Business

Industrial production index increases 7.3 percent

The industrial production index (IPI) is estimated to increase by 7.2 percent in November and by 7.3 percent in the past 11 months, according to the General Statistics Office (GSO).
Industrial production index increases 7.3 percent ảnh 1Illustrative image (VNA)

Hanoi (VNA) – The industrial productionindex (IPI) is estimated to increase by 7.2 percent in November and by 7.3percent in the past 11 months, according to the General Statistics Office(GSO).

The increases in the processing and manufacturingsector, electricity production and distribution and water supply, wastewaterand garbage treatment helped offset a decline in the mining sector.

Provinces and cities with high IPI growth includeQuang Nam (30.6 percent), Thai Nguyen (24.5 percent), Hai Phong (16.7 percent)and Da Nang (13 percent).

The inventory index of the processing andmanufacturing sector by November 1, 2016, increased 8.8 percent from theprevious year but textiles and garment, chemical production and chemicalproducts, electricity equipment production saw the inventory index down.

According to the GSO, by November 1, 2016, the numberof labourers working in the industrial sector increased 4.3 percent from one yearearlier.

The State sector has seen a decline of 2.6 percent in thenumber of workers while the figure of the non-State sector rose by 1.7 percent.The workforce in foreign direct investment (FDI) enterprises climbed by 7.4percent.

Provinces with large industrial workforce growth areThai Nguyen (28.4 percent), Hai Phong (10.3 percent), Vinh Phuc (8.4 percent)and Ba Ria - Vung Tau (7.9 percent).-VNA

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