AsemconnectVietnam - The Department of Industry (under the Ministry of Industry and Trade) assessed that in 2024, domestic industries are expected to continue to face many challenges.

The global economy is expected to recover but at a very slow pace, especially the impact of the slow growth of the Chinese economy will lead to many difficulties on both the supply and demand sides of world production and region, including Vietnam.
Therefore, to achieve the target of increasing the index of industrial production (IIP) by about 7-8%, many solutions need to be focused.
According to the Department of Industry, in 2024, we will continue to proactively and effectively implement business support policies approved by the Government to remove difficulties and obstacles in production and business activities of enterprises, especially in key export industries such as textiles and garments, leather - shoes and foundation industries such as automobiles, mechanics, steel, etc; as well as to promote the operation of new industrial production projects to serve export and domestic consumption, creating more capacity for production development and source of goods for export.
In addition, we also need to soon submit and promulgate the plan to implement the Planning for exploration, exploitation, processing and use of minerals to soon exploit, process and use mineral resources of great value, creating new sources of growth motivation as well as coordinate with relevant agencies to research and advise on policies to stimulate domestic consumption of industrial goods.
CK
Source: VITIC/moit.gov.vn