Hanoi’s eight-month industrial production index rises 7.4%

The largest year-on-year increase was recorded in the electrical production and distribution sector with 9%, followed by the processing & manufacturing and water supply & waste water collection and treatment sectors, with respective rises of 7.6% and 1.6%. The figures show a gradual recovery of production sectors after a long stagnation caused by economic downturns. The situation is expected to be maintained in the remaining months of this year.

A number of industrial sectors with high proportions reaping remarkable growth during January-July included engine vehicle manufacturing (40.9%), furniture (30.3%), pharmaceuticals and medicine (25.7%), wooden and rattan processing (19.3%), garments (17.8%), wood and paper (17.1%), mineral and non-metallic production (11.2%) and chemicals (9%).