Industrial production increases 6.3 percent in first eight months

Compared to the same period last year, the industrial production index was up 6.7 percent in August and 6.3 percent in the first eight months, reported the General Statistics Office.

In the eight months, manufacturing and processing increased 8.1 percent, electricity production and distribution was up 11.2 percent. Waste and wastewater treatment hiked 6.2 percent but mining continued falling to 0.8 percent.

The country has 47,500 new companies in the eight months with registered capital of VND289.8 trillion, down 9.5 percent in the number of companies and up 14.2 percent in capital.

44,500 enterprises have been forced to shut down or temporarily stop operation because of the economic slowdown, a 12.9 percent year on year increase. 10,900 shutdown companies have resumed operation, up 2.6 percent.

By Anh Phuong – Translated by Hai Mien

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