Index of industrial production enjoys impressive growth
The index of industrial production (IIP) in the first 11 months of 2022 is estimated to increase by 8.6% year-on-year, doubling the 4.2% of the same period last year.
11-month IIP estimated to increase by 8.6% (Photo: VNA)
Hanoi (VNA) – The index of industrial production (IIP) in the first11 months of 2022 is estimated to increase by 8.6% year-on-year, doubling the 4.2% of the same period last year.
According to the General Statistics Office (GSO), in thereviewed period, the processing and manufacturing industry grew by 8.9%,contributing 6.8 percentage points to the overall growth; electricityproduction and distribution by 7.7%, contributing 0.7 percentage point; watersupply, waste, and wastewater treatment and management activities by 7.1%,contributing 0.1 percentage point; and the mining industry by 6.5%,contributing 1 percentage point to the overall increase.
In the contrary, the IIP of several industries recordeddecreases, including manufacturing of rubber and plastics products (7%), andmanufacturing of basic metals (2.6%).
According to the GSO report, 61 provinces and cities sawrises in the 11-month IIP, with the highest recorded by Bac Giang (38.3%), CanTho (37.8%) and Vinh Long (28.8%)./.
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11-month IIP estimated to increase by 8.6% (Photo: VNA) 
