Manufacturers in overdrive to cater to year-end consumption
The General Statistics Office (GSO) reported optimistic signals in industrial production, attributing the positive trend to businesses securing orders and gearing up for year-end consumer demand.
At an electronic assembling line in Bac Giang (Photo: VNA)
Hanoi (VNA)🍒 – The General StatisticsOffice (GSO) reported optimistic signals in industrial production,attributing the positive trend to businesses securing orders and gearing up foryear-end consumer demand.
Specifically,the index of industrial production (IIP) in November rose by 5.8% annually,marking the highest growth since the beginning of this year. Yearon year, the manufacturing and processing sector grew by 6.3%, electricityproduction and distribution up 9.2%; water supply, waste and wastewater managementtreatment up 3.3%. However, the mining sector experienced a decrease of 3.8%.
Dueto the global economic downturn, the overall IIP for the cumulative 11 months increasedby only 1% annually. Despite this, it represented the highest year-on-year growth since earlythis year, indicating a positive recovery trend in industrial production.
In the industrial hub of the southern province of Binh Duong, a surge in orders has prompted numerous businesses to seek additional workers. Demand for recruitment extends from now untilthe year's end, ranging from 400 to 1000 workers per company.
💞 In the bustling southern metropolis of Ho ChiMinh City, the IIP experienced a monthly surge of 3.85% and an impressive annualgrowth of 9.8%. Over an 11-month period, it recorded a 4.1% increase comparedto the corresponding period last year./.
The index of industrial production (IIP) in the first half of 2023 grew by only 0.44% compared to the same period last year due to decreasing orders, falling demand and rising input costs, according to the General Statistics Office (GSO).
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At an electronic assembling line in Bac Giang (Photo: VNA) 
