Industrial production in August continued to grow by 2.2%

Many provinces and cities have achieved a fairly high growth rate in the IIP index thanks to the high growth of the processing and manufacturing industry.

On September 6, the General Statistics Office announced data on industrial production, showing that this industry continues to be an important driving force of the economy . Accordingly, the index of industrial production (IIP) in August is estimated to increase by 2.2% compared to July and recorded a significant increase of 8.9% over the same period last year. This contributes to strengthening the IIP growth momentum of the eight months, estimated at 8.5% over the same period in 2024.

The main driving force comes from key manufacturing industries. Accordingly, the processing and manufacturing industry continues to be the locomotive with an increase of 9.5% over the same period last year. The mining industry also had a strong recovery with an increase of 9.1%, the electricity production and distribution industry increased by 6.1%, meeting consumption demand. The water supply, waste and wastewater management and treatment industry increased by 2.4%.

In the first eight months of 2025, IIP is estimated to increase by 8.5% year-on-year, higher than the 8.4% growth rate of the same period in 2024. The manufacturing and processing industry contributed the most to the overall growth rate with 10% (contributing 8.1 percentage points). The water supply and waste treatment industry increased by 9.1% (contributing 0.1 percentage points) and electricity production and distribution increased by 4.9% (contributing 0.5 percentage points). Notably, the mining industry decreased by 1.1%, reducing the overall growth rate by 0.2 percentage points.

Notably, many secondary industries recorded impressive growth. Notably, motor vehicle production increased by 27.4%, rubber and plastic product production increased by 17.5%, non-metallic mineral product production increased by 15%, garment production increased by 13.9%... On the contrary, some industries increased slightly or decreased, such as crude oil and natural gas exploitation decreased by 5.5%.

Regarding key industrial products, automobiles witnessed a record increase of 59.6%, televisions increased by 21.4%, NPK mixed fertilizer increased by 17.9%, and casual clothes increased by 14.7%... However, gaseous natural gas decreased by 9.4% and crude oil production decreased by 1.6%.

Many provinces and cities have achieved a fairly high IIP growth thanks to the high growth of the processing and manufacturing industry, such as Quang Ninh (+32.1%), Phu Tho (+27.3%), Ninh Binh (+23.7%) and Hai Phong (+16.4%). Electricity production and distribution also increased sharply in Hue (+39.5%) and Nghe An (+27.6%). However, some localities still face challenges when IIP growth is low or decreases in some industries, for example, processing and manufacturing in Ha Tinh decreased by 0.2% and Cao Bang decreased by 7% or electricity production in Ho Chi Minh City decreased by 36.6%.

In that context, the employment situation in industrial enterprises also showed positive signs. As of August 1, the number of employees increased by 0.9% compared to the previous month and 4.7% compared to the same period last year. Of which, foreign-invested enterprises (FDI) had the highest labor growth rate with 5.4% compared to the same period last year.

vietnamplus.vn

Source: https://baolaocai.vn/san-xuat-cong-nghiep-thang-tam-tiep-tuc-tang-truong-22-post881430.html