According to the Provincial Statistics Office assessment, the industrial production situation of the province continued to show a positive trend in November 2023. The output and orders for certain products in the processing and manufacturing industry have gradually increased. Production is meeting the demand of both the domestic market and exports.
|From the beginning of the year until now, engine parts have been one of the industrial product groups with a significantly high production volume. In the photo: Bearing production at Pho Yen Mechanical Joint Stock Company.
The province's Industrial Production Index (IIP) increased by 3.2 percent in November compared to the previous month and increased by 8.28 percent compared to the same period in 2022. It marks the month with the highest IIP increase from the beginning of the year to now. Over 11 months in 2023, the province's IIP increased by 5.09 percent.
Specifically, the processing and manufacturing industry increased by 5.17 percent; production and distribution of electricity, gas, hot water, steam, and air conditioning increased by 4.68 percent; water supply and waste management and wastewater increased by 7.64 percent; and mining activities decreased by 4.52 percent.
The product groups with increased production volume from the beginning of the year until now are: quarrying stone; textiles; refined copper, copper cores; tungsten and tungsten product; engine parts; electrical products and commercial water machines.