IIP rises 9.9% in seven months
IIP rises 9.9% in seven months
Viet Nam's Index of Industrial Production (IIP) posted 9.9 per cent year-on-year increase in the first seven months of the year, according to the General Statistics Office (GSO) yesterday.
The GSO said the IIP rose for both, in production as well as consumption. Consumption in manufacturing and processing sector accounted for 80 per cent of the total index, increasing by 15.1 per cent over the same period last year.
The automobile production registered the maximum increase of 29.8 per cent, followed by electronic products and computers with 28 per cent, leather products 21.8 per cent, paper products 12.7 per cent and electricity production and distribution 11.5 per cent.
Several industrial products saw a sharp increase, including automobiles with 106,400 units (increase of 58 per cent), mobile phones with 121.8 million (increase of 56.9 per cent), TV with 2.5 million units (increase of 40.4 per cent), leather shoes 177.2 million (increase of 19 per cent) and electricity 91 billion kWh (increase of 12 per cent).
However, some other industrial products registered a rather modest increase due to a plunge in consumption. Cement production rose by 9 per cent to 37.2 million tonnes, liquefied gas 421,600 tonnes, beer 1.83 billion litres and seafood processing 1.15 million tonnes.
The office said the inventory index in the seven month period rose by 10 per cent – the lowest level so far this year, thanks to an increase in both production and consumption.
