Hanoi’s index of industrial production (IIP) in the first seven months of 2016 surges by 7% year-on-year.
Industrial products that posted high growth included food (21 percent), clothing (31.9 percent), medicine (25.4 percent), steel and iron (20.7 percent) and furniture (107.2 percent). The IIP, however, declined for several products such as mining (36 percent), wood and wood-based products (35 percent), beverage (9.3 percent), textiles (4.4 percent) and chemicals (6.5 percent).
The outlook for the Capital’s industrial production in the second half of the year is bright thanks to the expansion of processing and manufacturing and the development of support industries.
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