Vietnam’s industrial production in November up 9.2% year on year

Monday, 2020-12-07 16:35:08
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The IIP in the manufacturing sector rises by 11.9% in November.
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NDO - The index of industrial production (IIP) in November rose 0.5% against the previous month and 9.2% compared with the same month in 2019, according to the Ministry of Planning and Investment.

The manufacturing sector recorded the largest gain at 11.9%, followed by water supply and waste treatment at 5.3% and power generation and distribution at 4%, while mining and quarrying declined by 6.2%.

Aggregate data for the January-November period shows the IIP increased by 3.1% compared with the same period in 2019, much lower than the 9.3% recorded last year.

Manufacturing activity rose by 4.7% while mining and quarrying fell by a sharp 7.1% during the first 11 months of the year.

The period saw electricity generation and distribution up 3.2% and water supply and waste treatment up 4%.

Some manufacturing sectors with decent growth in the first 11 months of 2020 include drugs, pharmaceutical chemicals and medicinal materials; electronics, computers and optical devices; and chemicals and papers.

As of November 1, the number of workers at industrial enterprises rose by 1.1% from the previous month and fell 2.4% as against the same month in 2019.