A car manufacturing plant in Vietnam (Illustrative image. Source: VNA) Hanoi (VNA) – Vietnam's socio-economic performance in July continued to see positive developments with equal growth in all the three sectors, namely macro economy, industrial production and services. According to the General Statistic Office, the index of industrial production (IIP) in the month rose 14.3 percent, the highest level since February this year. In the first seven months of this year, the country's IIP recorded the highest rise of 10.9 percent since 2012. The processing and manufacturing industry posted the strongest growth of 13.1 percent. Despite a year-on-year decline of 1.7 percent to 19.5 billion USD in July export turnover, that in the seven months rose 15.3 percent to 133.7 billion USD. The total retail sales of goods and services in July saw the highest growth of 13.3 percent since 2014. The newly-registered and increased foreign direct investment (FDI) in January-July period reached 18.15 billion USD, down 3.5 percent against the same period last year. However, the disbursement was estimated at 9.85 billion USD, a year-on-year increase of 8.8 percent. The number of newly-established firms in July decreased 7.8 percent against the previous month and 3.5 percent over the same… Read full this story
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