HÀ NỘI — Việt Nam’s industrial production this month continued a more positive trend, with the index of industrial production (IIP) estimated to rise by 2.9 per cent over the previous month and 2.6 per cent over the same period last year, the General Statistics Office (GSO) reported. Compared to the same period last year, the processing and manufacturing industry increased by 3.5 per cent; electricity production and distribution increased by 3.7 per cent; and water supply, management and treatment of waste and wastewater increased by 1.8 per cent, while the mining industry decreased by 6.2 per cent. However, due to the difficult situation of the world economy in the first months of 2023 that affected the results of domestic industrial production, IIP in the first eight months of 2023 decreased by 0.4 per cent compared to the same period last year when IIP increased by 9.2 per cent. In which, the processing and manufacturing industry decreased by 0.6 per cent; the electricity production and distribution increased by 1.7 per cent; water supply industry, the waste and wastewater management and treatment activities increased by 4.8 per cent; and the mining industry decreased by 2.5 per cent. According to the GSO’s report, 49 cities and provinces had an IIP growth in the first eight months increase while 14 other cities and provinces reported an IIP drop.

Source: Viet Nam News September 02, 2023 12:37 UTC