Mon, 06 Feb 2023

HANOI, Dec. 2 (Xinhua) -- Vietnam's national index of industrial production advanced 8.6 percent year on year in the first 11 months of this year, according to the country's General Statistics Office on Friday.

The processing and manufacturing sector, the main driver behind the increase, went up by 8.9 percent. The electricity production and distribution sector expanded by 7.7 percent, and the water supply and waste management sector increased by 7.1 percent, said the office.

In November alone, the industrial production index rose 0.3 percent against October and 5.3 percent year on year.

The industrial production growth of Vietnam slowed down due to decreasing demand, rising input costs and a shortage of material supply, the office said.

In the 11-month period, the production of beer witnessed the largest output increase year on year of 34.9 percent, followed by processed seafood and automobiles, both up 17.3 percent, and phone accessories, up 16.9 percent.

In the same period, the total number of employees in the industrial sector increased by 5.9 percent year on year, said the office.

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