Industrial production in 10 months recorded impressive growth of 9.2%

In the first 10 months, the industrial production index recorded an impressive growth of 9.2% over the same period last year, showing the positive recovery momentum of the economy .

**The index of industrial production (IIP) in the month is estimated to increase by 2.4% compared to September and up 10.8% compared to the same period last year. (Photo: Vietnam+)**

On November 6, the General Statistics Office announced figures on industrial production in October and the 10-month summary of the year. Accordingly, the index of industrial production (IIP) in the month is estimated to increase by 2.4% compared to September and by 10.8% compared to the same period last year.

Notably, the industrial production index for the first 10 months recorded an impressive growth of 9.2% over the same period last year, showing the economic recovery momentum.

Specifically, October witnessed the maintenance of a positive growth rate in industrial production. In particular, the IIP index is estimated to increase by 2.4% compared to the previous month and 10.8% compared to the same period last year, far exceeding the increase of 7.1% in October 2024. Specifically, the processing and manufacturing industry led the way with an increase of 11.4% over the same period; electricity production and distribution increased by 11.0%; water supply, waste and wastewater management and treatment activities increased by 12.2%. In particular, the mining industry increased slightly by 3.1%.

The report pointed out that many localities with large industrial scale contributed significantly to this growth, such as Quang Ninh (up 13.3%), Vinh Long (up 11.6%), Can Tho (up 4.5%), Bac Ninh (up 4.4%), Hai Phong (up 3.8%), Quang Ngai (up 2.7%), Dong Nai (up 2.5%) and Ho Chi Minh City (up 1.5%). However, Da Nang recorded a decrease of 2.1%.

In the 10 months, IIP is estimated to increase by 9.2% over the same period last year and higher than the 8.3% increase in the same period in 2024. Of which, the processing and manufacturing industry continues to be the main driving force with an increase of 10.5% (same period in 2024 increased by 9.5%), contributing 8.5 percentage points to the overall increase. In addition, the water supply, waste and wastewater management and treatment industry increased by 9.0%, contributing 0.1 percentage point. The electricity production and distribution industry increased by 6.8%, contributing 0.6 percentage points. In contrast, the mining industry decreased slightly by 0.1%, reducing 0.01 percentage point to the overall increase.

Some key secondary industries recorded impressive growth in 10 months, such as motor vehicle production increased by 23.5%, rubber and plastic product production increased by 17.3%, and other non-metallic mineral product production increased by 16.8%... On the contrary, some industries had low growth or decreased growth, such as unclassified machinery and equipment production increased by 3.9%, hard coal and lignite mining increased by 3.4%, and crude oil and natural gas mining decreased by 4.1%.

Notably, key industrial products in the 10 months all recorded significant growth compared to the same period. Notably, automobiles increased by 42.2%, televisions increased by 19.6%, rolled steel increased by 17.7%, cement and aquatic feed both increased by 14.6%; casual clothes increased by 14.3%... Meanwhile, some products decreased compared to the same period such as gaseous natural gas decreased by 7.5%, synthetic fiber textiles decreased by 2.3%, crude oil decreased by 0.9%.

Regarding labor, as of October 1, the number of workers in industrial enterprises increased by 0.8% compared to the previous month and by 3.6% compared to the same period last year. Of which, foreign-invested enterprises (FDI) had the highest increase of 4.1%. The processing, manufacturing, production and distribution of electricity, gas... industries all recorded an increase in the number of workers.

With the above positive figures, the industrial sector is showing resilience, especially the processing and manufacturing sector. This growth momentum contributes significantly to the overall economic growth and at the same time creates more jobs for workers./.

Source: https://baolangson.vn/san-xuat-cong-nghiep-trong-10-thang-ghi-nhan-muc-tang-truong-an-tuong-9-2-5064109.html