Hanoi’s eight-month industrial production index rises 7.4%
The industrial production index (IPI) in Hanoi in the first eight months of this year grew by 7.4% from the same period last year, according to the General Statistics Office (GSO).
The largest year-on-year increase was recorded in the electrical production and distribution sector with 9%, followed by the processing & manufacturing and water supply & waste water collection and treatment sectors with respective rises of 7.6% and 1.6%.
In August alone, Hanoi’s IPI increased by 1.3% against July and 7.1% year-on-year.
A number of industrial sectors with high proportions reaping remarkable growth during January-July included engine vehicle manufacturing (40.9%), furniture (30.3%), pharmaceuticals and medicine (25.7%), wooden and rattan processing (19.3%), garments (17.8%), wood and paper (17.1%), mineral and non-metallic production (11.2%) and chemicals (9%).
Meanwhile, key industrial products with strong surges during the last eight months were spare parts for engine vehicles (32.9%), stone for building (31%), refrigerators (22.3%) and commercial electricity (9%).
The figures show a gradual recovery of production sectors after a long stagnation caused by economic downturns.
The situation is expected to be maintained during the remaining months of this year.
In August alone, Hanoi’s IPI increased by 1.3% against July and 7.1% year-on-year.
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| Workers at a garment factory (Source: VNA) |
A number of industrial sectors with high proportions reaping remarkable growth during January-July included engine vehicle manufacturing (40.9%), furniture (30.3%), pharmaceuticals and medicine (25.7%), wooden and rattan processing (19.3%), garments (17.8%), wood and paper (17.1%), mineral and non-metallic production (11.2%) and chemicals (9%).
Meanwhile, key industrial products with strong surges during the last eight months were spare parts for engine vehicles (32.9%), stone for building (31%), refrigerators (22.3%) and commercial electricity (9%).
The figures show a gradual recovery of production sectors after a long stagnation caused by economic downturns.
The situation is expected to be maintained during the remaining months of this year.