Over the last eight months, Vietnam’s index of industrial production (IIP) increased 8.8 per cent year over year, extending the sector’s recovery, according to a study from the General Statistics Office (GSO).
According to the GSO, IIP grew by 2 per cent month over month and by 9.5 per cent year over year in August alone.
The GSO observed that over the course of the last eight months, a number of significant industrial sectors have reported an IIP that is higher than it was during the same period previous year. These sectors include the production and processing of goods (7.3 per cent), textiles (13.4 per cent), chemicals and chemical products (17.8 per cent), rubber and plastic products (30 per cent), and electronics, computers, and optical products (10 per cent).
Among 63 centrally-run cities and provinces nationwide, 61 experienced a growth in IIP over the past eight months, while the remainder reported an IIP reduction.
Many experts attributed those positive results to the Government’s measures aimed at pushing public investment disbursement and the development of key industrial projects, along with FDI attraction and disbursement efforts, which have also helped improve domestic production capacity.
The number of workers in industrial enterprises as of 11th August increased by 0.9 per cent month-on-month and by 4.5 per cent year-on-year.
In particular, the number of workers in the State-owned enterprise sector remained unchanged compared to the same time last month and rose by 1.5 per cent year-on-year.
The number of workers in non-State enterprises also increased by 0.6 per cent on month and 1.8 per cent on year, while the number in foreign-invested enterprises increased by 1 per cent on month and 5.7 per cent on year.
