HCM City’s industrial production regains attractiveness to investors
Ho Chi Minh City’s Index of Industrial Production (IIP) in the first nine months of this year increased by 3.2% year-on-year, regaining its attractiveness to foreign investors, suppliers and clients.
Ho Chi Minh City’s Index of Industrial Production (IIP) in the first nine months of this year increases by 3.2% year-on-year. (Photo: VNA)
HCM City (VNA) – Ho Chi Minh City’sIndex of Industrial Production (IIP) in the first nine months of this yearincreased by 3.2% year-on-year, regaining its attractiveness to foreigninvestors, suppliers and clients.
Earlier, the seven-month and eight-month figuresstood at 2.2% and 2.6%, respectively, which demonstrated that industrialproduction in the country’s southern biggest economic hub has overcome thedownturn period. In September alone, the index went up 2.9%month-on-month, and 8.1% year-on-year.
According a survey conducted by HCM City’s competentagencies among local processing and manufacturing enterprises, 31.8% saidtheir production and business got better in the third quarter as compared withthe previous three months, 35.4% said their operations remained stable and32.8% said they faced more severe obstacles.
Notably, State-owned enterprises were the most optimistic,with up to 89.7% saying their operations got better or remained stable, ascompared with 65.3% and 65.2% in foreign-invested and non-state businesses.
For the fourth quarter, 35.8% of the respondentshoped for better performance, 36.8% expected stability in production andbusiness, and 27.3% forecast more difficulties. Up to 76.9% of State firms showedoptimistic views, while that among foreign-invested and non-State enterpriseswas 73.3% and 70.3%, respectively.
HCM City's industrial production is regaining its attractiveness to foreign investors, suppliers and clients. (Photo: VNA)
Over the past time, a range of fairs and exhibitionsin HCM City showcasing machinery, equipment and materials in service ofindustrial production have attracted the participation of businesses from manycountries and territories.
Vietnam is stepping efforts to achieve its target ofnet zero carbon emissions by 2050, which would create favourable conditions forinvestors and suppliers to engage in industrial production in Vietnam ingeneral and HCM City in particular./.
Vietnam’s economy started the second half of this year with positive signals which are expected to pave the way for a better recovery in the coming time.
The index of industrial production (IIP) in Hanoi rose by just 2.3% year on year in the first half of 2023, making it a heavy task for the city to reach the year’s IIP growth target of 7.5 - 8%.
The Government’s financial and monetary policy packages have gradually supported enterprises to stabilise production, particularly the 2% VAT Reduction which has received a warm response from the business community.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
Ho Chi Minh City’s Index of Industrial Production (IIP) in the first nine months of this year increases by 3.2% year-on-year. (Photo: VNA) 
HCM City's industrial production is regaining its attractiveness to foreign investors, suppliers and clients. (Photo: VNA) 
