IIP rises 10.4% in January-October
Author: Trâm Thị Quỳnh Đỗ Updated: 30/10/2018 Views: 1

IIP rises 10.4% in January-October

Footwear products are made at Vạn Ý Company in Cần Thơ Province’s Trà Nóc Industrial Zone. — VNA/VNS Photo Vũ Sinh

The country’s index of industrial production (IIP) rose by 10.4 per cent in January-October, higher than the 9.6 per cent increase over the same period last year, according to latest updates from the General Statistics Office (GSO).

The IIP of the manufacturing and processing industry increased by 12.7 per cent, contributing 9.8 per cent to the overall increase in the 10-month period.

Only the mining industry saw a fall by 2.6 per cent.

The industrial production continued the positive trend in October, a sign showing that GDP growth in the last quarter of this year would continue the upward trend, according to the GSO.

GDP growth was forecast to exceed the National Assembly’s target of 6.7 per cent. 

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