Processing & Manufacturing Industries Grow Sharply
In the first ten months, the industrial production index (IPI) was estimated to go up by 6.9 percent against the same period last year, said the General Statistics Office (GSO).
The IPI's quarterly growth rates were 5.3 percent in Q1; 6.9 percent in Q2 and 7.8 percent in Q3.
The GSO on October 27 reported that the processing and manufacturing sectors achieved an expansion of 8.4 percent and 7 percent, respectively.
Electricity production expanded by 11.5 percent (the rate of 8.6 percent was made last year); followed by water and sewage treatment with 6.4 percent and the mining industry 0.7 percent.
Production of some products went up sharply including mobile telephones, up 54.6 percent against the same period last year; automobiles up 28.5 percent and fresh milk 21.6 percent.
Large-scale production centres included Long An province (up 12 percent); Hai Phong city (up 11.8 percent); Da Nang city (up 11.1 percent); Hai Duong province (up 9.9 percent0 and Binh Duong province (up 8.4 percent).
In October, the IPI saw a month-on-month increase of 4.6 percent and year-on-year surge by 7.9 percent.
As of late September, consumption index of the processing and manufacturing industries went up 10.1 percent against the same period of 2013.
As of October 1, inventory level of the processing and manufacturing industries picked up 2.4 percent against last month and 10.9 percent against the same period of 2013.
VGP
Vietnamese
