Business

Industrial production index up 9% in 10 months

Vietnam’s index of industrial production (IIP) went up 9% in the first 10 months of this year, the Ministry of Planning and Investment (MPI) reported.
Industrial production index up 9% in 10 months ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – Vietnam’s index of industrialproduction (IIP) went up 9% in the first 10 months of this year, the Ministryof Planning and Investment (MPI) reported.

MPI Minister Nguyen Chi Dung said improvements havebeen seen in production and businesses over the past time, with the IIP inOctober alone rising 6.3% year-on-year.

Trade and services, especially the domestic demand,continued their recovery trends.

In the month, the number of newly-established firmsalso increased 58.3% as compared with the same period last year.

Between January and October, the number of new firmsand those resuming their operations reached nearly 178,500, up 38.3%year-on-year and 1.3 times that of  those leaving the market./.
VNA
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