SOCIALIST REPUBLIC OF VIET NAM

Hai Phong Portal

Thursday, March 23 2023    |    Vietnamese


Industrial output rises 5.3% in November
Vietnam’s industrial production rose by an estimated 5.3% in November compared to that in October and posted an annual increase of 11.1% – the biggest year-on-year rise over the past nine months – the General Statistics Office (GSO) said.

Industrial output rises 5.3% in November

Vietnam’s industrial production rose by an estimated 5.3% in November compared to that in October and posted an annual increase of 11.1% – the biggest year-on-year rise over the past nine months – the General Statistics Office (GSO) said.

Referring to the production status of each industry, both manufacturing and mining outputs increased 11%, electricity production and supply increased 12.6%, and water supply and waste treatment increased 7.6%.

The nation’s industrial production index (IPI) in the January-November period was estimated at 7.5% above its level a year earlier, with factory output rising 8.6% and electricity production and supply up 11.7%.

Some sectors posted 11-month indices much higher than 2013 including the production of electronic products, computer and optical products (up 34.9%), and the production of motor vehicles (up 21.8%).

Several industrial products recording high year-on-year growth rates in the period included mobile phones (up 59.3%), automobiles (28.3%), fresh milk (20.4%) and footwear (20%). Other products saw lower growth rates such as shampoos (down 0.2%), powder milk (down 7.2%), liquefied petroleum gas (down 7.6%), motorcycles (down 10%) and cigarettes (down 13.1%).

The GSO report also revealed that the inventory index of the manufacturing sector as of November 1 dropped by 0.3% against the previous month, but still rose by 10.2% compared to the same period in 2013.

(nhandan.org.vn)

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