In February, the IIP saw a significant year-on-year increase of 17.2 per cent, though it experienced a month-on-month decline of 2.2 per cent, largely due to the timing of the Lunar New Year celebrations, which took place entirely in February...
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).
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.
Viet Nam''s index of industrial production (IIP) in February increased 5.1 per cent month-on-month and 3.6 per cent year-on-year, according to the General Statistics Office (GSO).
The IIP in the second quarter also saw a positive increase of 9.87 per cent year-on-year as many industrial firms have resumed and recovered their business activities, the GSO said.
The index of industrial production (IIP) grew by 8.5 per cent in February over the same period last year, marking the fourth consecutive monthly increase.
The Viet Nam Manufacturing Purchasing Managers'' Index (PMI) remained at 40.2 in September, signalling a further marked deterioration in business conditions across the sector due to the severe impacts of the COVID-19 pandemic.
The Index of Industrial Production (IIP) in November saw its lowest rise since the beginning of 2019 at 5.4 per cent, mostly due to slowdowns in the mining and processing-manufacturing sectors.
Vice chairman of the municipal People’s Committee Ho Ky Minh attributed slower economic growth to difficulties in the production of major firms and declines in production values of industrial sectors.
The nation’s index of industrial production (IIP) in 2018 experienced an encouraging increase of 10.2 per cent over the previous year, the General Statistics Office (GSO) said.