Industrial manufacturing index set to rise 5.9 percent in October

The index of industrial production (IIP) in October is estimated to edge up 5.9 percent compared to the same period last year.

Thus IIP in the first ten months of 2013 surged 5.4 percent year-on-year, with industrial processing and manufacturing contributing 4.9 percent, power generation and distribution ticking up 0.6 percent, water supply and waste and wastewater treatment inching up 0.1 percent, whereas mining lost 0.2 percent.

Some industries which saw a sharp increase in IIP in first ten months include  textiles; leather and leather products machinery; prefabricated metal products manufacturing excluding machinery; vehicle manufacturing; garments; water exploitation, treatment and supply; medicines and pharmaceutical chemicals.

Ho Chi Minh City saw IIP in the first ten months climb higher than the country’s average growth--at 5.9 percent; Dong Nai Province and Binh Duong Province both gained 7.6 percent; Hanoi City grew 4.45 percent; and Vinh Phuc and Quang Ngai Provinces posted an increase of 17 percent and 21.1 percent, respectively.

The inventory index of industrial processing and manufacturing by October of 1, 2013 soared 9.7 percent compared to the same period last year.

By Anh Phuong – Translated by Thuy Doan

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