Industrial production index up 9 pct in August

The industrial production index in August grew nine percent from the same period last year, according to the General Statistics Office under the Ministry of Planning and Investment.

The August industrial production index ups 9 percent from a year earlier (Photo: VNA)

Accordingly, the electricity and processing/ manufacturing sectors saw their production increasing by 11.1 percent and 10.6 percent, respectively, followed by water supply and waste treatment industry at 9.4 percent. A modest rise of 2.8 percent was seen in the mining industry.

The northern province of Thai Nguyen posted an impressive industrial production index with gain exceeding 193 percent while many industrial hubs nationwide also saw good growth such as Hanoi (7.4 percent), Hai Duong (10 percent), Binh Duong (8.6 percent), Dong Nai (8 percent) and Ho Chi Minh City (6.8 percent).

August also saw the birth of 9,301 enterprises across Vietnam with registered capital reaching VND 55.2 trillion ( US$ 2.46 billion) and the temporary and permanent closure of 7,595 businesses.

Source:VNA

Other news

Most view

Storm Son Tinh to weaken into tropical low-pressure on July 19

Storm Son Tinh to weaken into tropical low-pressure on July 19

According to the national center for Hydro Meteorological Forecasting, the 3rd storm  Son Tinh at 16pm July 18 centered at 18.8 degrees latitude, 107.5 degrees east longitude, on the Tokin Gulf, 190km from Thanh Hoa to Quang Binh provinces.


Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

BLF & LUT fined VND 145mln

The State Securities Commission of Vietnam (SSC) has just issued administrative fines worth VND 145 million to Bac Lieu Seafood Corp (BLF) and Luong Tai Investment & Construction Corp (LUT).