Industrial production index rises 9.9% in seven months

The industrial production index in July grew by 11.3% over the same period last year, contributing to a year-on-year increase of 9.9% in the first seven months of this year, the General Statistics Office reported on July 29.

The northern province of Thai Nguyen took the lead with registered growth of 217.7%, followed by the central province of Quang Nam (31.2%) and the northern port city of Haiphong (15.8%). 

In the two biggest cities of Hanoi and Ho Chi Minh City, the industrial production index expanded by 7.1% and 6.5% respectively. 

During the period, the country counted over 52,000 new start-up businesses registering VND321.3 trillion (US$13.9 billion) in capital, a year-on-year rise of 22.7% and 22.4% respectively. 

Businesses committed VND686.5 trillion (US$31.48 billion) in total newly registered and supplemented capital to the local economy over the past seven months. 

Start-up companies generated jobs for over 743,000 workers in January-July, a yearly increase of 18.2%.
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