INDUSTRIAL PRODUCTION POSTS FASTEST NINE-MONTH GROWTH SINCE 2019
The Industrial Production Index (IIP) rose 12.3 per cent in January - September over the same period last year, the fastest nine-month growth since 2019, with the manufacturing and processing remaining the main driver of expansion, the National Statistics Office said at a briefing on October 3. The IIP rose 14.8 per cent year-on-year in the third quarter, marking the third consecutive quarter of double-digit growth.
VIỆT NAM’S PEPPER EXPORTS TOP $1.3 BILLION, MAINTAIN GROWTH MOMENTUM
Việt Nam exported 202,414 tonnes of pepper from the beginning of this year to September 15, earning US$1.32 billion in revenue, up 15.2 per cent in volume and 10.3 per cent in value year-on-year. The outlook for the pepper industry remains positive, but greater efforts are needed to standardise growing areas, improve product value and strengthen competitiveness.
LOW-ALTITUDE ECONOMY COULD GROW TO $500 MILLION BY 2035
Việt Nam's low-altitude economy is at an early stage of development and is forecast to grow by around 13 per cent annually by 2035. Việt Nam is seeking to develop a broader low-altitude economy ecosystem, moving beyond drone manufacturing to applications, data services and supporting infrastructure, as unmanned aerial vehicles (UAVs) create new opportunities in agriculture, logistics, energy, transport and other sectors.
FIRMS EXPECT STRONGER Q4 ACTIVITY DESPITE COST, FINANCING PRESSURES
More than VNĐ5 quadrillion is registered to be poured into the economy in the first nine months of this year, up 6.1 per cent. Enterprises are expecting stronger business and production in the last quarter of this year, with new orders, output and labour demand set to improve, although high input costs and cash-flow constraints remain major concerns, according to a survey by the National Statistics Office (NSO) released late last week.
HCM CITY SAYS HOW IT PLANS TO ACHIEVE 10-11% ANNUAL EXPORT GROWTH FOR REST OF DECADE
The southern economic hub aims to strengthen its role as the country’s largest import-export centre while developing into a regional transhipment centre in Southeast Asia, supported by green and digital transformation and a circular economy. HCM City has outlined measures to expand production capacity, cut logistics costs, diversify export markets, and help businesses meet increasingly stringent international standards as it targets average annual export growth of 10-11 per cent through 2030.
HCM CITY LEADS ECONOMIC RESTRUCTURING IN SOUTHEAST REGION
According to Associate Professor, Dr Vũ Tuấn Hưng, director of the Institute of Social Sciences of the Southern Region, the Southeast is a strategically important socio-economic space in Việt Nam’s development given its advantages in location, industry, trade, services, logistics, science and technology, urbanisation and human resources.
NEW OPPORTUNITIES FOR VIỆT NAM’S SEAFOOD EXPORTS
The conclusion of negotiations on the Việt Nam-European Free Trade Association (EFTA) Free Trade Agreement after 14 years of talks has opened new opportunities for Việt Nam’s seafood export sector to access some of Europe’s most developed markets, which boast strong purchasing power and high standards.
TILAPIA EXPORTS TO BRAZIL SURGE 222 TIMES IN EIGHT MONTHS
Brazil is emerging as a key market for Vietnamese tilapia with import value surging sharply by more than 222 times to US$44 million in the first eight months of the year. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in August, exports totaled $4 million. The cumulative figure for the eight-month period reached $44 million, a surge of more than 222 times the level recorded a year earlier.
