Industrial production index up 0.5% in ten months: GSO
Vietnam’s index of industrial production (IIP) went up 0.5 per cent in the first ten months of this year with the October IIP alone rising 4.1 per cent year-on-year, according to the General Statistics Office (GSO).
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Phi Thi Huong Nga, head of the Industry and Construction Statistics Department said that although the production and business activities of enterprises in the processing, manufacturing, and mining industries are still facing difficulties, they have recovered more positively than in the third quarter of 2023.
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| Vietnam’s index of industrial production (IIP) went up 0.5 per cent in the first ten months of this year with the October IIP alone rising 4.1 per cent year-on-year, according to the General Statistics Office. (Photo: VNA) |
Some key industries registering increases in IIP in the first ten months of this year included rubber and plastic products (up 9.5 per cent); tobacco (9.1 per cent); prefabricated metal products except machinery and equipment (8.7 per cent); metal ore exploitation (6.3 per cent); food processing and production (6.1 per cent); chemicals and chemical products (5.9 per cent); water exploitation, treatment and supply (5.3 per cent).
Meanwhile, the IIP of some manufacturing industries decreased such as other means of transport (7.3 per cent); motor vehicles (4.1 per cent); crude oil and natural gas exploitation (4 per cent); other non-metallic mineral (3.7 per cent); paper and paper products (2.7 per cent).
According to the GSO, compared to the same period last year, 49 localities posted increases in their IIP while 14 localities saw decreases. Some localities have seen a fairly high increase in the IIP due to a sharp increase in the processing and manufacturing industry, electricity production, and distribution industry including Dak Lak (36.9 per cent), Bac Giang (18.6 per cent), Phu Tho (16.8 per cent), Nam Dinh (14.4 per cent), Kien Giang (14 per cent) and Hai Phong (13.5 per cent)
The number of workers working in industrial enterprises as of October 1, 2023, increased by 1.0 per cent compared to the same time last month and decreased by 1.4 per cent compared to the same time last year.
Particularly, the number of workers in the State-owned enterprise sector remained unchanged compared to the same time last month and decreased by 0.9 per cent year on year. However, the number of workers in non-state enterprises increased by 0.6 per cent and decreased by 2.8 per cent respectively; the number in foreign-invested enterprises increased by 1. per cent and decreased by 0.9 per cent respectively.
(Source: VNA)
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