Industrial production index rises 9.9 percent in seven months

Industrial production index expanded by 9.9 percent in January-July (Illustrative image. Photo: VOV/VNA)

The industrial production index in July grew by 11.3 percent over the same period last year, contributing to a year-on-year increase of 9.9 percent in the first seven months of this year, the General Statistics Office reported on July 29.

The northern province of Thai Nguyen took the lead with registered growth of 217.7 percent, followed by the central province of Quang Nam (31.2 percent) and the northern port city of Hai Phong (15.8 percent).

In the two biggest cities of Hanoi and Ho Chi Minh City, the industrial production index expanded by 7.1 percent and 6.5 percent respectively.

During the period, the country counted over 52,000 new start-up businesses registering 321.3 trillion VND (13.9 billion USD) in capital, a year-on-year rise of 22.7 percent and 22.4 percent respectively.

Businesses committed 686.5 trillion VND (31.48 billion USD) in total newly registered and supplemented capital to the local economy over the past seven months.

Start-up companies generated jobs for over 743,000 workers in January-July, a yearly increase of 18.2 percent.-VNA