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Vietnams industrial growth hits four-year high

Source: 
The Sun

The value added for the entire industrial sector in the first nine months of 2019 grew 9.56% compared to the same period last year, which is the highest it has been within the last four years, according to the General Statistics Office (GSO).

The manufacturing industry continued to record the largest increase in the Index of Industrial Production (IIP) at 11.37%, followed by electricity generation and distribution at 10.7%.

The IIP for water supply and waste treatment went up 8.43% while the mining sector began to see a slight growth at 2.68%, after years of decline, thanks to a surge in coal exploitation.

Some major industrial products with high IIP growth during the January-September period were crude iron and steel at 49.1%, petroleum at 40.3%, televisions at 19.3% and aquatic feeds at 14%.

In the meantime, the production of fabrics from natural fibers increased by 12.8% year-on-year, followed by the manufacturing of chemical paints at 12.6%, clean coal at 12.2% and mobile phones at 12.2%.

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