According to the General Statistics Office, compared to the same period last year, the processing and manufacturing industry increased by 8.8%; the electricity production and distribution industry increased by 6.0%; water supply, waste and wastewater management and treatment activities increased by 6.9%; while the mining industry decreased by 10.4%.
In the first 10 months of 2024, the industrial production index (IIP) is estimated to increase by 8.3% over the same period last year (the same period in 2023 increased by 0.5%).
Of which, the processing and manufacturing industry increased by 9.6% (in the same period in 2023, it increased by 0.5%), contributing 8.3 percentage points to the overall growth; the electricity production and distribution industry increased by 10.3%, contributing 0.9 percentage points; the water supply, waste and wastewater management and treatment industry increased by 9.5%, contributing 0.2 percentage points; the mining industry alone decreased by 7.2%, reducing 1.1 percentage points to the overall growth.
The production index in the first 10 months of 2024 of some key secondary industries increased sharply compared to the same period last year: Production of rubber and plastic products increased by 26.3%; production of beds, cabinets, tables and chairs increased by 24.8%; production of coke and refined petroleum products increased by 16.0%; production of chemicals and chemical products increased by 14.6%; production of motor vehicles increased by 14.0%; textiles increased by 12.1%; production of products from prefabricated metal (except machinery and equipment) increased by 11.9%; production of leather and related products increased by 11.4%; production of electronic products, computers and optical products increased by 8.8%; food processing increased by 7.5%.
On the contrary, the IIP index of some industries increased slightly or decreased: Production of other means of transport increased by 3.0%; production of beverages increased by 0.9%; exploitation of crude oil and natural gas decreased by 11.8%; mining of hard coal and lignite decreased by 5.9%; repair, maintenance and installation of machinery and equipment decreased by 3.9%; production of other non-metallic mineral products decreased by 0.4%.
The industrial production index in the first ten months of 2024 compared to the same period last year increased in 59 localities and decreased in 04 localities nationwide. Some localities had a fairly high increase in the IIP index due to the high growth of the processing and manufacturing industry; electricity production and distribution industry; and mining industry.
On the contrary, some localities have low or decreasing IIP index due to low or decreasing growth in processing and manufacturing industry and electricity production and distribution industry.
Some key industrial products in the first 10 months of 2024 increased compared to the same period last year: Steel bars and angle steel increased by 21.8%; gasoline increased by 17.6%; rolled steel increased by 16.4%; automobiles increased by 15.8%; natural fiber textiles increased by 15.0%; diameter increased by 14.5%; powdered milk increased by 12.8%; NPK mixed fertilizer increased by 11.5%.
On the contrary, some products decreased compared to the same period last year: Gaseous natural gas decreased by 17.3%; LPG decreased by 14.6%; coal (clean coal) decreased by 5.9%; crude oil decreased by 5.8%; mobile phones decreased by 5.6%; beer decreased by 2.6%; aluminum decreased by 1.9%.
