#industrial production

Industrial production continued to be a major growth driver. The Index of Industrial Production (IIP) in May increased 8.8% year-on-year, while the five-month figure rose 9.1%, the highest growth rate in four years. Manufacturing and processing expanded by 9.5%, contributing 7.4 percentage points to overall industrial growth.

Hanoi’s industrial production index showed an 8.5% rise year-on-year in November, according to the city’s statistics office.

The national index of industrial production (IIP) was estimated to rise 7.4% in April, reported the General Statistics Office (GSO) on May 1.

Vietnam’s index of industrial production (IIP) rose by 7.5% this year, much lower than the 9.8% growth seen in 2015.