The mining sector grew 4.4% year-on-year, while the processing and manufacturing industry increased 10.4%. The electricity production and distribution sector has expanded by 10.5% and water supply and waste treatment grew 7.4%.

The processing and manufacturing sector grows 10.7% year-on-year in the first seven months of 2019.

The GSO also reported that the IIP witnessed a year-on-year increase of 9.4% in the first seven months of 2019, lower than the growth rate of 10.7% the same time last year, but higher than the 7.2% increase recorded in 2017 and 2016.

The processing and manufacturing sector remained the main driver of the surge, increasing 10.7% year-on-year and contributing 8.2 percentage points to the overall growth.

In addition, the mining sector grew 1.1%, contributing 0.2 percentage points, while the electricity production and distribution sector increased 10%, contributing 0.9 percentage points, and water supply and waste management grew 7.6%, contributing 0.1 percentage points.

Some major industrial products posted high production growth during the January-July period, including raw iron and steel (57.1%), gasoline (45.1%), television (23.9%), and liquefied petroleum gas (16.4%).

However, certain others only saw slight growth or even declined in IIP year-on-year, such as electronics, computers and optical products (up 3.2%); machinery and equipment repairs, maintenance and installation (up 2.9%); and tobacco production (up 1.5%).

The number of employees at industrial businesses, as of July 1, 2019, rose by 1.3% from the previous month and 1.9% compared to the same time last year.

Hosiden Vietnam adds 40 million USD to production

(BGO) – The Management Board of the Industrial Parks in the northern province of Bac Giang reported that Hosiden Vietnam Company Limited has added 40 million USD to invest in building a plant at Quang Chau Industrial Park (Viet Yen district).

Five-month index of industrial production up 9.4%

 

Vietnam, Sweden should join hands in clean production

Vietnam and Sweden should cooperate in the environmental protection and sustainable development in the context of the current Fourth Industrial Revolution, Minister of Industry and Trade Tran Tuan Anh has said.

Enterprises optimistic about production, business in Q2

Nearly 90 percent of enterprises operating in processing and manufacturing predict that their production and business would be better or remain stable in the second quarter of 2019, according to the General Statistics Office (GSO).

Vietnam attends Asia-Pacific reproduction congress in Hong Kong

Four hospitals in Vietnam have sent delegates to attend the 9th Congress of the Asia Pacific Initiative on Reproduction (ASPIRE 2019) in China’s Hong Kong Special Administrative Region from May 2-5.

Source: NDO