The index saw a year-on-year growth rate of 12.9% in the first quarter and 8.4% in the second one of 2018.
The manufacturing and processing industry witnessed the strongest IIP growth at 12.7% during the two-quarter period, contributing 9.7% points to the overall index.
It was followed by the electricity production and distribution sector, which went up 10.4%, and the water supply and waste treatment sector, increased by 6.7%. The mining sector declined by 1.3% due to a 5.7% drop in the exploitation of crude oil, gas and coal.
The government-run office said the IIP in June increased by 12.3% compared to the same period last year. Among the index contributors, the mining sector dropped 3.6%; the manufacturing and processing industry climbed by 15.5%; electricity production and distribution sector up 10% and water supply and waste treatment sector inched up 8%, on a yearly basis.
In 2017, Vietnam’s IIP enjoyed year-on-year increase of 9.4%, much higher than 7.4% rise seen in the previous year.
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It was followed by the electricity production and distribution sector, which went up 10.4%, and the water supply and waste treatment sector, increased by 6.7%. The mining sector declined by 1.3% due to a 5.7% drop in the exploitation of crude oil, gas and coal.
The government-run office said the IIP in June increased by 12.3% compared to the same period last year. Among the index contributors, the mining sector dropped 3.6%; the manufacturing and processing industry climbed by 15.5%; electricity production and distribution sector up 10% and water supply and waste treatment sector inched up 8%, on a yearly basis.
In 2017, Vietnam’s IIP enjoyed year-on-year increase of 9.4%, much higher than 7.4% rise seen in the previous year.
