HCMC’s Index of Industrial Production (IIP) in the first quarter of 2023 declined by 0.9 percent compared to the same period last year, the municipal Department of Industry and Trade reported at a press conference on April 3.
In the first 11 months of 2022, the consumer price index (CPI) increased by an average of 3.02 percent over the same period last year, possibly achieving the target assigned by the National Assembly (not exceeding 4 percent).
By the end of the first quarter of 2022, industrial production in Ho Chi Minh City has prospered, with the added value of the whole industry increasing by 5.5 percent. Along with that, export turnover of goods is estimated at nearly US$11.9 billion, up 3.5 percent; foreign direct investment capital reaches nearly VND10 trillion. This shows that HCMC's economic growth is recovering strongly.
The General Statistics Office of Vietnam, this morning, announced that the index of industrial production (IIP) in July merely rose by 1.8 percent over the previous month and 2.2 percent year-on-year, the lowest increase in the past seven months, except February with the fewest number of working days.
The General Statistics Office of Vietnam (GSO) has just said that thanks to a fairly high increase in industrial production in January this year compared to January last year, the index of industrial production (IIP) in the first two months of this year still rallied 7.4 percent year-on-year.
The Department of Industry and Trade of Ho Chi Minh City, on January 13, held a conference to summarize its activities in 2020, deploy the plan for 2021, and honor the typical industrial and supporting industry products in HCMC in 2020.
The Statistics Office of Ho Chi Minh City held a press conference to announce the socio-economic statistics of the city in 2020 on December 29 with the attendance of Ms. Phan Thi Thang, Vice Chairwoman of the municipal People's Committee.
Nearly 93,500 enterprises have had to leave the market since the beginning of this year, an increase of 15.6 percent over the same period last year. The Covid-19 pandemic has developed complicatedly and has been negatively affecting the production of domestic enterprises.
Mr. Nguyen Thanh Phong, member of the Central Party Committee, Chairman of the People's Committee of Ho Chi Minh City, on November 3 chaired a meeting on economic, cultural, and social situation and national defense and security in October and the first ten months of the year, and deploy missions and solutions for November.
The purchasing power in the market has shown signs of improvement, but in general, it remains extremely weak. Especially in markets, purchasing power is significantly decreasing. The situation that small traders hand back their stalls or stop their business to avoid taxes and fees has commonly happened.
The report of the Department of Industry and Trade of Ho Chi Minh City on the situation of industrial production and commercial activities in the city in the first eight months of this year has shown many bright spots with basic indexes of industry, retail sales, and exports all making increases, although the increases were not as high as those in the same period of previous years.
The Department of Industry and Trade of Ho Chi Minh City said that in the first six months of this year, the city's industrial production index (IIP) still maintained a good growth rate, an estimated increase of 1.8 percent increase over the same period last year with four key industries, including electronics manufacturing, food, foodstuff, and beverage processing, chemicals, rubber, and plastic, and mechanics, estimated to increase by 2 percent.