National Index of Industrial Production down

by VTV410 July 2016 Last updated at 16:40 PM

VTV.vn - The Ministry of Industry and Trade revealed that the national Index of Industrial Production (IIP) rose by 7.5% in the first six months of this year, lower than the 9.7% increase of the same period last year.

IIP in HCMC went up 6.9%. IIP growth has decreased due to a decline in the mining industry caused by falling oil prices. 

In the second quarter of this year, crude oil output went down by 6.1%. Meanwhile, the inventory level of processing and manufacturing industries in the first half of this year rose 9% year on year. Industries with the highest inventory levels include motor vehicles, electronic products, computer, and paper.

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