November’s industrial production index up 17.2% year on year
Vietnam’s index of industrial production (IIP) in November rose by 17.2% against the same month last year, according to the General Statistics Office (GSO).
In the month, the manufacturing and processing sector grew by 24.3%, while electricity production and distribution increased 13% and water supply and waste and waste water treatment rose 10%. However, the mining industry’s production fell by 4.1%.
Between January and November, the IIP expanded by 9.3%, higher than the 8.7% recorded in the first ten months of this year and 7.4% recorded in the same period last year.
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In the period, electronics, computers and optical products grew by 31.5%, metal production by 15.4%, and rubber and plastics production by 13.7%.
According to the GSO, the northern province of Bac Ninh saw the highest year-on-year IIP increase of 35%, followed by the northern port city of Hai Phong (20%), the northern province of Thai Nguyen (18.3%), and southern Binh Duong province (10%).
As of November 1, the inventory index of the processing and manufacturing sector rose by 9.3% against the same period last year.
The number of labourers working in industrial enterprises as of November 1 was 5% percent higher than a year ago.
Localities that saw increases in the number of labourers included Bac Ninh (20.3%), Da Nang (17.2%), Hai Duong (8.7%), and Vinh Phuc (7.6%).
