November’s industrial production index up 17.2 percent year on year

Vietnam’s index of industrial production (IIP) in November rose by 17.2 percent against the same month last year, according to the General Statistics Office (GSO).

Vietnam’s index of industrial production in November up 17.2 percent year on year - Illustrative image (Source: VNA)

Vietnam’s index of industrial production in November up 17.2 percent year on year - Illustrative image (Source: VNA)

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


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