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)

Vietnamnews

Other news

Most view

A farmer harvests coffee in the Central Highlands (Illustrative photo)

Vietnam Coffee Day opens in Da Lat city

The first Vietnam Coffee Day was opened in the Central Highlands city of Da Lat last night, taking place until December 11.

Banking-finance

Economy

One mln ton cashew farming area established in Cambodia

According to Viet Nam Cashew Association (Vinacas)'s Chairman Nguyen Duc Thanh, Vietnam’s cashew industry in collaboration with the Ministry of Agriculture, Forestry and Fisheries of Cambodia and Cambodian enterprises to establish a cashew farming area in Cambodia to produce one million tons of material cashew per year. 

Self - introduction

Stock market

Shares rise amid growing caution

Shares extended gains on November 23 but caution appeared among investors after the VN-Index hit its decade-high.