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ECONOMYINDUSTRY

Industrial production rises over 7% after 9 months

Updated at Sunday, 02 Oct 2016, 19:42
The Hanoitimes - The General Statistics Office revealed the Index of Industrial Production (IIP) increases by 7.4 percent in the first nine months of this year.
The growth is lower than that of the same period last year (9.9 percent) due to strong reduction in ores mining (4.1 percent).
The rise was recorded 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 increase 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).
IIP in major cities such as Ho Chi Minh City and Hanoi increased by 7.3 percent and 7.1 percent, respectively.
Photo for illustration
Photo for illustration
The number of workers in industrial enterprises witnessed a year-on-year growth 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.
The central province of Quang Nam topped the country with remarkable increase of 30.7 percent, followed by northern Thai Nguyen province (28.5 percent) and Hai Phong city (16.5 percent).
According to the General Statistics Office, the inventory level of the processing and manufacturing industries as of September 1, 2016 increased by 9 percent over the same period last year.
High levels of inventory were seen in electronic and optical products and computers (125 percent), motor vehicle (40.6 percent), and paper and paper-made products (32.9 percent).
Thu Minh
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