Industrial production index continues to make breakthrough

The industrial production index (IIP) in the first 11 months of 2017 was reported at a year-on-year increase of 9.3%, which was much higher than the 7.4% growth level of the same period last year, according to the General Statistics Office (GSO).

Illustrative Image (Photo: Thai Thien).

Accordingly, industrial production sectors continued to see high growth, with the manufacturing and processing industry growing 14.4%, contributing 10.1 percentage points to the general IIP growth.

The power production and distribution sector surged by 9.6%, contributing 0.6 percentage point, while the water supply and waste and wastewater treatment sector soared by 7.7%, contributing 0.1 percentage point to the 11-month IIP increase.

Meanwhile, the mining industry decreased by 7.1%, therefore reducing the overall IIP by 1.5 percentage points.

Some cities and provinces with large industrial scale posted high IIP growth during the January-November period, including Bac Ninh (up 35.5%), Hai Phong (up 20%), Thai Nguyen (up 18.3%), Binh Duong (up 10.4%), Hai Duong (up 9.6%) and Da Nang (up 9.5%). The two national hubs of Hanoi and Ho Chi Minh City reported an IIP increase of 7% and 7.9%, respectively.

In the meantime, Ba Ria–Vung Tau and Quang Nam provinces witnessed a respective decrease of 3.8% and 4.8% from the same period of last year.

(Source: NDO)