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Vietnam Today

IIP rises 9.9%

Released at: 15:32, 29/08/2015

IIP rises 9.9%

Electronic items saw strongest growth thanks to higher demand.

by Minh Tuyet

In the first eight months of this year the Index of Industrial Production (IIP) increased 9.9 per cent year-on-year, according to the General Statistics Office (GSO).

In particular, mining, processing and manufacturing, producing and distributing electricity, and water supply, wastewater, and garbage treatment rose 8, 10.4, 11.4, and 6.9 per cent, respectively.

Several manufacturing sectors saw significant growth, such as 40.2 per cent for electronic items and optical computers, 30.1 per cent for motor vehicles, and 12.1 per cent for non-metallic minerals.

Strong growth was also seen in automobiles, of 59.2 per cent, mobile phones, of 58.1 per cent, TVs, of 39.4 per cent, and footwear, of 24.7 per cent.

Some sectors saw only slight increases, such as 8.4 per cent in furniture manufacturing, 8.3 per cent in exploiting crude oil and natural gas, 7.6 per cent in food processing, and 5.8 per cent in coal exploitation.

A number of cities and provinces saw high IIP, such as Thai Nguyen with 193.6 per cent, Quang Nam 34.8 per cent, Hai Phong 14.8 per cent, and Da Nang 13.2 per cent.

Sales in the first seven months grew 13.3 per cent year-on-year. The highest growth was seen in sectors such as electronic items and optical products, at 38.9 per cent, motor vehicles, at 29.9 per cent, and metal and steel, at 23 per cent.  

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