Vietnam’s industrial production expands 11.2 pct in 8 monthsVietnam’s industrial production index (IPI) rose 11.2 percent on-year in the first eight months of 2018, the General Statistics Office (GSO) has announced. Nghi Son Oil Refinery and Petrochemical complex in the central province of Thanh Hoa. However, some products saw slight declines in production due to lower demand, such as mobile phones (down 2.3 percent) and urea fertiliser (down 3 percent). Among localities recording higher growth in industrial production against 2017’s corresponding period, the northern port city of Hai Phong led with growth of 24 percent. Earlier, the GSO predicted the IPI may slow down in the rest of this year, reflecting the increasing importance of sustainable development.
Source: VietNamNet News September 04, 2018 04:07 UTC