Vietnam's Industrial Production Maintains Double-Digit Growth in Early Year

SOCIALIST REPUBLIC OF VIET NAM Government News Khanh Phuong The robust expansion was driven by newly commissioned production capacity and the continued recovery of manufacturing and business activities. In July alone, the IIP was estimated to increase 1.2 percent from the previous month and 14.5 percent year-on-year. Manufacturing and processing expanded 15 percent, followed by water supply and waste management (up 14.9 percent), electricity production and distribution (up 12.5 percent), and mining (up 10.4 percent). Industrial production expanded across all 34 provinces and centrally governed cities during the January–July period, largely driven by manufacturing and electricity production. The recovery in industrial production also boosted employment. As of July 1, the number of employees working in industrial enterprises increased one percent from the previous month and 3.1 percent compared to the same period last year./. ONLINE NEWSPAPER OF THE GOVERNMENT OF THE SOCIALIST REPUBLIC OF VIET NAM Editor-in-chief: Nguyen Hong Sam License: No. 102/GP-BTTTT dated on April 15, 2024. Head office: No. 16, Le Hong Phong - Ba Dinh - Ha Noi Tel: 080 43162 – 080 48440; Fax: 080 48924 Email: [email protected]