Vietnam's index of industrial production (IIP) in August increased byonly 4.4 percent compared to last year, much lower than the 7 percentrise of last month, the General Statistics Office (GSO) reported.
The office said that the processing and manufacturing sector increased6.9 percent from a year earlier; production and distribution ofelectricity jumped 8.4 percent; and water supply, sewage and wastemanagement soared 9.5 percent. On the other hand, the mining sector fell5.2 percent.
With August's rise, the country's IIP inthe first eight months of the year rose 5.3 percent against the sameperiod last year. However, many industries exceeded this, includingprefabricated metal, chemical products; paper; medicines andpharmaceuticals and drink manufacturing posted growth of between 8.5 and12.9 percent.
Production of electronic, computer andoptical products fell 0.5 percent on year in the first eight months;metal manufacturing dropped 1.9 percent; mining and quarrying of coaland lignite tumbled 3.4 percent; and production of beds, wardrobes,tables and chairs declined 6.2 percent.
Other mining and quarrying operations decreased 6.4 percent year-on -year.
In January-August, the central province of Quang Ngai topped the listof cities and provinces with an IIP increase of 26.8 percent; followedby the northern province of Vinh Phuc with 20.3 percent; the centralcity of Da Nang with 10.3 percent and the northern city of Hai Duongwith 9.5 percent.
Meanwhile, IIP of Ba Ria - Vung Tau in the south and Quang Ninh in the north dropped 1.1 percent, the GSO reported.
GSO experts attributed the low increase in industrial production tohigh stockpiles in the manufacturing and processing sectors, whichaccount for nearly 80 percent of the country's total industrialproduction value.
By August 1, the inventory index ofthe manufacturing and processing industries was 9 percent, up 0.2percent against July 1. There were also large stockpiles of chemicals,engines, and food.-VNA
The office said that the processing and manufacturing sector increased6.9 percent from a year earlier; production and distribution ofelectricity jumped 8.4 percent; and water supply, sewage and wastemanagement soared 9.5 percent. On the other hand, the mining sector fell5.2 percent.
With August's rise, the country's IIP inthe first eight months of the year rose 5.3 percent against the sameperiod last year. However, many industries exceeded this, includingprefabricated metal, chemical products; paper; medicines andpharmaceuticals and drink manufacturing posted growth of between 8.5 and12.9 percent.
Production of electronic, computer andoptical products fell 0.5 percent on year in the first eight months;metal manufacturing dropped 1.9 percent; mining and quarrying of coaland lignite tumbled 3.4 percent; and production of beds, wardrobes,tables and chairs declined 6.2 percent.
Other mining and quarrying operations decreased 6.4 percent year-on -year.
In January-August, the central province of Quang Ngai topped the listof cities and provinces with an IIP increase of 26.8 percent; followedby the northern province of Vinh Phuc with 20.3 percent; the centralcity of Da Nang with 10.3 percent and the northern city of Hai Duongwith 9.5 percent.
Meanwhile, IIP of Ba Ria - Vung Tau in the south and Quang Ninh in the north dropped 1.1 percent, the GSO reported.
GSO experts attributed the low increase in industrial production tohigh stockpiles in the manufacturing and processing sectors, whichaccount for nearly 80 percent of the country's total industrialproduction value.
By August 1, the inventory index ofthe manufacturing and processing industries was 9 percent, up 0.2percent against July 1. There were also large stockpiles of chemicals,engines, and food.-VNA
