IPI soars 8.7% in Jan-Oct
14:12 | 30/10/2017

VGP – Industrial production index (IPI) continued to growth sharply in October and the first ten months, the General Statistics Office (GSO) reported. 

Illustration photo

Specifically, IPI was estimated to go up 17% in October against the previous  month of which the mining industry expanded 2.1%; processing and manufacturing surged sharply by 22.3%; electricity production and distribution picked up 12%; and water supply and sewage treatment increased 8%.

In the first ten months, IPI witnessed a year-on-year growth of 8.7%.

Manufacturing and processing  continued to increase vigorously by 13.6%. Electricity production and distribution went up 9.3%. Water supply and sewage treatment rose 7.5%. Only mining experienced a drop of 7.4%. 

In the first ten months, large-scale industrial hubs witnessed rising IPIs including Bac Ninh province (up 32%); Hai Phong (up 20%); Thai Nguyen (up 17.9%); Hai Duong (up 10.1%); Binh Duong (up9.7%). 

In September, consumption index of processing and manufacturing increased by 3.7% against August and 17.8% against the same period last year.

As of October 1, inventory level of the manufacturing and processing sector went up 8.8% against the same period last year./.

By Khanh Phuong 

 

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