Processing & manufacturing industries grow sharply

13:31 | 28/10/2014

VGP – In the first ten months, the industrial production index (IPI) was estimated to go up by 6.9% against the same period last year, said the General Statistics Office (GSO).

Illustration photo

The IPI’s quarterly growth rates were 5.3% in Q1; 6.9% in Q2 and 7.8% in Q3.

The GSO on October 27 reported that the processing and manufacturing sectors achieved an expansion of 8.4% and 7%, respectively.

Electricity production expanded by 11.5% (the rate of 8.6% was made last year); followed by water and sewage treatment with 6.4% and the mining industry 0.7%.

Production of some products went up sharply including mobile telephones, up 54.6% against the same period last year; automobiles up 28.5% and fresh milk 21.6%.

Large-scale production centres included Long An province (up 12%); Hai Phong city (up 11.8%); Da Nang city (up 11.1%); Hai Duong province (up 9.9%0 and Binh Duong province (up 8.4%).  

In October, the IPI saw a month-on-month increase of 4.6% and year-on-year surge by 7.9%.

As of late September, consumption index of the processing and manufacturing industries went up 10.1% against the same period of 2013.

As of October 1, inventory level of the processing and manufacturing industries picked up 2.4% against last month and 10.9% against the same period of 2013./.

By Kim Loan