Vietnam’s industrial production rises by 8.4% in 11 months

09/12/2024 16:14
Email Print 2339
KPL (KPL/VNA) Vietnam's index of industrial production (IIP) in the January – November period rose 8.4% from the same period last year, reported the General Statistics Office (GSO).


(KPL/VNA) Vietnam's index of industrial production (IIP) in the January – November period rose 8.4% from the same period last year, reported the General Statistics Office (GSO).

During the 11-month span, the manufacturing – processing sector witnessed an increase of 9.7%, contributing 8.5 percentage points to the overall IIP growth, while the electricity production and distribution industry recorded a rise of 10.2%, contributing 0.9 percentage point to the IIP expansion.

The highest increase was seen in the production of rubber and plastic (25.6%), followed by furniture production (24.7%), motor vehicle manufacturing (18.3%), and production of coke and refined petroleum products (14.5%).

In the meantime, several sectors experienced a fall in the index, including crude oil and natural gas exploitation (12.2%) and extraction of hard coal and lignite (5.3%).

Statistics from the GSO showed that 60 provinces and centrally-run cities posted increases in their IIP while three others saw decreases in the period. Provinces demonstrating robust growth were primarily driven by strengths in manufacturing, electricity production and distribution, and mining sectors. Conversely, others experienced contractions, particularly in manufacturing and electricity production industries.

Several key industrial products experiencing substantial year-on-year growth comprised automobiles (22.4%), steel bars and angles (21.7%), fiber textiles (16%), and oil and gas (15.9%). In stark contrast, those showing significant reductions were natural gas (17.8%), liquefied petroleum gas (14%), and crude oil extraction (6%), among others.

With a view to developing the industrial sector, the GSO proposed the Ministry of Industry and Trade continue promoting industrial restructuring towards reducing the share of assembly activities and increasing the proportion of processing and manufacturing industries. Besides, the ministry should work to remove bottlenecks for enterprises so that they could sharpen their competitive edge while enhancing the localisation rates and completing institutions, policies and strategies to develop several basic industries.

KPL

ຂ່າວອື່ນໆ

    • Commercial spaceflight fuels China’s space exploration effortsWorld News

      Commercial spaceflight fuels China’s space exploration efforts

      1/21/2026 3:22:11 PM

      Recently, China sent a Gravity-1 carrier rocket into space from waters off the coast of Haiyang, east China’s Shandong province, placing three satellites into their designated orbits. This launch exemplifies the growing momentum of China’s emerging commercial space sector, which is contributing significantly to the country’s space exploration capabilities.

    • Shared Borders, Shared FuturesWorld News

      Shared Borders, Shared Futures

      1/21/2026 2:21:53 PM

      Peace doesn’t always fall apart because of distant rivals. Peace breaks down because neighbours stop talking. Borders are challenged, and trust chipped away. Small disagreements fester and become permanent. In a world full of global flash points, it’s often relationships between neighbouring countries that quietly decide whether a region moves forward or stays stuck. That idea sits at the centre of one episode in a podcast series I’ve been working on about global governance and a shared future for humanity. While preparing it, I kept noticing the same pattern: when neighbours choose dialogue over pressure and cooperation over rivalry, development follows. When they don’t, stability becomes fragile. That’s why wise leaders pay closer attention to regional partnerships, and why they matter so much for lasting peace.

    • Cuba highlights presence in High Seas TreatyWorld News

      Cuba highlights presence in High Seas Treaty

      1/21/2026 1:32:49 PM

      (KPL/Prensa Latina)The Ministry of Science, Technology and Environment (CITMA) commemorates the 2nd anniversary of the High Seas Treaty, to which Cuba is among the first ten signatory countries.

    • DPRK inaugurates Onpho Working People’s Holiday CampWorld News

      DPRK inaugurates Onpho Working People’s Holiday Camp

      1/21/2026 11:41:20 AM

      Thanks to the noble aspiration and energetic guidance of the great Workers’ Party of Korea Central Committee to build in famous mountains and noted places of the country modern holiday resorts and sanatoriums in good harmony with the natural scenery and make them serve as the bases for cultural progress of our style and contribute to the cultural life of the working people, the Onpho Working People’s Holiday Camp, famous from long time ago, has been remodeled into a monumental edifice representing the spa culture of the state, boasting of its unique attraction.

    • 14th National Party Congress: Building modern, strong Vietnamese working class in new era of national developmentWorld News

      14th National Party Congress: Building modern, strong Vietnamese working class in new era of national development

      1/20/2026 3:58:22 PM

      (KPL/VNA) As Vietnam enters a new stage of development with higher demands for growth quality, innovation and deep international integration, the Vietnamese working class continues to affirm its core and pioneering role, said Nguyen Dinh Khang, member of the Party Central Committee and Vice President of the Vietnam Fatherland Front Central Committee.

ຂ່າວ KPL Laos News

Top