The processing and manufacturing sector, which made up 70% of total industrial output, achieved an encouraging 8.3% growth.
Several industries have seen high growth during the nine-month period including telephone handsets with 72.3%; electronics, computers and optical equipment with 35.9%; leather products and footwear with 31.3%; and electrical output with 13.1%.
Meanwhile, declines in industrial production have been seen in sectors including sugar (25.6%); and powdered milk (23.3%). Products with lower growth rates include crude oil and steel (3.2%); chemicals (3%); and pharmaceuticals (0.9%).
GSO experts also said that despite of the nine-month growth, the nation's IIP remained equal to one-third of the growth seen a few years ago. They attributed this to low consumption and a high inventory index, which stood at 11.6%.
The industry and trade sector in 28 northern cities and provinces will make efforts to achieve an IIP of VND2.17 quadrillion (over US$102 billion) this year. Achievement of this target will lead to a 22.5% year-on-year increase.
Meanwhile, declines in industrial production have been seen in sectors including sugar (25.6%); and powdered milk (23.3%). Products with lower growth rates include crude oil and steel (3.2%); chemicals (3%); and pharmaceuticals (0.9%).
GSO experts also said that despite of the nine-month growth, the nation's IIP remained equal to one-third of the growth seen a few years ago. They attributed this to low consumption and a high inventory index, which stood at 11.6%.
The industry and trade sector in 28 northern cities and provinces will make efforts to achieve an IIP of VND2.17 quadrillion (over US$102 billion) this year. Achievement of this target will lead to a 22.5% year-on-year increase.
