The Industrial Production Index in October increased by 7 per cent, pushing the increase in the first 10 months to 8.3 per cent, compared to the same time last year.
The nine-month IIP growth was driven by the manufacturing sector (up 9.8 per cent), electricity production and distribution (up 11.1 per cent) and water supply and waste-wastewater treatment (up 9.9 per cent). Meanwhile, the mining sector fell 6.4 per cent.
Việt Nam’s industrial production has continued its rosy signs since late 2023, promising a bright prospect for the country in the time ahead, Deputy Minister of Industry and Trade Phan Thị Thắng said at the Government’s regular press conference in...
The ministry said it will continue to effectively implement supportive policies for enterprises approved by the Government to remove difficulties and obstacles in production and business activities.
Electricity production and distribution was up by 12.7 per cent and water supply, waste and wastewater management and treatment activities by 6.3 per cent.
According to the General Statistics Office (GSO), industrial production continues its positive growth pace. The index of industrial production (IIP) in the first four months of 2024 expanded by 6 per cent against that in the same period of 2023.
Việt Nam’s industry sector has seen continuous recovery with the index of industrial production (IIP) expanding 6.0 per cent year-on-year in the first four months of this year, according to the Ministry of Industry and Trade (MoIT).
Industrial production continued to thrive in the first quarter with the entire sector’s added value rising 6.18 per cent year on year, the Ministry of Industry and Trade (MoIT) reported.
Bình Phước Province’s industrial production index (IIP) increased by 19.2 per cent in the first two months of 2024, with high growth rates recorded across many industries.
Vietnamese enterprises and authorities are taking action right from the start of 2024 to promote industrial production though many challenges remain in the global economy.