The IIP in January fell by 4.4% compared to December 2023 but soared by 18.3% over the same period last year.

Vietnam enjoys trade surplus of 0.38 billion USD in January 2024.

Manufacturing continued to be the main driver of the economy, expanding by 19.3% and contributing 15.1 percentage points to the overall IIP increase.

Another positive sign is that the number of employees working for industrial enterprises as of January 1, 2024, rose by 0.5% over the previous month and 0.1% over the same period last year.

In addition, the country witnessed the establishment of 13,500 enterprises in January, up 2.2% against the previous month and up 24.8% against the corresponding period last year. About 13,800 enterprises resumed operation in January, 2.2 times higher than December but down 8.4% from the same period in 2023.

However, a total of 53,900 enterprises withdrew from the market in January, an increase of 22.8% over the same period in 2023.

Tourism was a highlight of the economy as the country welcomed over 1.5 million international visitors in the first month of 2024, up 10.3% compared to the previous month and up 73.6% over the same period last year.

2024 forecasts optimistic for industrial property, housing, M&A

The industrial property segment is likely to lead the real estate market in terms of growth while the housing segment is expected to become more active, according to experts.

Efforts exerted to complete infrastructure of new industrial parks

BAC GIANG – The northern province of Bac Giang and localities have recently accelerated the industrial development. Many industrial parks are established and put in operation. However, the site work has not been completed in some industrial parks, affecting investment attraction.

Vietnam promotes green industrial park development

Many localities in Vietnam have promoted converting traditional industrial parks to eco-industrial parks and also developed new green industrial parks.

Outstanding industrial products in rural areas honoured

As many as 173 products were recognised as national outstanding rural industrial goods in 2023 at a ceremony held by the Ministry of Industry and Trade in Hanoi on December 15.

Bac Giang develops industrial parks, creates motivation to attract investment

BAC GIANG – The Northern province of Bac Giang identified industrial development as one of the three pillars for comprehensive development of economic sectors. For recent years, the province has promoted the development of industrial parks (IPs) to create advantages in attracting investment and developing industry in a modern and sustainable direction. Dao Xuan Cuong - Head of the Industrial Park Management Board (IPMB) in Bac Giang province grant an interview around this issue.

Source: NDO