Industrial production is the driving factor for economic growth in 2022- VIMF 2022

For the whole year of 2021, the added value of the whole industry will increase by 4.82% compared to 2020, this is an important factor in promoting the country’s economic growth in 2022.

“Overcoming many difficulties, the whole industry continued to prosper. The added value of the whole industry in 2021 increased by 4.82% compared to 2020. This is an important factor in promoting the country’s economic growth in the coming years. 2022,” said Ms. Nguyen Thi Huong, Director General of the General Statistics Office.

According to the General Statistics Office, industrial production in the fourth quarter of 2021 prospered right after localities across the country implemented Resolution No. 128/NQ-CP dated October 11, 2021 (Resolution No. 128) of the Government. Government on safe, flexible adaptation and effective control of the COVID-19 epidemic with a value-added growth rate of 6.52% over the same period last year.

For the whole year of 2021, the added value of the whole industry increased by 4.82% compared to 2020 (in the first quarter, it increased by 6.44%; the second quarter increased by 11.18%; the third quarter decreased by 4.4%; the fourth quarter). increase by 6.52%); in which, the processing and manufacturing industry increased by 6.37%, contributing 1.61 percentage points to the overall growth of the whole economy.

Notably, the electricity production and distribution industry increased by 5.24%, contributing 0.19 percentage points; water supply industry, management and treatment of waste and wastewater increased by 4%, contributing 0.02 percentage points; the mining sector decreased by 6.21% (due to a decrease in crude oil production by 5.7% and a decrease of 19.4% in natural gas), reducing 0.23 percentage points in the overall increase.

The production index in 2021 of a number of key secondary industries increased sharply compared to the previous year, including metals up 22.1%; motor vehicles increased by 10.2%; electronic products, computers and optical products by 9.6%; hard coal and lignite mining increased by 9%; textile increased by 8.3%; coke, refined petroleum products by 8.1%; apparel production increased by 7.6%.


According to the assessment of the Ministry of Industry and Trade, after the Government issued and implemented Resolution No. 128, many provinces and cities across the country have developed and implemented safe, flexible and effective control plans. COVID-19 epidemic to gradually recover and develop the economy in a new state.

Specifically, production activities, especially in the provinces and cities where most of the important industrial production activities of the country are concentrated, such as Bac Ninh, Bac Giang, Hai Phong, Quang Ninh, Da Nang, and Can Tho. , Binh Duong, Dong Nai, Ho Chi Minh City, Hanoi… have had positive changes

In most localities, especially in Ho Chi Minh City and the southern provinces, production has resumed, businesses speed up production to promptly deliver goods according to signed contracts.

In order to accelerate industrial production development in 2022, the Ministry of Industry and Trade said that it will continue to urgently, drastically and uniformly deploy the contents of the Government’s guidance and direction at the Decree No. decision number 128.

Besides, the Ministry of Industry and Trade focuses on removing difficulties and obstacles for important industrial projects; Maximum support factories to maintain and restore production to keep orders, supply chain.

At the same time, urgently speed up the implementation of large public investment projects, especially projects on energy and infrastructure for industry development in order to promote consumption and trade demand of the economy as well as the economy. develop markets for a number of key manufacturing industries such as steel, mechanical engineering, building materials, automobiles, etc.

Assessing the economic prospects in 2022, the epidemic will continue to develop complicatedly across the country. However, with a safe adaptive approach to economic development, localities implemented the smallest zoning, thoroughly handling the outbreaks.

Besides, from January 1, 2022, international routes can be reopened and opened more, international tourists have the opportunity to come to Vietnam and Vietnamese people can travel abroad.

This is also an opportunity for the tourism industry to have a strong recovery, thereby stimulating the development of other service industries such as accommodation, catering, wholesale and retail…

Along with that, the expansion of modes of transport (road and rail), connection with international trade will be more flexible for both goods and passengers, and Vietnam’s transport industry will also have a period of time. high growth prospects again.

From a business perspective,  digital transformation will be the spearhead of the country’s economic development in 2022 as well as the following years. Accordingly, enterprises need to develop a development strategy suitable to the new situation, restructure and apply science and technology to the process of production, business and digital transformation.

However, the process of economic recovery as well as businesses still need support from government policies, such as financial policies, training, investment in technology to improve production efficiency, doing business, promoting economic development and solving social security problems.


The source : Vietnam Plus