Vietnam's index of industrial production (IIP) from January to November2014 increased by 7.5 percent year-on-year, according to the GeneralStatistics Office (GSO).
Significant industrial productiongrowth measuring 11.1 percent in November fuelled the index's positiverise in the first 11 months of the year.
GSO experts said theprocessing and manufacturing sector, which made up 76 percent of thecountry's total industrial output, had a tendency to increase towardsthe year-end. The sector achieved an encouraging month-on-monthproduction growth of 11 percent in November and a year-on-year increaseof 8.6 percent in 11 months.
Several industrial productsrecorded high growth, including handsets at 60 percent, automobiles at28.3 percent, steel at 24.2 percent and leather and footwear at 20percent, as well as cloth at 15.8 percent and electricity at 12.3percent.
Other products, however, recorded lower growth such ascrude oil at 1.7 percent and coal at 0.4 percent. Some products recordedindustrial production declines such as motorcycles by 10 percent,liquid petroleum gas by 7.6 percent and powdered milk by 7.2 percent.
FromJanuary to November, the inventory index increased by 10.2 percentyear-on-year. Major industries showing higher levels of inventoryincluded pharmaceuticals at 155.4 percent, chemicals at 118.1 percent,food processing at 96 percent and metal production at 87.8 percent.
GSOexperts predicted that the inventory index would likely fall next monthbecause of an anticipated rise in domestic consumption.-VNA
Significant industrial productiongrowth measuring 11.1 percent in November fuelled the index's positiverise in the first 11 months of the year.
GSO experts said theprocessing and manufacturing sector, which made up 76 percent of thecountry's total industrial output, had a tendency to increase towardsthe year-end. The sector achieved an encouraging month-on-monthproduction growth of 11 percent in November and a year-on-year increaseof 8.6 percent in 11 months.
Several industrial productsrecorded high growth, including handsets at 60 percent, automobiles at28.3 percent, steel at 24.2 percent and leather and footwear at 20percent, as well as cloth at 15.8 percent and electricity at 12.3percent.
Other products, however, recorded lower growth such ascrude oil at 1.7 percent and coal at 0.4 percent. Some products recordedindustrial production declines such as motorcycles by 10 percent,liquid petroleum gas by 7.6 percent and powdered milk by 7.2 percent.
FromJanuary to November, the inventory index increased by 10.2 percentyear-on-year. Major industries showing higher levels of inventoryincluded pharmaceuticals at 155.4 percent, chemicals at 118.1 percent,food processing at 96 percent and metal production at 87.8 percent.
GSOexperts predicted that the inventory index would likely fall next monthbecause of an anticipated rise in domestic consumption.-VNA
