Vietnam’s industrial production recorded an increase of 4.82 percent in added value compared to 2020, according to figures from the General Statistics Office (GSO).
Industrial production up 4.82 percent in 2021 (Photo: VNA)
Hanoi (VNA) - Vietnam’sindustrial production recorded an increase of 4.82 percent in added value compared to 2020, according to figures from the GeneralStatistics Office (GSO).
Notably, the processing and manufacturing field saw a rise of 6.37 percent in added value, contributing 1.61 percent to the overall growth of the economy.
The production index in 2021 of several key industriesalso surged against 2020, such as metal production up 22.1 percent; motor vehicle production 10.2 percent; electronic, computer, and opticalproducts 9.6 percent; and hard and ion coal mining 9 percent.
Regarding FDI attraction in the year, the processing and manufacturing sectorcontinued to lead with registered FDI capital totaling 7.25 billion USD, accountingfor 47.6 percent of the total newly-registered capital.
According to the Ministry of Industry and Trade (MoIT), many businesses havequickly regained their growth momentum after the Government issued ResolutionNo. 128/NQ-CP on safely and flexibly adapting to and effectively controlling the pandemic.
Economic experts said that the results achieved in 2021 create an importantpremise for industrial production to achieve strongger development, thus servingas a main contributor to the economic growth.
The MoIT will continue to focus on removing difficulties facing importantindustrial projects, and maximizing its support for factories in maintaining andrecovering their production.
The industry and trade sector will also effectively implement measures of the Governmentin order to help businesses recover financial and labour resources servingtheir production.
Attention will also be paidto speeding up industry restructuring in the direction of increasing theproportion of processing and manufacturing industries and reducing theproportion of contracting and assembling for industrial products manufactured inVietnam, gradually removing difficulties for enterprises to increasecompetitiveness and step by step establishing technical barriers for imports to support and raise the local content of domestic products ./.
Vietnam’s industrial production index went up 5.5 percent in November compared to the previous month and rose by 5.6 percent year-on-year, reported the General Statistics Office (GSO).
Hanoi has launched a plan to foster the development of key industrial products (KIP) in 2022, expecting 30-35 products to earn the recognition next year.
Vietnam’s industrial production index went up 5.5 percent in November compared to the previous month and rose by 5.6 percent year-on-year. On a 11-month calculation, the index rose by 3.6 percent annually.
Ho Chi Minh City’s Index of Industrial Production (IIP) decreased 15.5 percent year-on-year in the first 11 months of this year despite growth of 13.3 percent in November, according to the municipal Department of Industry and Trade (DoIT).
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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.
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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.
Industrial production up 4.82 percent in 2021 (Photo: VNA) 
