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Ngo Khai Hoan, Deputy Director of the Vietnam Industry Agency Ngo Khai Hoan, Deputy Director of the Vietnam Industry Agency: Industrial production recovers strongly With the government’s decision to switch from “Zero COVID-19” to safe and flexible adaptation to the pandemic, industrial production has seen strong recovery and has been restored to pre-pandemic levels, especially the manufacturing and processing sector. The added value of the industrial sector increased by 8.48 percent in the first half of 2022 compared to a year ago. The index of industrial production (IIP) grew by 8.7 percent in the first half of the year, with the manufacturing and processing sector going up by 9.7 percent. Almost all localities saw IIP increases, with high rates recorded in the provinces of Bac Giang, Bac Ninh, Quang Nam and Binh Phuoc. --------------------------------------------------------------------------- Tran Duy Dong, Director of the Domestic Market Department … [Read more...] about First-half industry and trade highlights

The Polish national pavilion at the 26th International Exhibition on Food & Beverage and Food Processing, Packaging Technology & Equipment that opened on Thursday at the Sai Gon Exhibition and Convention Centre in District 7. — VNS Photo Thu Hang The 26th International Exhibition on Food & Beverage and Food Processing, Packaging Technology & Equipment opened on Thursday at the Sai Gon Exhibition and Convention Centre in District 7. Vietfood & Beverage – Propack 2022 has attracted 350 exhibitors from 18 countries and territories, who are showcasing products, equipment and technology for the food and beverage industry and for food packaging and processing. There are national pavilions from India, Poland, South Korea, Russia, Singapore, Japan, and Indonesia. The event also features a series of seminars and business matching programmes on development prospects of the agricultural products intertrade between Viet Nam and Russia, development of Russian grain … [Read more...] about Food and beverage, packaging expos open in HCM City

Great opportunities Vietnam has climbed up the value chain over the years, becoming a key electronics manufacturing hub, attracting stable foreign direct investment with its sound macro fundamentals, preferential tax incentives and an abundance of relatively cheap and productive labor. Electronics, a major driving force of Vietnam’s export growth Vietnamese enterprises are increasingly integrating into the global production chain, as confirmed by international organizations, including the World Bank and the Hongkong and Shanghai Banking Corporation Limited (HSBC) in their reports. For decades an apparel and footwear exporter with a low value added, Vietnam has gradually become an important production center in the technology industry, according to HSBC. Ngo Dang Khoa, HSBC Vietnam’s Country Head of Markets and Securities, said Vietnam has become a production center of electronics and cell phone components, helping it lure an increasing number of foreign … [Read more...] about Vietnam’s star rises in global supply chains