Vietnam's industrial production rises in Jan-Nov 2023

04 Dec '23

1 min read

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The index of industrial production (IIP) in Vietnam rose by 1 per cent in the first 11 months this year, with the November IIP alone rising by 5.8 per cent year on year (YoY).
The manufacturing and processing sector rose by 1.1 per cent YoY during the 11-month period.
Fifty cities and provinces saw YoY IIP growth in the period, while 13 witnessed declines.

The index of industrial production (IIP) in Vietnam rose by 1 per cent between January and November this year, with the November IIP alone rising by 5.8 per cent year on year (YoY), according to the General Statistics Office (GSO).

The manufacturing and processing sector rose by 1.1 per cent YoY during the 11-month period, GSO said.

Fifty cities and provinces reported YoY growth in their IIP during the period, while 13 witnessed declines, a domestic news agency reported.

Some localities, including Dak Lak (33.6 per cent), Bac Giang (20.5 per cent), Phu Tho (17.6 per cent), Nam Dinh (15.5 per cent) and Hai Phong (13.5 per cent), witnessed a fairly high IIP rise due to a sharp increase in the processing and manufacturing industry, electricity production and distribution industry.

The number of workers working in industrial enterprises as of November 1, 2023, increased by 1 per cent MoM and fell by 0.2 per cent YoY.

ALCHEMPro News Desk (DS)

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