Industrial production index up 7.2% in July

The industrial production index rose 7.2% year-on-year in July, the General Statistics Office has announced.

industrial production index up 7.2% in july hinh 0
During the past seven months, the manufacturing and processing sector grew 9.9%, electricity manufacturing and distribution rose 11.6%, water supply and wastewater treatment up 7% while the mining sector dropped 2.7%. 

Industrial products, including television, steel, automobiles and animal feed posted significant growth while apparel, coal, motorbikes, footwear, sugar and crude oil experienced slight increases or decreases. 

HaiPhong, Can Tho, Danang cites and Thai Nguyen, Quang Nam, BacNinh, Binh Duong and Dong Nai provinces recorded expanded scale of industrial manufacturing. 

The consumption index of the processing and manufacturing sector increased 6% annually in the first half of this year. 

As of July 1, the inventory index rose 9.2% from the same period last year, lower than a 10.3% increase recorded in 2015. 

The inventory rate in January-June reached 70%, mostly motorised vehicles, electronics, computers and paper products. 

The number of workers in industrial firms went up 5.3% year-on-year as of July 1, especially in Thai Nguyen, HaiPhong, VinhPhuc, Binh Duong, Ba Ria-Vung Tau, Hanoi, Ho Chi Minh City, Can Tho and QuangNgai

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