Industrial production in November continued to prosper when localities across the country implemented the Government’s Resolution No. 128/NQ-CP dated October 11, 2021 on safe adaptation, flexibility, effective control and safety Covid-19 epidemic results. The index of industrial production in November 2021 is estimated to increase by 5.5% over the previous month and by 5.6% over the same period last year. In 11 months of 2021, the index of industrial production increased by 3.6% over the same period in 2020.
The index of industrial production (IIP) in November 2021 was estimated to increase by 5.5% over the previous month and up 5.6% from the same period last year, of which the mining and quarrying industry went up by 2.2%; manufacturing decreased by 6.4%; electricity production and distribution went up by 2.2%; water supply, waste and wastewater management, and treatment up by 1.2%.
Overall, in 11 months of 2021, the IIP was estimated to increase by 3.6% over the same period last year (higher than the growth rate of 3% in the same period in 2020). Of which, the manufacturing rose by 4.8% (the same period last year up 4.4%), contributing 4.2 percentage points to the general growth; electricity production and distribution went up by 3.8%, contributing 0.3 percentage points; water supply, waste and wastewater management, and treatment peaked up by 3%, contributing 0.1 percentage points; the mining industry alone shrank by 6%, down by 1 percentage points in the general growth rate.