Infographic Industry in December and 2020

The Covid-19 pandemic was well controlled in the country, the EU and Vietnam Free Trade Agreement (EVFTA) has been implemented, so industrial production in the fourth quarter of 2020 has prospered.

Press release socio-economic situation in the fourth quarter and 2020

Gross domestic product (GDP) in 2020 was estimated to increase by 2.91% over the last year, although being the lowest increase of the period 2011-2020, but in the context of the Covid-19 pandemic, negatively affecting all socio-economic fields, this is a great success for Vietnam with the growth rate in 2020 among the highest in the world.

Socio-economic situation in the fourth quarter and 2020

2020-The year of significant importance, the last year of the five-year socio-economic development plan 2016-2020 implementation. The results of production and business activities in 2020 are the basis and motivation for the formulation and implementation of the socio-economic development plan in 2021-the first year of the socio-economic development plan 5 years 2021-2025.

The Textile, Garment and Footwear industries in the context of the Covid-19 pandemic

The Textile, Garment and Footwear industries are two of the industries heavily affected by the Covid-19 pandemic. The interrupted supply chain of input materials, the import markets had to close due to the implementation of social lockdown to prevent a pandemic, the decrease in demand for products were the difficulties that the industry faced this year. However, in the last months of the year, the sector's growth got a boost when the pandemic was well controlled in Vietnam.

Index of Industrial Production in 2020

The Covid-19 pandemic was well controlled in the country, the EU and Vietnam Free Trade Agreement (EVFTA) has been implemented, so industrial production in the fourth quarter of 2020 has prospered with an increase in value added by 4.8% over the same period last year

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