According to the Ministry of Industry and Trade, the IIP increase in October was the highest since April 2023.

The IIP increase in October is the highest since April 2023, according to the Ministry of Industry and Trade.

In October, the manufacturing and processing industry rose by 4.9%, electricity production and distribution went up by 5.6%, and water supply and waste and wastewater treatment grew by 5.2%, over the corresponding period in 2022. Meanwhile, the mining industry fell by 5.7%, against the same period last year.

Vietnam’s IIP in the ten months of this year posted a slight increase of 0.5% over the same period in 2022, due to the global economic decline, particularly in the early months of this year.

During the ten months, the manufacturing and processing industry expanded by 0.5%, while electricity production and distribution rose by 2.6%.

The 10-month production of several industrial products grew strongly compared to the same period last year, including rubber and plastic up 9.5%, tobacco products up 9.1%, prefabricated metal products (except machinery and equipment) up 8.7%, metal ore exploitation up 6.3%, and food products up 6.1%.

Some industries reported a reduction in production, such as motor vehicle production down 4.1%, crude oil and natural gas exploitation down 4%, and non-metallic mineral products down 3.7%.

Minister of Public Security urges Bac Giang to maintain security and order in industrial parks and clusters

BAC GIANG – The working delegation from the Central Public Security Party Committee led by General To Lam, Politburo member, Secretary of the Central Public Security Party Committee, Minister of Public Security on October 20 worked with the Standing Committee of the Bac Giang provincial Party Committee (PPC).

Industrial land rents soar as foreign investors flock to Vietnam

Industrial land lease rents in the north and the south have respectively increased by 35% and 14.5% this year amid an influx of foreign investors, especially in manufacturing.

Industrial production value continues to grow

BAC GIANG - The industrial production value (real prices) in Bac Giang province is estimated at over 56 trillion VND (about 2.4 billion USD) in October (up 8.3 percent compared to the previous month) and more than 407 trillion VND in 10 months (up 19.9 percent ​​over the same period), reported the provincial Department of Industry and  Trade.

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

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).

Over 1.7 million USD invested to build route connecting Dong Dinh industrial cluster and provincial road 298

BAC GIANG - The Construction Project Management Board of Tan Yen district (Bac Giang province) has prepared conditions to commence the route from Dong Dinh Industrial Cluster in Cao Thuong town to provincial road 298 at the end of this October.

Source: NDO