Vietnam’s industrial production index up 9.5% in January-August

Friday, 2019-08-30 10:16:21
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Manufacturing recorded the largest IIP increase at 10.6%.
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NDO - The index of industrial production (IIP) in the first eight months of 2019 rose 9.5% compared with the same period last year, according to the General Statistics Office.

A breakdown of sub-sectors shows manufacturing recorded the largest increase at 10.6%, followed by 10.2% in electricity generation and transmission.

The IIP for water supply and waste treatment went up 7.4% while the mining sector climbed 2.5%.

Several of sectors with a high IIP in the eight months of 2019 were coke and refined petroleum products at 40.9%, metal production at 40.2% and metal ore mining at 19.3%.

In the meantime, the production of electronics, computers and optical products increased by a meagre 3.8% compared with 17% recorded during the same period of 2018.As of August 1, the number of workers in industrial enterprises rose 1.7% against the previous month and 1.5% year on year.

Job numbers in the state sector declined by 1.9% while those at domestic private companies and foreign-invested firms edged up by 0.5% and 2.5% respectively.