Industrial production index continues to make breakthrough

Wednesday, 2017-11-29 10:04:42
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The industrial production index increases by 17.2% year-on-year in November.
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NDO – The industrial production index (IIP) in the first 11 months of 2017 was reported at a year-on-year increase of 9.3%, which was much higher than the 7.4% growth level of the same period last year, according to the General Statistics Office (GSO).

Accordingly, industrial production sectors continued to see high growth, with the manufacturing and processing industry growing 14.4%, contributing 10.1 percentage points to the general IIP growth.

The power production and distribution sector surged by 9.6%, contributing 0.6 percentage point, while the water supply and waste and wastewater treatment sector soared by 7.7%, contributing 0.1 percentage point to the 11-month IIP increase.

Meanwhile, the mining industry decreased by 7.1%, therefore reducing the overall IIP by 1.5 percentage points.

Some cities and provinces with large industrial scale posted high IIP growth during the January-November period, including Bac Ninh (up 35.5%), Hai Phong (up 20%), Thai Nguyen (up 18.3%), Binh Duong (up 10.4%), Hai Duong (up 9.6%) and Da Nang (up 9.5%). The two national hubs of Hanoi and Ho Chi Minh City reported an IIP increase of 7% and 7.9%, respectively.

In the meantime, Ba Ria–Vung Tau and Quang Nam provinces witnessed a respective decrease of 3.8% and 4.8% from the same period of last year.