For the first ten months this year, the IIP is estimated to have grown by 9.2 per cent YoY; it increased by 8.3 per cent YoY during the corresponding period last year.
The manufacturing and processing sector—the primary growth driver—expanded by 10.5 per cent YoY—up from 9.5 per cent YoY in the same ten months last year.
Apparel production advanced by 13.3 per cent YoY, while production of leather and related products climbed by 11.2 per cent YoY and that of casual wear rose by 14.3 per cent YoY during the period.
The IIP rose in all 34 provinces and cities during the period.
In Ho Chi Minh City alone, the October IIP was estimated to rise by 1.5 per cent MoM and 17.5 per cent YoY. Cumulatively, the city’s industrial production index grew by an estimated 7.5 per cent during the period, an NSO release said.
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