PROCESSING AND MANUFACTURING INDUSTRY IN VIETNAM

Invest in Vietnam - Data updated in 11 months of 2017 Industrial production continued to increase over the same period last year, with production index of the whole industry in November increased 17.2% over the same period in 2016; In 11 months of 2017, industrial production index increased 9.3% over the same period last year. As estimated by the General Statistics Office (MPI), industrial production continued to increase over the same period last year. Industrial production index in November was estimated to increase by 17.2% over same period last year, of which the processing and manufacturing sector increased by 24.3%; up 13% of electricity production and distribution; up 10% of water supply and waste treatment; Only mining sector decreased 4.1%. In the aggregate for 11 months of 2017, industrial production index increased 9.3% over the same period last year, higher than the increase of 8.7% in 10 months this year and much higher 7.4% for the same period of 2016.

Investment in Vietnam - Invest in Processing and Manufacturing Sector. Data updated in the first 9 months of 2017 According to the General Statistics Office of Vietnam (GSO), industrial production index in September increased by 13.2% against the same period last year, of which the processing and manufacturing sector increased high at 19.5%, electricity production and distribution increased by 10.4%, water supply and waste treatment increased by 8.4%; Particularly the mining sector continued to decline by 6%. In the aggregate for 9 months of 2017, industrial production index increased  by 7.9%, higher than the increase of 7.1% in the same period of 2016 and  of 7.2% of 8 months this year (including 3.9% in the first quarter, 8.1% in the second quarter and 9.7% in the third quarter). In all industries, some sectors have a 9 month manufacturing index increased high against the same period last year, such as: electronic product, computers and optical products of up 25.

Processing and manufacturing industry in Vietnam Up to 2035, Vietnam will invest in high-tech manufacturing projects , such as robot, intelligent devices, microelectronic systems, nano mechatronic systems, CNC machine control software and mechatronics products. Processing and manufacturing industry in Vietnam The Ministry of Industry and Trade has issued Decision 4772 approving the master plan for industry and trade development of the Tonkin Gulf economic belt to 2025 with vision to 2035. The planning aims to build linking in the industrial and commercial development of the Tonkin Gulf economic belt with two economic corridors in order to effectively exploit its potential, advantages for industrial and trade development of localities in the region in particular and of the economic belt in general. Regarding the specific objectives, the master plan determines that the average growth rate of industrial production value in the period 2016-2020 is about 11.0% - 11.