HCM City (VNA) – Industrial production firms in HoChi Minh City have not yet showed signals of recovery due to the COVID-19pandemic.
According to the municipal Statistics Office, the city’s indexof industrial production decreased by 5.6 percent monthly in September. In ninemonths of this year, the index went down 12.9 percent year-on-year, mostly manufacturingand processing, electricity production and distribution, water supply and wastetreatment.
Only three sectors recorded expansion, including metal production up 3.5percent, electrical equipment up 1.7 percent, water exploitation and supply up0.1 percent.
Four key industries posted contraction in nine months, includingelectronics down 15 percent, food and beverages 14.5 percent, mechanicalengineering 8.1 percent, and pharmaceuticals 7.4 percent.
Con🥃sumption index of manufacturing and processing sector slumped by14.3 percent while that of metal production, and machinery and equipment up11.6 percent and 1 percent, respectively.
The above figures showed that local enterprises are meetingdifficulties in meeting delivery schedules due to supply chain disruption. Apart from stepping up vaccination and gradually resumingproduction and trade activities, the city is offering support to firms,including preferential loans to small and medium-sized enterprises, reducinglending rates, and waiving individual and corporate income taxes. The Finance Ministry forecast that due to the serious impacts ofthe pandemic, firms in several sectors still find it hard to recover,especially those working in tourism, aviation and transportation./.
Deputy Minister of Industry and Trade Do Thang Hai on August 3 emphasised the need to ensure the sufficient supply of essential goods for people, especially those in provinces and cities which are applying social distancing measures.
Following directions of the Government, the Ministry of Industry and Trade has coordinated with relevant ministries, sectors and agencies to implement measures to improve the competitiveness of businesses operating in supporting industry, thus promoting the growth of the sector.
In October, the Ministry of Planning and Investment (MPI) will submit to the Government an economic recovery plan, which defines the years of 2022 to 2023 as the time for the country’s recovery, according to MPI Minister Nguyen Chi Dung
Deputy Prime Minister Le Van Thanh on October 3 signed for issuance of a Prime Minister directive on restoring production at industrial production areas amid the COVID-19 pandemic.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Photo: VNA) 
