Industrial index up 6.5% in 7 months

by VTV402 August 2017 Last updated at 16:36 PM

VTV.vn - Viet Nam's Index of Industrial Production (IIP) posted a 6.5 per cent year-on-year increase in the first seven months of the year, according to the General Statistics Office (GSO).

 

But GSO experts said it was lower than the 7.2 per cent rate in the first seven months of 2016. They also warned that the growth of the national IIP in the first seven months was not sustainable because the index of inventory rose by 10.4 per cent year-on-year, higher than the inventory index of 10.2 per cent in the first seven months of 2016.

According to the GSO figures, the IIP of the manufacturing and processing sector rose by 10.6 per cent over the same period last year. However, the mining sector, one of key industrial production sectors, saw a 7.5 per cent IIP drop during the first seven months. Many other products experienced lower growth or reduction in output, including motorbikes, coal, mobile phones, auto, crude oil and gas.

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