain as Industrial Revolution 4.0 is changing business and production models in a dramatic way.
Minister of Finance Dinh Tien Dung visited and presented Tet gifts to wounded and sick soldiers in Nho Quan war invalid nursing center as well as poor workers of some companies in Gian Khau Industrial Park on the occasion of the upcoming Lunar New Year (Tet) festival.
Vietnam's Index of Industrial Production (IIP) expanded 10.1 percent year-on-year in the first 11 months of 2018, according to the General Statistics Office (GSO).
The World Economic Forum on ASEAN (WEF ASEAN) themed "ASEAN 4.0: Entrepreneurship and the Fourth Industrial Revolution" kicked off in Hanoi on September 11.
A record number of leaders will attend the World Economic Forum (WEF) on ASEAN which is expected to be held in Hanoi on September 11th-13th under the theme "ASEAN 4.0: Entrepreneurship and the Fourth Industrial Revolution", the WEF announcement has reported.
Vietnam's index of industrial production (IPP) rose by 10.9% in the first seven months of 2018, compared with the 7.1% increase reported in the same period last year.
Prime Minister Nguyen Xuan Phuc had a dialogue in Ha Nam on May 20 with nearly 1,000 workers at industrial zones (IZ) in the Red River Delta.
Updating technology and revamping administration are crucial for the existence and development of Vietnamese businesses amidst the fourth industrial revolution, experts said at a workshop in Ho Chi Minh City on April 12.
The PM has approved a target program on investment in infrastructure of coastal economic zones, border economic zones, industrial parks, industrial clusters, high-tech parks and high-tech agriculture zones in the 2016-2020 phase.