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...
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.
The GSO said enterprises have made efforts to find orders to complete the year''s production and business plans and prepare goods to serve consumption at the end of the year so industrial production in November continued a positive trend.
Việt Nam’s industrial production this month continued a more positive trend, with the index of industrial production (IIP) estimated to rise by 2.9 per cent over the previous month and 2.6 per cent over the same period last year.
The positive rise, which was much higher than 6.44 per cent seen in Q1/2021, contributed 2.42 percentage points to the whole economy''s growth in Q1/2022.
Viet Nam''s industrial production index (IIP) saw relatively high growth
in the first quarter of this year, according to the General Statistics
Office (GSO).