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Industrial production of Vietnam after 8 months of 2019

Industrial production of Vietnam after 8 months of 2019

Tuesday 05, 11 2019
Industrial production in the first 8 months of 2019 reached a fair level of 9.5% compared to the same period last year.

The Index of Industrial Production in August 2019 was estimated to have increased by 5.4% over last month and increased by 10.5% over last year, in which the mining sector increased by 14.4% thanks to the sharp growth of coal and mineral mining; manufacturing and processing sector increased by 10.3%; the electricity production and distribution sector increased by 10.3%; the water supply and waste treatment sector increased by 7.6%. 

In the first 8 months of 2019, the total IIP increased by 9.5% over last year, which is lower than the 10.8% increase in the same period in 2018 but higher than the 8.2% and 7.2% increase in 2017 and 2016. In which, the mining sector increased by 2.5%, accounting for 0.4% of the common increase; the manufacturing and processing sector increased by 10.6% (over 13.1% last year), accounting for 8.1%; the electricity production and distribution sector increased by 10.2%, accounting for 0.9%; the water supply and waste treatment sector increased by 7.4%, accounting for 0.1%. 

Among the secondary sectors, some had the production index of the first 8 months increased sharply over last year, mainly contributing to the common growth of the industry: coke and refined oil products manufacturing increased by 40.9%; metal manufacturing increased by 40.2%; mineral mining increased by 19.3%; rubber and plastic products manufacturing increased by 15.2%; hard and soft coal mining increased by 14.2%; bed, wardrobe, table, chair manufacturing increased by 11%; printing copying increased by 11.2%; wood processing and manufacturing of food from wood, bamboo, and cork, etc. increased by 11.1%.; weaving increased by 11%. Some increase with a slowly-increasing or decreasing level: electronic, computer, and optics products manufacturing increased by 3.8% (compared to 17% from last year); cigarettes production increased by 3.1%; other mining (rock, sand, pebble, etc.) increased by 2.3%; repair, maintenance and installation of machinery and equipment decreased by 0.1%; crude oil and natural gas decreased by 1.4% (crude oil decreased by 6.9% natural gas increased by 3.9%); medicinal production decreased by 1.7%; other vehicles manufacturing (motorbike, car) decreased by 5.1%. 

Some major industrial products in the first 8 months of 2019 with great increases compared to the same period last year: Raw iron and steel increased by 56.9%; gasoline and oil increased by 42.9%; TV increased by 23.1%; aqua feed increased by 14.6%; liquefied gas (LPG) increased by 14.1%; clean coal increased by 14%; chemical paint increased by 13.3%; steel bars and steel increased by 12%; mobile phone increased by 11% (smart phone increased by 15.8%); beer and cars increased by 10.7%; textiles made from natural fibers increased by 10.5%. Some products increased slowly or decreased: Urea increased by 1.4%; animal feed by the same period last year; NPK mixed fertilizer decreased by 1.9%; crude oil exploitation decreased by 6.9%; motorbike reduced by 8.3%; diameter decreased by 16.2%; phone components decreased by 16.3%. 

The number of employees working in industrial enterprises as of August 1, 2019 increased by 1.7% over the same period last month and by 1.5% from the same period last year, of which labor of State owned enterprises decreased by 1.9% ;non-state enterprises increased by 0.5%; FDI enterprises increased by 2.5%. At that time, the number of employees working in mining enterprises decreased by 2.4% compared to the same period last year; processing industry, manufacturing increased by 1.6%; electricity production and distribution increased by 2.1%; water supply and waste treatment increased by 2.4%.

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