The manufacturing and processing sector continued to be the main growth driver, expanding by 10.6 per cent YoY and contributing 8.5 percentage points to overall IIP growth.
Electricity production and distribution increased by 6.5 per cent YoY, adding 0.6 percentage point to the national index.
Vietnam’s index of industrial production (IIP) grew by 9.3 per cent YoY in the first 11 months this year.
The manufacturing and processing sector was the main growth driver, expanding by 10.6 per cent YoY and contributing 8.5 pps to the IIP growth.
The index for garment production rose by 13.5 per cent YoY during the period.
Employment in industrial enterprises rose by 3.7 per cent YoY as of November 1.
The index for garment production increased by 13.5 per cent YoY during the period.
Of the 34 localities that recorded higher IIP, many saw significant YoY gains fuelled by robust processing and manufacturing activities. Quang Ninh led with a 33.8 per cent surge, followed by Phu Tho (28.8 per cent) and Ninh Binh (23.4 per cent).
Employment in industrial enterprises rose by 1 per cent month on month and 3.7 per cent YoY as of November 1.
Fibre2Fashion News Desk (DS)
