The recent surge in industrial output was primarily fuelled by robust export-driven manufacturing activity, alongside a rebound in mining and electricity production, according to Vietnamese media reports.
Among key subsectors, rubber and plastic products were up 17.3 per cent, garments rose 13.5 per cent, and leather and related goods increased 12.5 per cent.
Meanwhile, the consumption index for processing and manufacturing increased by 9.1 per cent YoY in Q3. Inventories, however, also climbed 13.3 per cent as of September 30, with the average stock rate for the nine months at 82.3 per cent—up from 76.8 per cent a year earlier.
All 34 provinces and centrally governed cities saw YoY gains in their IIP, added the reports.
ALCHEMPro News Desk (SG)
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