AloTrip

Where do you travel?

trustpilot

Vietnam industry mounts over 7% in July

Fri, 01 Aug 2014. Last updated Mon, 01 Jun 2015 14:03

Related stories

The General Statistics Office announced the index of Vietnam industry in July 2014 with positive proportion of 7.5% compared to the same period of last year. This is one of the key indicators to measure "health" of Vietnam economy in general.

According to the socio-economic report of July 2014, in seven months, the index of industrial production increased by 6.2% year on year (increased 5.3% in the 1st quarter, and 6.9% in the 2nd quarter).

 

Processing and manufacturing

Car manufacture in Vietnam

 

Over seven months, industries of processing and manufacturing ranked top with an increase of 8.1% (7.4% in the 1st quarter and 8.6% in the 2nd one), contributing 5.7 percentage points to the overall growth of Vietnam industry. Some manufacturing industries have higher growth rates such as manufacturing electronic products, computers and optics, motor vehicles, leather and other related products, textiles, paper and paper-made products. Production and distribution of electricity increased by 11.4%, and contributed 0.8 percentage points. The branch of water supply, waste treatment, waste water increased by 6.5%, contributing 0.1 percentage points. Mining sector, in particular, kept declining by 1.7%, losing 0.4 percentage points in overall industrial growth.

In terms of manufactured products, the report showed a number of products reaching a seven-month increase compared to the same period in 2013 such as mobile phones (37.8%), automobile (27.3%), steel (23.8%), television (23.3%), footwear, leather footwear (19.5%), and dairy product (17.4%)... Local industrial index evaluated in seven months shows that Da Nang has the highest growth rate of 10.8%, followed by Quang Nam (10.2%) and Hai Phong (10%). Meanwhile, two “economic engines” including Ho Chi Minh City and Hanoi increased 6.2% and 4.2% respectively.

 

Inventory

Dung Quat Oil Refinery Plant

 

Besides, the report also reveals that the consuming figure of industry in Vietnam saw a fall in processing and manufacturing by 0.2% in June compared to May, but increased 8.9%year on year. Specifically, the consumption sectors having higher indices in six months are manufacturing electronic products, computer and optical products (increasing by 40%), production of leather and related products (rising by 20%), production of prefabricated metal (except machinery and equipment) mounting by 17% ...

Although production and consumption have positive changes, but the inventory index began rising again. At the time of July 1, 2014, the figures of industry-wide inventory of processing and manufacturing was 13.2% bigger than the same period in 2013. According to the report, the percentage of industry-wide inventory of processing and manufacturing on an average of six months was 77.2%, in which some sectors having high inventory are drug production, chemical production and chemical products…

 

New enterprises

Vietnam consumer goods attracts Japanenese investors

 

In July, the report shows that the number of new enterprises in Vietnam registering to establish is 5,083 ones with a total capital of 31,518 billion dong (falling 16.5% in the number of enterprises, and 45% in the capital). Accordingly, the figure of employee having job at these enterprises is 88 thousand of people, decreasing 1.1% month on month. However, there are nearly 5,000 enterprises being at risk of dissolving or suspending, falling 22.6% in comparison with the previous month.

In overall of seven months, there were 42,398 enterprises registering to establish with a total registered capital of VND262.4 trillion, falling by 7% in number and 17.8% of the registered capital compared to the same period in 2013. The analysts stressed that the processes of screening eliminating these enterprises would take place throughout the country. In particular, some businesses in difficulties are forced to dissolve and cease operations in seven-month term. The number of businesses is up to 37, 612 (up 9.8% compared to the same period in 2013).

  • View
    3700
  • Share
    0
  • Comment
    0
  • 0
  • 0
  • 0
Developing industrial production in Central Highlands Vietnam
Developing industrial production in Central Highlands Vietnam

To immerse in the development of Vietnam economy in the international integration, industrial production in Central Highlands Vietnam needs developing more to catch up with other regions in Vietnam and enhance some key factors in the country economy.

Vietnam - Korea Free Trade Agreement signed
Vietnam - Korea Free Trade Agreement signed

The Vietnam - Korea Free Trade Agreement has been signed successfully between representatives of Vientam and South Korea on May 5. The agreement has a significant meaning in the development of Vietnam economy and society in the region.

Vietnam Sustainable Development Business Forum 2015
Vietnam Sustainable Development Business Forum 2015

At the Vietnam Sustainable Development Business Forum 2015, Deputy Prime Minister had praised many achievements of businesses in Vietnam in terms of developing economy towards sustainable goals.

Vietnam and Russia hold conference of investment promotion
Vietnam and Russia hold conference of investment promotion

On May 20th, the conference of investment and commerce promotion between Vietnam and Russia was held in Ho Chi Minh City with the theme of “Hanoi – Moscow Center for Culture, Trade and Hotel: the commercial bridge between Vietnam and Russia.

Vietnam stock market receives huge investment from Singapore
Vietnam stock market receives huge investment from Singapore

Vietnam is becoming a potential destination for foreign investors. The clearest evidence is that Vietnam stock market continuously receives positive information from Singaporean investors in the early months.

Vietnam stock market attracts foreign investors
Vietnam stock market attracts foreign investors

With improved macroeconomic situation in Vietnam, low inflation and interest rates, Vietnam stock market is heading for the 14th year of constant net buying of foreigners. The improvement is accepted by international stock markets and financial community.

10 Vietnam hi-tech agricultural parks to appear by 2020
10 Vietnam hi-tech agricultural parks to appear by 2020

Vietnam hi-tech agriculture applications are being expanded in may agricultural parks and regions throughout the country. Accordingly, the development of agriculture in Vietnam will be improved, contributing to the development of the country’s economy.

Vietnam attracts large smartphone corporations
Vietnam attracts large smartphone corporations

The latest plans of Samsung and Microsoft have proved that investment in Vietnam is increasingly attracting large investors. Expectedly, Vietnam will be come a meeting place for high-tech corporations in the future.

Vietnam mergers and acquisitions market has a great potential
Vietnam mergers and acquisitions market has a great potential

On August 7, 2014, Vietnam Mergers and Acquisitions Forum 2014 took place in Ho Chi Minh City with a subject of Mergers And Acquisitions Before The Second Wave. The event was organized by an investment magazine of Ministry of Planning and Investment.

Vietnam business environment 2015 sees a better hope
Vietnam business environment 2015 sees a better hope

Most businesses and industry associations presage about Vietnam business environment in 2015 better than that in 2014. Many fields as taxation, customs, banking, and government pond will see a new reform in time to come.

Vietnam real estate market 2015 will flourish
Vietnam real estate market 2015 will flourish

In a workshop on a subject of "Forecasting Vietnam real estate market in 2015" held in Hanoi and Ho Chi Minh City in this month, real estate experts predicted that according to Housing Development Strategy 2020, Vietnam real estate 2015 will flourish.

Vietnam economy with opportunities and challenges in 2015
Vietnam economy with opportunities and challenges in 2015

2015 is considered to be an important year of the further and greater international integration of Vietnam economy. This is a not only the golden time of FTA between Vietnam and other countries but also an important milestone of establishing AEC.

Vietnam copyright in cooperation with South Korea
Vietnam copyright in cooperation with South Korea

Recently, Vietnam copyright has been improved by virtue of the cooperation with Korean Ministry of Culture, Sports and Tourism, Korean Copyright Committee. The cooperation helps literary works of Vietnam protected more efficiently.

Da Nang Tourism Logo and Slogan picked out
Da Nang Tourism Logo and Slogan picked out

Organizers of Da Nang Tourism Logo and Slogan Contest published first prize works on 30th April after more than 8 months of organization, from 13th July, 2013 to 20th March, 2014.

Nguyen Van Troi Bridge will be the first pedestrian bridge in Da Nang
Nguyen Van Troi Bridge will be the first pedestrian bridge in Da Nang

In the next August, Nguyen Van Troi Bridge spanning Han River will be renovated to be the first pedestrian bridge in Da Nang. The total fund of this project is about US $1 million. The bridge is expected to contribute to Da Nang tourism development.

Seaplane flight service in Vietnam for the first time
Seaplane flight service in Vietnam for the first time

Seaplane flight service in Vietnam is exploited commercially for the first time. The seaplane will be used on stage of Hanoi – Ha Long with the price of 10,000 million VND for a return ticket.

Vi-Giam folk singing gets UNESCO recognition
Vi-Giam folk singing gets UNESCO recognition

On 27 November, Vi-Giam folk singing, one of unique Vietnamese folk singing culture was nominated as an intangible cultural heritage by UNESCO. The recognition has a great significance to Vietnam culture in particular and humanity’s heritage in general.

ASEAN Health Ministers Retreat took place successfully
ASEAN Health Ministers Retreat took place successfully

On September 18 morning, in Hanoi, Prime Minister Nguyen Tan Dung attended and spoke at the 12th ASEAN Health Ministers Retreat themed Better health for ASEAN Community after 2015.

International Day of Happiness organized nationwide
International Day of Happiness organized nationwide

International Day of Happiness on March 20 will be held countrywide for the first time by Ministry of Culture, Sports and Tourism in collaboration with a number of branches based on the scheme approved by the Prime Minister.

Soho Street in Hong Kong is dying by COVID 19
Soho Street in Hong Kong is dying by COVID 19

Facing the constant shortage of customers due to the Covid-19 epidemic and the high renting expense, a series of restaurants on Soho Street - the Hong Kong's most bustling area had to close.

Landmark 81 – the highest building in Vietnam
Landmark 81 – the highest building in Vietnam

On December 13th, an 81-storey skyscraper named The Landmark 81, which belongs to luxury urban area Vinhomes Central Park was started construction by Vingroup. It is expected that this highest building in Vietnam will be inaugurated in 2017.

Starbucks Vietnam opens three stores in Hanoi
Starbucks Vietnam opens three stores in Hanoi

Starbucks will open its three coffee shops in Hanoi in the effort to conquer the demanding palates of residents in this city. According to a representative of Starbucks Vietnam, the first three stores will be opened in prime locations of Hanoi.

Ho Chi Minh City opens 2nd McDonalds restaurant
Ho Chi Minh City opens 2nd McDonalds restaurant

After the success of the first restaurant on Dien Bien Phu Street, District 1, McDonalds Ho Chi Minh City will open the second on May 16th. The new restaurant is located near Ben Thanh Market, on Tran Hung Dao Street.

Da Nang becoming the most worth-living city in Vietnam
Da Nang becoming the most worth-living city in Vietnam

39 years after the Vietnam Liberation Day, Da Nang has developed significantly in all aspects. More importantly, Da Nang City has leave impression on tourists and residents as the most worth-living city in Vietnam.

Vietnam economy forecasted to grow in 2014
Vietnam economy forecasted to grow in 2014

As global economy is having positive changes, Vietnam economy will be definitely boosted. It is expected to increase 5.6 percent in this 2014 thanks to the recovery of the United States and Eurozone in banking reforms.

Vietnamese middle class increases most rapidly in Asia
Vietnamese middle class increases most rapidly in Asia

According to a recent survey conducted by ANZ, it is reported that Vietnamese middle class increases most rapidly in Asia, about 2 million Vietnamese joining the middle-class of Vietnamese society every year.

Asia Park Da Nang begins forthcoming operations
Asia Park Da Nang begins forthcoming operations

Sun Group Corporation recently has celebrated groundbreaking ceremony to construct Asia Park Da Nang cultural park and recreation on 2/9 street with a total investment of $ 200 million.

Thu Thiem new urban area of Ho Chi Minh City in future
Thu Thiem new urban area of Ho Chi Minh City in future

Ho Chi Minh City decided to expand center area including the whole Thu Thiem new urban area. There are accordingly some changes in Ho Chi Minh districts as well as the city urban area.

Ho Chi Minh Vincom Center will open Kids World
Ho Chi Minh Vincom Center will open Kids World

The second Kids World will be opened on Dong Khoi Street by Ho Chi Minh Vincom Center, on April 25th. With a scale of more than 5000 square meters, Kids World is expected to be the paradise for children.

Attractive activities for Children Day in Hanoi
Attractive activities for Children Day in Hanoi

June 1st has been chosen as the International Children’s Day since 1950. On this occasion annually, a large number of attractive activities for Children Day in Hanoi will be celebrated in several attractions and amusement parks across the city.