MTA Vietnam is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726

Impressive Growth Of Industrial Production Creates Premise For 2022

11/01/2022

In 2021, the economy was heavily affected by the COVID-19 pandemic and the industrial production sector was no exception. However, thanks to the efforts of the Government, ministries, branches and localities, especially the creativity, flexibility and initiatives of enterprises, industrial production achieved breakthrough results, helping the industry to achieve impressive growth. This is an important premise for the entire industry to enter 2022, with greater expectations.

Component production line for electronic products at INOAC Vietnam Co., Ltd in Quang Minh Industrial Park (Hanoi). (Photo: Danh Lam)

For industrial production in the fourth quarter of 2021, General Director of the General Statistics Office (GSO) Nguyen Thi Huong said, after localities implemented Resolution No. 128/NQ-CP on October 11, 2021, the Government promulgated the temporary regulation “Safely adapting, flexibly, effectively controlling the COVID-19 epidemic”, industrial production has prospered clearly and the added value reached 6.52% over the same period in 2020.

For the whole year of 2021, the added value of the entire industry increased by 4.82% compared to 2020. In which, the processing and manufacturing industry increased by 6.37%, contributing 1.61% to the overall growth of the economy.

The production index in 2021, for several key industries also surged against 2020, such as metal production up 22.1%; motor vehicle production 10.2%; electronic, computer, and optical products 9.6%; and coal mining 9%.

Regarding FDI attraction over the year, the processing and manufacturing sector continued to lead with a registered FDI capital totalling 7.25 billion USD, accounting for 47.6% of the total newly-registered capital.

According to the Ministry of Industry and Trade (MoIT), many businesses have quickly regained their growth momentum after the Government issued Resolution No. 128/NQ-CP, on safely and flexibly adapting to and effectively controlling the pandemic.

Economic experts said that the results achieved in 2021, created an important premise for industrial production to achieve stronger development, thus serving as a main contributor to the economic growth.

Production of garments for export at Son Ha Garment Joint Stock Company (Son Tay town). (Photo: Viết Thành)

The MoIT will continue to focus on removing difficulties facing important industrial projects, and maximizing its support for factories in maintaining and recovering their production.

The industry and trade sector will also effectively implement measures of the Government in order to help businesses recover financial and labour resources serving their production.

Attention will also be paid to speeding up industry restructuring in the direction of increasing the proportion of processing and manufacturing industries and reducing the proportion of contracting and assembling for industrial products manufactured in Vietnam, gradually removing difficulties for enterprises to increase competitiveness and step by step establishing technical barriers for imports to support and raise the local content of domestic products.

Source: Baomoi

Share this post

You may be interested in

23/05/2022
Seminar “How To Reduce 8+1 Wastes In Manufacturing Operations”
With aims to support the local enterprises in manufacturing management and operation in the “new...
06/05/2022
Promoting energy saving in Vietnamese industries
On May 5 and 6, 2022, in Hanoi, the Ministry of Industry and Trade will coordinate with the World...
06/05/2022
Businesses worry about cutting off the supply of raw materials
The wave of re-epidemic outbreaks in China caused certain difficulties in the electronics...
06/05/2022
Steel sheet group’s profit was stable in the first quarter of 2022, except for one large company that declined
Although a lot is expected from a stable production system as well as domestic and...
06/05/2022
Domestic mechanical engineering enterprises: Is it possible to seize the golden opportunity?
In the wind power segment alone, by 2045 with an expected capacity of 40,000 MW and can be...
06/05/2022
COVID-19 is under control, industrial production increases by 9.4% over the same period
After the COVID-19 epidemic was under control, businesses were more proactive in terms of labor...
06/05/2022
Development of Vietnam’s mechanical industry: Recommendations to soon have a Mechanical Law
Only when it is “Lawized”, the mechanical engineering industry – one of the...
06/05/2022
In the first 4 months of the year, the index of industrial production increased by 7.5%
In the first 4 months of 2022, the total retail sales of consumer goods and services was estimated...
06/05/2022
Building an industrial development support center: Creating momentum, promoting growth
Over the past time, Vietnam’s industry has had a strong development with a high growth rate,...
06/05/2022
Creating new potentials to bring TKV Mechanical to approach the industrial revolution 4.0
Over the past years, the mechanical units of the Vietnam Coal and Mineral Industries Group (TKV)...

Subscribe to Our eNewsletters

    captcha
    BOOK A STAND
    ONLINE REGISTRATION
    Facebook stream
    Comments Box SVG iconsUsed for the like, share, comment, and reaction icons
    2 months ago
    MTA VIETNAM

    Tham Gia Giờ Trái Đất Cùng MTA Vietnam Để Chung Tay Kiến Tạo Tương Lai
    [English below]
    Là một phong trào môi trường có quy mô lớn nhất thế giới, Giờ Trái Đất đã tạo nguồn cảm hứng và thúc đẩy các cá nhân, cộng đồng, doanh nghiệp và tổ chức trên 190 quốc gia và vùng lãnh thổ hành động vì biến đổi khí hậu và mất môi trường tự nhiên. Đây cũng là sự kiện thuộc chuỗi phát triển bền vững từ Informa Markets với mong muốn tương tự. Hãy cùng MTA Vietnam tắt đèn từ 20:30-21:30 tối nay, thứ Bảy ngày 26/03/2022 và lắng nghe thông điệp hành động từ WWF toàn cầu trong Giờ Trái Đất 2022 nhé!
    ---------------------//
    Join Earth Hour with MTA Vietnam To Shape Our Future

    As the world's largest environmental movement, Earth Hour has inspired and motivated individuals, communities, businesses and organizations in 190 countries and territories to take action for climate change and loss of natural environment. This is also an event in the sustainable development chain from Informa Markets with the same desire. Let's turn off the lights with MTA Vietnam from 20:30-21:30 tonight, Saturday, 26/03/2022 and listen to the message from WWF during Earth Hour 2022!

    #earthhour #MTAVietnam #MTAHanoi #Manufacturing #Engineeering #MTAVietnamserries #MTAVietnamGoesHybrid #ManufacturingIndustry #MTAVietnam2022
    ...

    Tham Gia Giờ Trái Đất Cùng MTA Vietnam Để Chung Tay Kiến Tạo Tương Lai
[English below]
Là một phong trào môi trường có quy mô lớn nhất thế giới, Giờ Trái Đất đã tạo nguồn cảm hứng và thúc đẩy các cá nhân, cộng đồng, doanh nghiệp và tổ chức trên 190 quốc gia và vùng lãnh thổ hành động vì biến đổi khí hậu và mất môi trường tự nhiên. Đây cũng là sự kiện thuộc chuỗi phát triển bền vững từ Informa Markets với mong muốn tương tự. Hãy cùng MTA Vietnam tắt đèn từ 20:30-21:30 tối nay, thứ Bảy ngày 26/03/2022 và lắng nghe thông điệp hành động từ WWF toàn cầu trong Giờ Trái Đất 2022 nhé!
---------------------//
Join Earth Hour with MTA Vietnam To Shape Our Future

As the worlds largest environmental movement, Earth Hour has inspired and motivated individuals, communities, businesses and organizations in 190 countries and territories to take action for climate change and loss of natural environment. This is also an event in the sustainable development chain from Informa Markets with the same desire. Lets turn off the lights with MTA Vietnam from 20:30-21:30 tonight, Saturday, 26/03/2022 and listen to the message from WWF during Earth Hour 2022!

#earthhour #MTAVietnam #MTAHanoi  #Manufacturing #Engineeering #MTAVietnamserries #MTAVietnamGoesHybrid #ManufacturingIndustry #MTAVietnam2022
    2 months ago
    MTA VIETNAM

    MTA Vietnam 2022 Is Ready To Welcome The Return Of Our Exhibitors
    [Vietnamese below]
    With the latest news of ZERO QUARANTINE for international travelers entering Vietnam, MTA Vietnam 2022 is ready to welcome all of the international exhibiting companies to this year's exhibition at SECC, District 7, Ho Chi Minh City, Vietnam from 06-09/07/2022. MTA Vietnam is the leading prestigious exhibition of the engineering and manufacturing industry in Vietnam with a lot of experiences from organization to marketing promotion, promising in this return, MTA Vietnam will bring up many surprises to the community in and out of the country. Contact us to BOOK YOUR STAND NOW!
    ----------//
    MTA Vietnam 2022 Đã Sẵn Sàng Chào Đón Sự Trở Lại Của Các Nhà Trưng Bày

    Với những tin tức mới nhất về việc KHỒNG CẦN CÁCH LY đối với người nhập cảnh, MTA Vietnam 2022 đã sẵn sàng để chào đón các đơn vị trưng bày quốc tế đến với triển lãm năm nay tại SECC, Quận 7, tp. Hồ Chí Minh, Việt Nam từ 06-09/07/2022. MTA Vietnam là triển lãm uy tín hàng đầu trong ngành cơ khí chế tạo tại Việt Nam với nhiều kinh nghiệm từ khâu tổ chức đến quảng bá, tin chắc rằng sự trở lại lần này của MTA Vietnam sẽ làm cho cộng đồng cơ khí chế tạo trong và ngoài nước không khỏi bất ngờ. Liên hệ với chúng tôi để ĐĂNG KÝ GIAN HÀNG NGAY HÔM NAY!

    MTA Vietnam 2022
    ⏰ 06-09.07.2022
    📍 Trung tâm Hội chợ Triển lãm Sài Gòn - SECC, 799 Nguyễn Văn Linh, Quận 7, Tp. Hồ Chí Minh, Việt Nam
    ☎️ (+84) 28 3622 2588
    📩 [email protected]

    #MTAVietnam #MTAHanoi #Manufacturing #Engineeering #MTAVietnamserries #MTAVietnamGoesHybrid #ManufacturingIndustry #MTAVietnam2022
    ...

    MTA Vietnam 2022 Is Ready To Welcome The Return Of Our Exhibitors
[Vietnamese below]
With the latest news of ZERO QUARANTINE for international travelers entering Vietnam, MTA Vietnam 2022 is ready to welcome all of the international exhibiting companies to this years exhibition at SECC, District 7, Ho Chi Minh City, Vietnam from 06-09/07/2022. MTA Vietnam is the leading prestigious exhibition of the engineering and manufacturing industry in Vietnam with a lot of experiences from organization to marketing promotion, promising in this return, MTA Vietnam will bring up many surprises to the community in and out of the country. Contact us to BOOK YOUR STAND NOW!
----------//
MTA Vietnam 2022 Đã Sẵn Sàng Chào Đón Sự Trở Lại Của Các Nhà Trưng Bày

Với những tin tức mới nhất về việc KHỒNG CẦN CÁCH LY đối với người nhập cảnh, MTA Vietnam 2022 đã sẵn sàng để chào đón các đơn vị trưng bày quốc tế đến với triển lãm năm nay tại SECC, Quận 7, tp. Hồ Chí Minh, Việt Nam từ 06-09/07/2022. MTA Vietnam là triển lãm uy tín hàng đầu trong ngành cơ khí chế tạo tại Việt Nam với nhiều kinh nghiệm từ khâu tổ chức đến quảng bá, tin chắc rằng sự trở lại lần này của MTA Vietnam sẽ làm cho cộng đồng cơ khí chế tạo trong và ngoài nước không khỏi bất ngờ. Liên hệ với chúng tôi để ĐĂNG KÝ GIAN HÀNG NGAY HÔM NAY!

MTA Vietnam 2022
⏰ 06-09.07.2022
📍 Trung tâm Hội chợ Triển lãm Sài Gòn - SECC, 799 Nguyễn Văn Linh, Quận 7, Tp. Hồ Chí Minh, Việt Nam
☎️ (+84) 28 3622 2588
📩 mtavietnam@informa.com

#MTAVietnam #MTAHanoi  #Manufacturing #Engineeering #MTAVietnamserries #MTAVietnamGoesHybrid #ManufacturingIndustry #MTAVietnam2022
    Load more