2015 Sees Highest Rise In Industrial Production Index in Five Years
The index of industrial production (IIP) this year was estimated to have increased 9.8 per cent compared to the last year, the highest rise since 2011, according to the General Statistics Office (GSO).
Accordingly, electricity manufacturing and distribution industry saw the highest growth at 11.4 per cent; followed by the processing and manufacturing industry with 10.6 per cent, water supply and wastewater and garbage treatment with 7.4 per cent, and the minerals sector with 6.5 per cent.
Sharp year-on-year rises were also recorded in the production of electronic and optical products and computers (37 per cent), motor vehicles (26.7 per cent), leather and related products (17.4 per cent), and textile (13.9 per cent).
Localities recording high IIP are Thai Nguyen (97 per cent), Quang Nam (35.3 per cent), Hai Phong (16.6 per cent), Phu Tho (15.4 per cent) and Da Nang (12.9 per cent). Meanwhile, the 2015 IIP of Hanoi and Ho Chi Minh City only reached 8.2 per cent and 7.9 per cent, respectively.
The inventory index for the processing and manufacturing industry as of December 1 had risen by 7.4 per cent over the last month and 9.5 per cent over the same period last year.
Several industries had a high inventory index such as production of electronic and optical products and computers production (104.8 per cent), beverages processing (66.8 per cent), leather and related products production (30.3 per cent), and motor vehicle manufacturing (28.4 per cent).
The GSO also announced that the workforce in industrial enterprises as of December 1 had increased by 1.1 per cent over last month and 6.4 per cent year-on-year; of which, 1.3 per cent in State-owned sector, 4.6 per cent in non-State businesses and 8 per cent in foreign-invested enterprises.
NDO
Vietnamese
