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Vietnam’s industrial production index rises in December

Vietnam recorded 5.8 percent growth in its industrial production index in December over a year earlier, The Investors has reported. For the year the country record just 1.5 percent. The GSO says under performance is the result of falling global demand.

Performance by sector

  • Manufacturing-processing sector grew by 1.6 percent;
  • Electricity, gas, hot water and air conditioning by 3.5 percent; and 
  • Water supply and waste-wastewater treatment by 5.8 percent. 
  • The mining sector recorded a fall of 3.9 percent.

Performance by sub-sector

  • Plastics and plastic products at record the highest growth with 11.8 percent, followed by
  • Mining of metals at 13.2 percent, 
  • Tobacco at 10.1 percent; 
  • Chemicals and chemical products at 9.5 percent; and 
  • Metal mining at 9.5 percent.
  • The worst performers were electronics, computers and optical products which recorded a drop og 0.6 percent;
  • Wood processing and wooden products -1.5 percent; 
  • Manufacturing of vehicles with engines -2.4 percent;
  • manufacturing of other vehicles -10.7 percent, and 
  • crude oil and natural gas exploitation -5.7 percent.

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