Particularly, IIP growth rate of some key industrial sectors in the first 11 months is much higher than the same period last year. Beverage production surged 31 percent, followed by medical and pharmaceutical production (18.8 percent), wood processing, timber and bamboo production (18.4 percent), leather production and relating products (16.7 percent) and casual wear production (16.4 percent). Notably, the number of workers in industrial sector increased by 5.9 year on year, up 0.4 percent compared to last month.

Electronic board production chain at Siflex Vietnam Company Limited im Quang Chau industrial park (Viet Yen district).

According to the General Statistics Office (GSO), IIP growth rate in the 11 months surged in 61 localities compared to the same period last year, in which Bac Giang, Can Tho and Vinh Long are 3 localities with highest IIP growth rates.

Since beginning this year, some key industrial products have seen sharp increased against the same period including beer (34.9 percent), processed seafood and automobiles (17.3 percent), phone components (16.9 percent), petroleum (12.9 percent), chemical paints (12 percent), steel (11.8 percent), motorbike (10.8 percent), leather footwear (9.7 percent) and tobacco (9.1 percent).

IIP in November is estimated to increase by 0.3 percent against last month and 5.3 percent compared to the same period last year. Particularly, processing and manufacturing surged 8.9 percent while it increased only 5.4 percent in the same period of 2021, contributing 6.8 points to the general growth rate. 

Electricity production and distribution increased by 7.7 per cent contributing 0.7 points, water supply industry, garbage and wastewater treatment and management jumped 7.1 per cent contributing 0.1 points and the mining industry increased by 6.5 percent contributing 1 point to the general growth rate.

Investment policy to expand Quang Chau industrial park approved

(BGO) – Deputy Prime Minister Le Van Thanh has inked Decision No.1320/QD-TTg approving the investment policy for the project to build the infrastructure and do business at the expanded Quang Chau industrial park in Bac Giang province (Project).

Bac Giang grants investment certificate for three new projects in industrial parks

(BGO) – The Management Board of Industrial Parks (MBIP) in Bac Giang province has granted investment certificate for three new projects with total registered capital of 7.3 million USD.

Industrial lime manufacturing factory put into operation in Bac Giang

(BGO) – Ngan Hong Lime Manufacturing Cooperative in Yen The district (Bac Giang province) has operated industrial lime manufacturing factory which is sufficiently equipped with first ever automatic and modern line in the province.

Dong Son industrial cluster established in Yen The

(BGO) – The People’s Committee in Bac Giang province has decided to establish Dong Son industrial cluster (IC) in Yen The district.

Index of Industrial Production climbs 9.63%

Vietnam’s Index of Industrial Production rose 9.63 percent year-on-year in the first nine months of 2022, according to the General Statistics Office of Vietnam. Vietnam’s Index of Industrial Production rose 9.63 percent year-on-year in the first nine months of 2022, according to the General Statistics Office of Vietnam.