Index of industrial production enjoys impressive growth

December 02, 2022 | 13:14

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The index of industrial production (IIP) in the first 11 months of 2022 is estimated to increase by 8.6 per cent year-on-year, doubling the 4.2 per cent of the same period last year.

Hanoi – The index of industrial production (IIP) in the first 11 months of 2022 is estimated to increase by 8.6 per cent year-on-year, doubling the 4.2 per cent of the same period last year.

Index of industrial production enjoys impressive growth

11-month IIP estimated to increase by 8.6 per cent (Photo: VNA)

According to the General Statistics Office (GSO), in the reviewed period, the processing and manufacturing industry grew by 8.9 per cent, contributing 6.8 percentage points to the overall growth; electricity production and distribution by 7.7 per cent, contributing 0.7 percentage point; water supply, waste, and wastewater treatment and management activities by 7.1 per cent, contributing 0.1 percentage point; and the mining industry by 6.5 per cent, contributing 1 percentage point to the overall increase.

In the contrary, the IIP of several industries recorded decreases, including manufacturing of rubber and plastics products (7 per cent), and manufacturing of basic metals (2.6 per cent).

According to the GSO report, 61 provinces and cities saw rises in the 11-month IIP, with the highest recorded by Bac Giang (38.3 per cent), Can Tho (37.8 per cent) and Vinh Long (28.8 per cent).

Thai Nguyen’s industry continues impressive growth

Industrial production continues to be a highlight in the northern province of Thai Nguyen’s economic development landscape, leveraging efficient management of the provincial leaders as well as the unity and concerted efforts of the residents and local business community.

Industrial production recovers quickly with growth of 9.4 percent in eight months

The index of industrial production (IIP) in the first eight months of 2022 surged 9.4 percent over the same period last year, according to the General Statistics Office (GSO).