Business

Industrial production index up 0.5% in ten months

Vietnam’s index of industrial production (IIP) went up 0.5% in the first ten months of this year with the October IIP alone rising 4.1% year-on-year, according to the General Statistics Office.
Industrial production index up 0.5% in ten months ảnh 1Illustrative photo (Photo: VNA)

Hanoi (VNA) – Vietnam’s index of industrialproduction (IIP) edged up 0.5% in the first ten months of this year with the October IIP alone rising 4.1% year-on-year, according to the General Statistics Office.

Phi Thi Huong Nga, head of the Industry and ConstructionStatistics Department said that although the production and business activitiesof enterprises in the processing, manufacturing, and mining industries arestill facing difficulties, they have recovered more positively than the thirdquarter of 2023.

Some key industries registering increases in IIP in the first tenmonths of this year included rubber and plastic products (up 9.5%); tobacco(9.1%); prefabricated metal products except machinery and equipment (8.7%);metal ore exploitation (6.3%); food processing and production (6.1%); chemicalsand chemical products (5.9%); water exploitation, treatment and supply (5.3%).

Meanwhile, the IIP of some manufacturing industries decreasedsuch as other means of transport (7.3%); motor vehicles (4.1%); crude oil andnatural gas exploitation (4%); other non-metallic mineral (3.7%); paper andpaper products (2.7%).

Industrial production index up 0.5% in ten months ảnh 2Vietnam’s index of industrial production (IIP) edges up 0.5% in the first ten months of this year. (Photo: VNA)

According to the GSO, compared to the same period last year, 49 localities posted increases in their IIP while 14 localities saw decreases. Some localities have seen a fairly high increase in the IIP due to asharp increase in the processing and manufacturing industry, electricityproduction and distribution industry including Dak Lak (36.9%), Bac Giang(18.6%), Phu Tho (16.8%), Nam Dinh (14.4%), Kien Giang (14%) and Hai Phong(13.5%)

The number of workers working in industrial enterprises as ofOctober 1, 2023, increased by 1.0% compared to the same time last month anddecreased by 1.4% compared to the same time last year.

Particularly, the number of workers in the State-ownedenterprise sector remained unchanged compared to the same time last month anddecreased by 0.9% year on year. However, the number ofworkers in non-state enterprises increased by 0.6% and decreased by 2.8%respectively; the number in foreign-invested enterprises increased by 1.2% anddecreased by 0.9% respectively./.

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