The national index of industrial production (IIP) rose by 0.7 percent in January 2017 compared to the same period last year, according to General Statistics Office data.
Tan Chong Motor Holdings Berhad’s car assembly factory in Da Nang (Photo: baochinhphu.vn)
Hanoi (VNA) - The nationalindex of industrial production (IIP) rose by 0.7 percent in January 2017compared to the same period last year, according to General Statistics Officedata.
The lagging growth was partly due to theweek-long break during the Tet holiday, but it is still the lowest IIP Januaryrise in the past 4 years, with January 2016 reporting a growth of 5.9 percent.
Regardless, several sectors experienced ahike in production, such as textile’s 16 percent rise, metal moulding’s 14.8 percentgrowth, and vehicle engines’ 9.9 percent increase.
Several other main industrial productionsalso achieved fair growth compared to the same period in 2016, such astelevision sets growing by 35.2 percent, steel by 22.3 percent, cattle feed by12.9 percent, processed seafood rose by 12.5 percent, crude steel by 7.2 percent,chemical paint by 7.7 percent and cement by 8.8 percent.
Other products had had little to no growth,even experiencing some decreases due to difficult markets and low consumerdemand, including leather footwear dropping by 2.8 percent, natural textile upby only 0.9 percent, motorbikes up by 1.6 percent. More drastically, powderedmilk dropped by 11.5 percent, refined sugar dropped by 12.3 percent, crude oildecreased by 15 percent and natural gas sagged by 23.5 percent.
Inventory index for January 2017 grew by8.3 percent, lower than the 9 percent rise in the same period in 2016, whichshows consumption is returning to a steadier pace.
By the end of December 2016, IIP for theentire 2016 experienced an 8.5 percent growth, lower than the 11 percent increasefor 2015.-VNA
The Mekong Delta province of Vinh Long has set to expand the local index of industrial production to 12 percent, and reach 42,000 billion VND in total retail sales of consumer goods and services, and 360 million USD in export turnover in 2017.
The northern province of Ha Nam has set a target of 56.5 trillion VND (2.48 billion USD) in 2017 industrial production, a rise of 15.4 percent over 2016.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
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.
Tan Chong Motor Holdings Berhad’s car assembly factory in Da Nang (Photo: baochinhphu.vn) 
