Hanoi's industrial production up 7.3% in Jan-July
For the seven-month period, the mining industry growth declined by 28.6% year-on-year while manufacturing and processing was up 7.4%, production and distribution of electricity up 8.1%, and water supply, sewage treatment and water collection up 7.3%.
Hanoi`s Index of Industrial Production (IIP) in July expanded 2.1% month-on-month and 7.9% year-on-year, leading to an increase of 7.3% year-on-year for the January – July period, according to the Hanoi Statistics Office.
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The production and distribution of electricity rose 9.4% and 8.4%, while water supply, sewage treatment and water collection increased by 8.2% and 4.9% on a monthly and annual basis, respectively.
For the seven-month period, the mining industry growth declined by 28.6% year-on-year while manufacturing and processing was up 7.4%, production and distribution of electricity up 8.1%, and water supply, sewage treatment and water collection up 7.3%.
Some of the industrial subsectors that registered remarkable growth during the January - July period are food processing, wood processing, rubber products, electronic devices, computers, prefabricated metal products, beds and wardrobes.
The employment rate of industrial companies in July expanded 0.5% month-on-month and down 2.9% year-on-year, of which, employment in the FDI sector up 1% and down 2.9%, in the state sector down 1.2% and 5.8%, and the private sector up 0.1% and down 1.8%.
Meanwhile, the number of workforce working in mining industry saw a decline of 50.1% year-on-year, in manufacturing and processing down 2.9%, production and distribution of electricity up 0.9%, water supply and waste treatment up 3%.
During the January – July period, the employment rate of industrial companies was 0.2% lower year-on-year. In the state sector, the rate saw a decline of 2.6% year-on-year, private sector employment expanded 0.1% and the FDI sector up 0.5%. For economic groups, the rate of employment in the mining industry decreased 17% year-on-year, manufacturing and processing down 0.2%, production and distribution of electricity down 0.5%, water supply and waste treatment up 3.9%.
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