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.