2015 sees highest rise in industrial production index in five years

Monday, 2015-12-28 17:34:50
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The IIP in 2015 rose by 9.8% compared to the last year.
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NDO - The index of industrial production (IIP) this year was estimated to have increased 9.8% compared to the last year, the highest rise since 2011, according to the General Statistics Office (GSO).

Accordingly, electricity manufacturing and distribution industry saw the highest growth at 11.4%; followed by the processing and manufacturing industry with 10.6%, water supply and wastewater and garbage treatment with 7.4%, and the minerals sector with 6.5%.

Sharp year-on-year rises were also recorded in the production of electronic and optical products and computers (37%), motor vehicles (26.7%), leather and related products (17.4%), and textile (13.9%).

Localities recording high IIP are Thai Nguyen (97%), Quang Nam (35.3%), Hai Phong (16.6%), Phu Tho (15.4%) and Da Nang (12.9%). Meanwhile, the 2015 IIP of Hanoi and Ho Chi Minh City only reached 8.2% and 7.9%, respectively.

The inventory index for the processing and manufacturing industry as of December 1 had risen by 7.4% over the last month and 9.5% over the same period last year.

Several industries had a high inventory index such as production of electronic and optical products and computers production (104.8%), beverages processing (66.8%), leather and related products production (30.3%), and motor vehicle manufacturing (28.4%).

The GSO also announced that the workforce in industrial enterprises as of December 1 had increased by 1.1% over last month and 6.4% year-on-year; of which, 1.3% in State-owned sector, 4.6% in non-State businesses and 8% in foreign-invested enterprises.