Industrial production in Hanoi grows positively

Industrial production in Hanoi continues to recover positively. (Photo: HNMO)

Notably, IIP of the processing and manufacturing industry increased by 4.4%; electricity production and distribution increased by 12.8%; water supply and waste and wastewater treatment increased by 8.8%; and the mining industry decreased by 3.3%.

In July 2024 alone, the IIP is estimated to increase by 2.3% from the previous month and by 6.2% compared to the same period last year, of which the processing and manufacturing industry increased by 2.2% and 5.9%, electricity production and distribution soared by 3.6% and 9.9%; water supply and waste and wastewater treatment went up by 0.5% and 5.1%; mining surged by 1.3% and 3.2%.

In addition, most processing and manufacturing industries achieved high growth rates compared to the same period, such as machinery and equipment production with 14.9%; paper and paper products production 13.8%; bed, wardrobe, table and chair production 11%; other processing and manufacturing industries 9.1%; electrical equipment production 8.7%; and chemical and chemical products production 7.8%.

Meanwhile, the number of workers working in industrial enterprises is estimated to increase by 0.5% by the end of July 2024 from the previous month and decrease by 0.2% compared to the same period last year.

In the first 7 months of 2024, the labor utilization index of industrial enterprises declined by 1.4% compared to the same period last year, of which the number of workers working in non-state enterprises decreased by 3.7% while those of the foreign-invested sector decreased by 0.6 and the state sector increased by 1.6%./.