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Vietnam's industrial production index’s expansion slows down in November

  • Friday, December 6, 2019
  • Source:ferro-alloys.com

  • Keywords:Vietnam's industrial production index
[Fellow]The IIP decreased by an estimated 1.6 percent compared to last month.

 [Ferro-Alloys.comThe Index of Industrial Production (IIP) in November saw the lowest rise since the beginning of 2019 at 5.4 percent, mostly due to the slowing-down of mining and processing-manufacturing sectors, according to the General Statistics Office (GSO).

The IIP decreased by an estimated 1.6 percent compared to last month.

Meanwhile, the IIP for the first 11 months of 2019 expanded 9.3 percent year-on-year, lower than the 10 percent growth in the same period of 2018, with processing-manufacturing sector growing 10.6 percent.

According to the office, industrial products that enjoyed high growth in the 11-month period included crude steel and iron (37.5 percent), petrol (23.9 percent), steel bars (20.5 percent), television (14.6 percent), mobile phones (12.3 percent), natural fabric (11.7 percent), chemical paint (11.2 percent), processed aquatic products (10.3 percent), and electricity generation (9.5 percent).

As of November 1, the total number of workers employed by industrial firms had rose 1.5 percent from one month before and 2.7 percent compared to the same time last year. (Vietnamplus)

  • [Editor:kangmingfei]

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