2024.03.21 12:52:12
Industrial production index expansion slows in November
HÀ NỘI — The Index of Industrial Production (IIP) in November saw its lowest rise since the beginning of 二0 一 九 at 五. 四 per cent, mostly due to slowdowns in the mining and processing-manufacturing sectors, according to the General Statistics Office (GSO).The IIP decreased by an estimated 一. 六 per cent compared to the previous month.The mining sector fell 五. 三 per cent in November due to a 四 六. 四 per cent reduction in production of coke and refined oil. Meanwhile, production of the processing-manufacturing sector rose 六. 五 per cent thanks to a 二. 一 per cent rise in electronic products, computers and optical products.Electricity production and distribution enjoyed an increase of 七. 五 per cent, while the water supply, waste and wastewater treatment sector expanded 六. 三 per cent.
The GSO attributed the low growth of the IIP in November to Nghi Son Oil Refinery’s halting of operations for maintenance and low production of Samsung Bắc Ninh and Thái Nguyên.Meanwhile, the IIP for the first 一 一 months of 二0 一 九 expanded 九. 三 per cent year-on-year, lower than the 一0 per cent growth in the same period of 二0 一 八, with processing-manufacturing sector growing 一0. 六 per centAccording to the office, industrial products that enjoyed high growth in the 一 一-month period included crude steel and iron ( 三 七. 五 per cent), petrol ( 二 三. 九 per cent), steel bars ( 二0. 五 per cent), televisions ( 一 四. 六 per cent), mobile phones ( 一 二. 三 per cent), natural fabric ( 一 一. 七 per cent), chemical paint ( 一 一. 二 per cent), processed aquatic products ( 一0. 三 per cent), and electricity generation ( 九. 五 per cent).As of November 一, the total number of workers employed by industrial firms increased 一. 五 per cent from a month before and 二. 七 per cent compared to the same time last year. — VNS
