VietnamCredit
VietnamCredit About Us Cafe€redit Contact Us
Login Register
0
USD
GO TO CART
Check out

Industrial production of Vietnam after 8 months of 2019

Tuesday 10, 09 2019
Industrial production in the first 8 months of 2019 reached a fair level of 9.5% compared to the same period last year.
Industrial production of Vietnam after 8 months of 2019

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%.

You may also like

Vietnam’s fast-food market: three market leaders
Monday 21, 09 2020

Vietnam’s fast-food market: three market leaders

While the revenue growth of KFC and Lotteria has decreased to less than...
Highlights of Vietnam's electricity market in 2020 and future outlooks
Thursday 17, 09 2020

Highlights of Vietnam's electricity market in 2020 and future outlooks

Although electricity sectors in Vietnam are facing challenges due to climate...
+84 37 99 44 511