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

Cao Lanh mango (Source: Internet)

Dong Thap strives to turn mango into key export product

The Mekong Delta province of Dong Thap, the largest mango producer in the region with 9,200 hectares of mangos and a annual output of nearly 100,000 tonnes, is working to turn mango into a sustainable hard currency earner by 2020.

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

DIG issue 14 million shares

Development Investment Construction Joint Stock Corp (DIG)’s shareholders have approved its plan to issue 14.3 million shares in the second and third quarters of 2018.