Industrial production rises 10 percent in first nine months

Illustrative image (Source: VNA)

The national index of industrial production rose 10 percent in the first nine months of this year against the same period last year , it was reported at an inter-ministerial meeting reviewing production, business and investment in September, as well as the first nine months of 2015.

Nguyen Thuy Hien, deputy head of the Ministry of Industry and Trade's Planning Department, said during the first nine months, the sectors of mechanisms and electronic equipment assembly posted a 45 percent growth in television output and 53 percent in the output of assembled automobiles, in comparison to the same period last year.

Meanwhile, output also surged by 11 percent for each of the sectors of electric equipment production and distribution and processing and manufacturing, 8 percent for mining, and 7 percent for water supply, waste management and treatment.

Also, the oil and gas industry saw an increase of 11 percent in output of crude oil in the reviewed period to 12 million tonnes, and 1.8 percent in output of natural gas to eight billion cubic metres, compared with the same period last year.

However, other industrial sectors saw difficulties in production and business in the first nine months, including steel, cement and fertiliser, she said. The total crude steel output reached three million tonnes, or 99.8 percent of the output in the same period last year, while output of urea fertiliser fell 1 percent to 1.6 million tonnes, against output in the first nine months of 2014.

Regarding the price index of industrial production, the General Statistics Office (GSO) reported earlier that the nation had a quarter-on-quarter reduction of 0.14 percent in the price index of industrial production in the third quarter.

The decrease was mainly due to the reduction in prices of producing mineral products, down 1.41 percent, and processing and manufacturing products, down 0.37 percent, according to GSO's Department of Price Statistics Vu Thi Thu Thuy.

Many other groups of processing and manufacturing products saw decreases in the price index of industrial production for the third quarter, including electronics (1.81 percent), metals (1.37 percent), chemicals (1.03 percent), processed food (1.01 percent), beverages (0.87 percent) and textiles (0.27 percent).

However, the price index for the group of producing and distributing electricity and the group of producing clean water and treating waste water in the reviewed quarter increased 1.94 percent and 0.46 percent, respectively.-VNA