Ngo Quang Trung, head of the MoIT’s Agency for Regional Industry and Trade, reported that industrial production experienced a robust recovery of 18.3%, and exports surged 42% last month.

Industrial production experienced a robust recovery of 18.3%, and exports surged 42% in January.

The ministry issued directives, asking stakeholders to put in place a market stabilisation programme, focusing on ensuring the supply of essential food items at stable prices during the Lunar New Year (Tet) festival, which lasted from February 8-14.

Additionally, it brought made-in-Vietnam products to rural, mountainous and island areas, while intensifying market inspections and controls to prevent smuggling and trade fraud.

Notably, the ministry held working sessions with the Departments of Industry and Trade of Hanoi and Ho Chi Minh City over preparations for Tet in localities, he said.

Trung stressed that the total value of Tet stockpiles by businesses increased by around 10-12% as compared to other months, adding the market stabilisation programme was rolled out in many localities and responded by various enterprises, including major retailers like Saigon Co.op, Central Retail, MM Mega Market, Lotte and BRG Mart.

Market management forces worked round the clock during the festival, effectively materialising the directives of the National Steering Committee for Anti-smuggling, Counterfeit Goods and Trade Fraud (National Steering Committee 389) and the ministry.

Most businesses suspended production during the holiday, except for some in steel, paper, cement, electronics, and automotive industries, which still maintained part of their production.

The supply of electricity to the national power grid was ensured both before and during Tet, with no major incidents reported, the official said.

PM receives President of US Semiconductor Industry Association

Prime Minister Pham Minh Chinh hosted a reception in Hanoi on December 7 for President of the US Semiconductor Industry Association (SIA) John Neuffer and leaders of major US semiconductor companies such as Intel, Qualcom, Ampere and ARM, who are on a working visit to Vietnam.

Vietnam has necessary conditions, factors to develop semiconductor industry

In the near future, Vietnam will become a reliable partner and an important link in the global semiconductor manufacturing and supply chains, according to Minister of Planning and Investment Nguyen Chi Dung.

Vietnam hastens workforce training for semiconductor industry

Though bringing in billions of USD in revenue, the Vietnamese semiconductor industry is still facing a host of challenges, especially the shortage of a skilled workforce.

Hanoi modernises logistics industry

The capital city of Hanoi has been carrying out measures to become a logistic hub in Vietnam and Southeast Asia.

Bac Ninh wants to cooperate with US in developing semiconductor industry

Bac Ninh wants to cooperate with the US Semiconductor Industry Association (SIA) to build a high technology ecosystem for the North of Vietnam in the province, especially in semiconductor and chip production, Secretary of the provincial Party’s Committee Nguyen Anh Tuan said when receiving SIA President John Neuffer on October 27.

Source: VNA