Industry-wide production index (IIP) in Ho Chi Minh City in March 2022 has increased 25.9% compared to February 2022 and increased 5.5% compared to the same period last year.

Although the price market is affected by the price of gold, the world’s oil price; the number of COVID-19 cases also tends to increase when activities are almost fully open… but production and business activities in the city. Ho Chi Minh City is not much affected.

Specifically, the industrial production index (IIP) in the city in March 2022 increased 25.9% compared to February 2022 and increased 5.5% compared to the same period last year.

In general, in the first quarter of 2022, IIP in Ho Chi Minh City increased by 1% over the same period; In which, processing and manufacturing industry increased by 0.4%; electricity production and distribution increased by 3.3%; water supply and waste treatment increased by 4.2%…

Report of the Department of Industry and Trade of Ho Chi Minh City shows that in the group of level II industries, there are 20/30 industries with industrial production index in the first quarter of 2022 increased compared to the same period.

Some industries have high growth indexes such as other processing and manufacturing industries; production of rubber and plastic products; printing and copying records of all types; production of drugs, chemicals and pharmaceutical materials; production of electrical equipment…

There are 4 key industries, the index of industrial production in the first quarter of 2022 increased by 5.4% compared to the same period, including: pharmaceutical industry increased by 18.9%; mechanical engineering increased by 4.0%; food, food and beverage industry increased by 3.2%; only electronics industry decreased by 12.9%.

With the index of industrial production in the first quarter of 2022 of many groups of industries, fields of increase, business community in Ho Chi Minh City. Ho Chi Minh expects to take advantage of this momentum to continue stabilizing, recovering and developing industrial production.

Besides, at present, Ho Chi Minh City Ho Chi Minh City is one of the localities to open up domestic and international markets, as well as promote the reconnection of trade, investment, tourism… These are favorable conditions for businesses to “freeze” the market in the future.

According to Phan Minh Thong, Chairman of the Board of Directors of Phuc Sinh Group, with the domestic market, when socio-economic life returns to a “new normal” state, enterprises also face many challenges.

Although the Vietnamese business community, including manufacturing enterprises, has built an online sales method during the COVID-19 outbreak, it still suffers fierce competition from e-commerce brokers in the context of declining purchasing power in the market.

As for export markets, the Russian-Ukrainian war is still complicated and has a significant impact on trade and investment activities of Vietnamese enterprises.

Therefore, enterprises must be flexible to the global market by diversifying markets to take advantage of production growth momentum.

Because, the domestic production conditions have been facilitated, the supply chain for production is gradually reconnected… but if it is not possible to sell the goods, the enterprise still has difficulties in administration and ensuring the growth target of 2022.

At the same time, Ms. Luu Le Quyen, General Director of Binh Tien Consumer Goods Production Co., Ltd. (Biti’s) said that, in the new normal period, enterprises still have to listen to new needs in both business production chains and consumers.

Since then, developing production and business strategies and applying technology in accordance with the operating model, human resources… in addition to favorable conditions from the policy mechanism, opportunities from the market…

Typically, digital transformation serves people, but if people do not have digital thinking, the efficiency of technology application is difficult to achieve high performance and promote production and business activities. On the other hand, in the operation of the enterprise, the system is extremely important and it is a great asset of the enterprise.

At the same time, this is also the foundation to gradually change the thinking of digital transformation and the application of technology to bring practical benefits to corporate governance.

To promote production, business, trade, investment activities… in the city, Mr. Le Huynh Minh Tu, Deputy Director of Department of Industry and Trade of Ho Chi Minh said that the commercial industry is planning to organize a series of programs to meet, consult, exchange experiences and cooperate with domestic and foreign associations and enterprises.

Specifically, recently, the Department of Industry and Trade of Ho Chi Minh City has organized meetings and dialogues between the Office of Foreign Merchants Representative in Vietnam and State management agencies.

Through this, representatives of many departments and agencies of Ho Chi Minh City. Ho Chi Minh has introduced procedures, investment processes and preferential policies to enterprises and investors. At the same time, support to remove the bottlenecks of the Representative Office of foreign traders and foreign investors in Ho Chi Minh City. Ho Chi Minh City

According to the plan, the Department of Industry and Trade and the Department of Ho Chi Minh City will coordinate with the groups of representative offices of foreign traders on each topic in the coming time. Industry and trade will focus on promoting trade and investment in each market group and commodity group (tangible and intangible) for Vietnam to participate in the global value chain; promoting development cooperation in some fields such as digital economy, e-commerce, logistics, industry…

Statistics in the city from January 1 to March 13, 2022, Ho Chi Minh City has licensed 8,477 enterprises with registered capital of VND 140,134 billion. Compared to the same period, the number of licenses increased by 34.5% and capital decreased by 5.7%.Particularly for the industrial and construction sector, Ho Chi Minh Citylicensed 1,766 enterprises, up 38.9% compared to the same period; registered capital reached VND 38,155 billion, down 42.6%; in which, the industry group had 993 units with registered capital of VND 30,700 billion, down 44.1% in terms of capital compared to the same period.

Source: Bnews