Industrial production grows nearly 10% in ten months
Vietnam’s index of industrial production (IIP) in October picked up 8.8% over the same month last year, contributing to a year-on-year increase of 9.7% in the first ten months of the year, announced the General Statistics Office (GSO).
The GSO reported that the electronic, computer and optical sector had the strongest growth rate of 38.9% in IIP, followed by automobiles (27.4%), leather and related products (16.8%), and garment (15.6%).
However, other industrial sectors witnessed low production growth during the period such as food, beverages, chemicals, pharmaceutical chemistry and tobacco.
High ten-month IIP growth in was seen in Thai Nguyen province (121.9%), Quang Nam province (31.9%), Hai Phong city (15.8 percent), Da Nang city (14.1%), and Hai Duong province (10.3%).
The GSO also pointed to sectors with large IIP growth in October against the same month last year, including automobiles (54.5%), television (49.6%), mobile phones (42.6%), coiled steel sheets (18.7%), leather footwear (18.1%) and powdered milk (17.9%).
As of October 1, the inventory index of the processing and manufacturing industry had experienced a yearly surge of 9.8%.
However, other industrial sectors witnessed low production growth during the period such as food, beverages, chemicals, pharmaceutical chemistry and tobacco.
High ten-month IIP growth in was seen in Thai Nguyen province (121.9%), Quang Nam province (31.9%), Hai Phong city (15.8 percent), Da Nang city (14.1%), and Hai Duong province (10.3%).
The GSO also pointed to sectors with large IIP growth in October against the same month last year, including automobiles (54.5%), television (49.6%), mobile phones (42.6%), coiled steel sheets (18.7%), leather footwear (18.1%) and powdered milk (17.9%).
As of October 1, the inventory index of the processing and manufacturing industry had experienced a yearly surge of 9.8%.