According to the Ministry of Industry and Trade, industrial production in the second quarter of 2022 has grown quite well because the production and business activities of enterprises witnessed a recovery with an estimated value-added rate of 9.87% over the same period last year. Along with a sharp increase in production, the inventory index of many processing and manufacturing industries had a sharp decrease compared to the same period last year. Typically: Production of products from rubber and plastic declined by 28%; Production of drugs, pharmaceutical chemicals, and medicinal materials dropped down by 58.8%; Motor vehicle production decreased by 29.9%; Production of other means of transport decreased by 27.8%...
In general, in the first 6 months of 2022, the export proportion of some key products still belongs to the FDI sector and the foreign-invested enterprise's sector. In which, phones and components have the largest export value, reaching 28.58 billion USD (up 14% over the same period last year); Computers, electronic products and components reached 27 billion USD (up 13%); machinery, equipment, tools and spare parts reached USD 21.3 billion (up 24.3%); textiles and apparel reached USD 18.65 billion (up 21.6%); footwear of all kinds reached 11.9 billion USD (up 14.8%)…
According to the Ministry of Industry and Trade, in the coming time, industrial production and export are expected to continue to prosper thanks to the recovery of the world economy and the full implementation of Free Trade Agreements (FTAs) of Vietnam. In addition, the wave of investment shifts to restructure the supply chain of foreign corporations with a large production scale and wide customer network will be a new driving force for import and export activities, leading to growth in domestic production.