HCM City (VNA) – Ho Chi Minh City’s index ofindustrial production (IIP) in March increased 25.9 percent month-on-month and5.5 percent year-on-year.
The index in the first quarter of this year rose 1 percent,with processing and manufacturing up 0.4 percent; power production anddistribution up 3.3 percent; and water supply and waste treatment up 4.2percent.
The business community in the southern economic hub expectsto utilise this growth to continue the stable recovery and development of industrialproduction.
Phan Minh Thong, Chairman of Phuc Sinh Group, pointed out thechallenges facing domestic enterprises, including fierce competition from e-commerceplatforms.
As a solution, he suggested Vietnamese enterprises diversifytheir export markets to bring into full play IIP growth.
Le Huynh Minh Tu, Deputy Director of the HCM City Departmentof Industry and Trade, said his department plans to organise meetings,consultations, experience exchanges and cooperation programmes withassociations and businesses at home and abroad.
It will also focus on trade and investment promotions across a range of markets andgroups of commodities to facilitate Vietnam’s accession to global value chains,while boosting cooperation in areas such as the digital economy, e-commerce,logistics and industry.
Statistics showed that between January 1 and March 13, 2022,HCM City licensed 8,477 firms with total registered capitalof over 140.3 trillion VND (6.14 billion USD), up 34.5 percent in volumebut down 5.7 percent in capital.
Of the businesses, 993 were in the industrial sector, withcombined capital of 30.7 trillion VND, down 44.1 percent year-on-year./.
With its import and export values growing 14.7 and 13.5 percent year-on-year to hit 24.6 and 31.5 billion USD in 2021, respectively, the southern province of Binh Duong recorded a trade surplus at 6.8 billion USD.
Ho Chi Minh City’s Industrial Production Index (IIP) in 2021 declined 14.3 percent though the figure rebound to grow 13.5 percent month-on-month in December, according to the municipal Department of Statistics.
The southern industrial province of Binh Duong looks to get its COVID-stricken economy back on track this year, aiming for an increase of 8 – 8.3 percent of the Gross Regional Domestic Products (GRDP).
Ho Chi Minh City’s Index of Industrial Production (IIP) rose 2.1 percent year-on-year in the first two months of 2022, according to the municipal Department of Statistics.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
Illustrative image (Source: VNA) 
