Hanoi (VNA) 🌊– The Index of Industrial Production (IIP) rose by 7.4 percent in the first nine months of 2016, according to the General Statistics Office (GSO).
The increase is lower than that of the same period last year (9.9 percent) due to strong reduction in ores mining (4.1 percent).
Growth was seen in processing and manufacturing (10.4 percent), electricity production and distribution (12.1 percent), and water supply and waste treatment (6.9 percent).
Several industrial products registered higher growth than the previous year include TV (86 percent), rolled steel (24.3 percent), automobiles (21 percent), cattle feed (20.3 percent), crude steel and iron (17.2 percent), and cement (15.2 percent).
The central province of Quang Nam led nationwide with remarkable increase of 30.7 percent, followed by northern Thai Nguyen province (28.5 percent) and Hai Phong city (16.5 percent).
IIP in major cities such as Ho Chi Minh City and Hanoi increased by 7.3 percent and 7.1 percent, respectively.
According to the GSO, the inventory level of the processing and manufacturing industries as of September 1, 2016 hiked up 9 percent over the same period last year.
High levels of inventory were recorded in electronic and optical products and computers (125 percent), motor vehicle (40.6 percent), and paper and paper-made products (32.9 percent).
The number of workers in industrial businesses saw a year-on-year increase of 4.2 percent, mainly in centrally-run cities and provinces such as Thai Nguyen, Hai Phong, Vinh Phuc, Binh Duong, Dong Nai, Bac Ninh, Da Nang, Hai Duong, Hanoi, and Ho Chi Minh City.-VNA
The national index of industrial production (IIP) posted a year-on-year increase of 7.3 percent in the first four months of this year, according to the General Statistics Office (GSO).
The Index of Industrial Production (IIP) in the first five months of 2016 picked up 7.5 percent from the same period last year, with May’s figure increasing 7.8 percent year-on-year.
The Index of Industrial Production (IIP) in the first half of 2016 grew by 7.5 percent from a year earlier, compared to the 9.7 percent recorded for the same period last year.
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Illustrative image (Source: VNA)
