Industrial production index’s expansion slows down in November
The Index of Industrial Production (IIP) in November saw the lowest rise since the beginning of 2019 at 5.4 percent, mostly due to the slowing-down of mining and processing-manufacturing sectors, according to the General Statistics Office (GSO).
Hanoi (VNA) – TheIndex of Industrial Production (IIP) in November saw the lowest rise since the beginning of2019 at 5.4 percent, mostly due to the slowing-down of mining andprocessing-manufacturing sectors, according to the General Statistics Office(GSO).
The IIP decreased by anestimated 1.6 percent compared to last month.
The mining sector suffered afall of 5.3 percent in November due to a 46.4 percent reduction in theproduction of coke and refined oil. Meanwhile, production of theprocessing-manufacturing sector rose 6.5 percent thanks to a 2.1 percent rise inelectronic products, computers and optical products.
Electricity production anddistribution enjoyed an increase of 7.5 percent, while water supply, waste andwastewater treatment sector expanded 6.3 percent.
The GSO attributed the lowyearly growth of the IIP in November to the Nghi Son Oil Refinery’s halting ofoperation for maintenance and low production of Samsung Bac Ninh and ThaiNguyen.
Meanwhile, the IIP for thefirst 11 months of 2019 expanded 9.3 percent year-on-year, lower than the 10percent growth in the same period of 2018, with processing-manufacturing sectorgrowing 10.6 percent
According to the office,industrial products that enjoyed high growth in the 11-month period includedcrude steel and iron (37.5 percent, petrol (23.9 percent), steel bars (20.5percent), television (14.6 percent), mobile phones (12.3 percent), naturalfabric (11.7 percent), chemical paint (11.2 percent), processed aquaticproducts (10.3 percent), and electricity generation (9.5 percent).
As of November 1, the totalnumber of workers employed by industrial firms had rose 1.5 percent from onemonth before and 2.7 percent compared to the same time last year./.
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Illustrative image (Source: VNA) 
