In June, the IIP rose by 13 per cent in the processing and manufacturing sector. — Photo congthuong.vn The Ministry of Industry and Trade (MoIT) will focus on removing difficulties in industrial sectors in the second half of this year, especially the processing and manufacturing industry, to expand production and business. It plans to work closely with foreign-invested firms such as Samsung and Toyota and search for local producers to make raw materials and components to replace imports. The ministry has suggested localities develop material production regions, industrial parks and economic zones to ensure they have raw materials for domestic production. It will also propose preferential policies for the textile and footwear industries as well as other sectors that have suffered greatly from the COVID-19 pandemic. It will build incentive mechanisms for the production of materials for those sectors. The MoIT predicts that in the second half of the year, the domestic electronics industry will still be greatly affected by the pandemic that could reduce demand for electronic products in the US and Europe. Samsung Vietnam is expected to reduce its export target to about US$45.5 billion, lower than the export value of $51.38 billion in 2019. However, the ministry… Read full this story
- The Nordstrom Half-Yearly Sale Has Tons Of Great Activewear Deals This Year
- 'Dancing Doctor' agrees to two-and-a-half-year suspension of medical license, records show
- Things looking up for second half
- IPOs 2001: Second-half rebound due?
- Microsoft Patch Rate Surged in Second Half of 2008
- Online ad revenue strong first half of 2008: What about the second half?
- Intel's Otellini: Strong second half; recovery coming in 2010
- Red Hat preps RHEL 7 for second half of 2013
- Microsoft says server application virtualization coming in second half of 2011
- Intel updates Atom lineup; Eyes second half Nehalem push
MoIT aims for production growth in second half of year have 306 words, post on bizhub.vn at July 11, 2020. This is cached page on Talk Vietnam. If you want remove this page, please contact us.