Positive signal from industrial production in the first 7 months of the year
According to the General Statistics Office, industrial production in July was better than the previous month, estimated industrial production index in the month increased by 3.9% compared to the previous month and increased by 3.7% over the same period last year. However, the world economic situation faced many difficulties in the first months of 2023, which affected the results of domestic industrial production. In the first 7 months of 2023, the industrial production index was estimated to decrease by 0.7% over the same period last year.
The index of industrial production (IIP) in July 2023 was estimated to increase by 3.9% over the previous month and by 3.7% over the same period last year. In which, compared to the same period last year, the processing and manufacturing industry increased by 3.6%; the mining industry increased by 4%; electricity production and distribution increased by 4.1%; water supply, management, and treatment of waste and wastewater increased by 8.3%.
In the first 7 months of 2023, IIP was estimated to decrease by 0.7% compared to the same period last year (in the same period in 2022, it increased by 8.6%). In which, the processing and manufacturing industry decreased by 1% (in the same period in 2022, it increased by 9.5%), reducing by 0.7% the general growth rate by; electricity production and distribution increased by 1.4%, contributed by 0.1%; water supply industry, waste and wastewater management and treatment activities increased by 6.3%, contributing 0.1%; mining industry decreased by 1.2%, making a decrease of 0.2%.
Notably, the production index in the first 7 months of 2023 of the number of key grade-II industries increased sharply over the same period last year, such as the production of coke, and refined petroleum products increased by 12.2%; metal ore mining, and tobacco product production both increased by 8.6%; production of rubber and plastic products increased by 7.6%; waste collection, treatment, and destruction activities; scrap recycling increased by 7.3%; production of prefabricated metal products (except for machinery and equipment) increased by 6.4%.
![]() |
Industrial production has had a remarkable recovery. Photo: H.Diu |
In the opposite direction, the IIP index of some industries recorded a decrease such as wood processing and production of wood, bamboo, and cork products decreased by 6.9%; production of paper and paper products decreased by 6.8%; motor vehicle production decreased by 6.2%; apparel production decreased by 5.5%; manufacture of electronic products, computers and optical products, and production of other non-metallic mineral products also decreased by 4.3%.
The rate of increase/decrease of the industrial production index in the 7 months of 2019-2023 compared to the same period last year was: 9.4%; 2.6%; 7.6%; 8.6% and -0.7%. Industrial production index in 7 months of 2023 over the same period last year increased in 49 localities and decreased in 14 localities across the country. IIP index of some localities achieved a relatively high increase because the processing and manufacturing industries; electricity generation and distribution industries increased. On the other hand, some localities had a decrease in the IIP index because the processing and manufacturing industries; mining and electricity production and distribution decreased.
Records of the increase/decrease in the IIP index in July 2023 compared with the previous month of some large-scale industrial regions showed that: Bac Ninh increased by 23.8%; Thai Nguyen increased by 9%; Vinh Phuc increased by 5.8%; Vinh Long increased by 3%; Binh Duong increased by 2.3%; Ho Chi Minh City increased by 1.9%; Long An increased by 0.8%; Hai Phong decreased by 6.7%; Quang Ninh decreased by 1.9%; Hai Duong decreased by 1.3%.
Regarding labor, the number of employees working in industrial enterprises as of July 1, 2023, increased by 0.9% compared to the same period last month and decreased by 3.9% over the same period last year. In which, state-owned enterprises increased by 0.1% and decreased by 1.1%; non-state enterprises increased by 0.3% and decreased by 3.5%; foreign-invested enterprises increased by 1.2% and decreased by 4.4%.
For kind of industries, the number of employees working in mining enterprises increased by 0.1% over the same period last month and decreased by 0.9% over the same period last year; processing and manufacturing industries increased by 0.9% and decreased by 4.2%; electricity, gas, hot water, steam and air-conditioning production and distribution industries remained unchanged from the same period last month and down 1.9% over the same period last year; industry of water supply, waste and wastewater treatment and management activities increased by 0.1% and 1.7%.
Also according to the General Statistics Office, a number of key industrial products in the first 7 months of 2023 increased sharply compared to the same period last year such as refined sugar increased by 32.3%; mixed fertilizer N.P.K increased by 15.9%; gasoline increased by 13.2%; television increased by 11.4%; fabrics made from man-made fibers increased by 8.9%; cigarettes increased by 8.6%; chemical paint and fresh milk both increased by 6%.
One of the more positive signals for the economy in the first 7 months of that year was that the investment capital realized from the state budget in July is estimated at VND 58,500 billion, up 28.4% over the same period last year. In the first 7 months of 2023, investment capital realized from the state budget is estimated at more than VND 291,000 billion, equalling 41.3% of the year plan and increasing by 22.1% over the same period last year (same period in 2022). by 39.7% and increased by 12.3%). Disbursement of investment capital is estimated at VND 58,500 billion, up 28.4% over the same period last year. |
Related News
![If it is "permissive", OCOP products will not be effective for export](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/18/17/449801980-681389837513658-7949573038336496133-n2024071209413220240712152744-120240718170356.png?rt=20240718170359?240719021241)
If it is "permissive", OCOP products will not be effective for export
14:12 | 19/07/2024 Import-Export
![Building a Vietnamese brand associated with green and sustainable development](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/12/15/croped/1420240702103906-120240712154252.jpg?240715095836)
Building a Vietnamese brand associated with green and sustainable development
09:58 | 15/07/2024 Import-Export
![Industrial production has not yet been able to fully recover as before the Covid-19 pandemic](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/10/10/croped/152024022918594020240710105927.jpg?240716090224)
Industrial production has not yet been able to fully recover as before the Covid-19 pandemic
09:02 | 16/07/2024 Headlines
![Diversifying supply sources for businesses to participate in the global value chain](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/02/08/3b69120c4bb8e8e6b1a92024062617075720240702083941.jpg?rt=20240702083945?240702035401)
Diversifying supply sources for businesses to participate in the global value chain
15:54 | 02/07/2024 Import-Export
Latest News
HCM City annual international travel expo in September
15:15 | 26/07/2024 Import-Export
![Đồng Nai](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/26/15/croped/361692-4902364192590514-images2439387-z3245301932583-8e0fcec4c0298cbdd1a67efc377e87d420240726151202.9807900.jpg?240726031245)
Đồng Nai's key export item hopes for recovery
15:12 | 26/07/2024 Import-Export
![Rice exports to set record turnover of 5 billion USD in 2024](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/26/15/croped/1911gaoxuatkhaujpg-410520240726150836.9178600.jpg?240726030900)
Rice exports to set record turnover of 5 billion USD in 2024
15:08 | 26/07/2024 Import-Export
![4 export markets of tens of billions of dollars](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/15/image0012024072408363920240725154929.png?rt=20240725154931?240726081916)
4 export markets of tens of billions of dollars
08:19 | 26/07/2024 Import-Export
More News
![Difficult for phones to regain No. 1 position in exports](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/15/croped/image0012024072309572920240725155916.png?240726081749)
Difficult for phones to regain No. 1 position in exports
08:17 | 26/07/2024 Import-Export
![Indonesia licenses certificates of lobster cultivation for three Vietnamese companies](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/14/croped/lobster-409720240725140435.9377380.jpg?240725020459)
Indonesia licenses certificates of lobster cultivation for three Vietnamese companies
14:04 | 25/07/2024 Import-Export
![Vietnamese spend nearly 150 trillion VND on online shopping](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/14/croped/e-commerce-901820240725140330.8978560.jpg?240725020351)
Vietnamese spend nearly 150 trillion VND on online shopping
14:03 | 25/07/2024 Import-Export
![Four tens of billion USD export markets](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/24/22/croped/image00120240724083639-120240724220432.png?240725091715)
Four tens of billion USD export markets
09:17 | 25/07/2024 Import-Export
![Successful digital transformation solutions for wood industry enterprises](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/18/16/152024071210255720240718165847.jpg?rt=20240718165850?240725091456)
Successful digital transformation solutions for wood industry enterprises
09:14 | 25/07/2024 Import-Export
![Vietnamese lychee sold well at Costco stores in Australia](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/24/14/croped/screenshot-2024-07-24-091517-547920240724140956.8680410.jpg?240724021028)
Vietnamese lychee sold well at Costco stores in Australia
14:10 | 24/07/2024 Import-Export
![Durian exports forecast to top 3 billion USD in 2024](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/24/14/croped/durian-979820240724140848.8204690.jpg?240724020914)
Durian exports forecast to top 3 billion USD in 2024
14:09 | 24/07/2024 Import-Export
![FTA - support to promote pangasius export](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/15/16/17-ca2024012216053120240715164806.jpg?rt=20240715164809?240724091910)
FTA - support to promote pangasius export
09:19 | 24/07/2024 Import-Export
![Vietnam - France trade reached nearly US$2.5 billion in the first half of the year](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/23/14/croped/image0012024072010161720240723142729.png?240724091832)
Vietnam - France trade reached nearly US$2.5 billion in the first half of the year
09:18 | 24/07/2024 Import-Export
Your care
HCM City annual international travel expo in September
15:15 | 26/07/2024 Import-Export
![Đồng Nai](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/26/15/croped/medium/361692-4902364192590514-images2439387-z3245301932583-8e0fcec4c0298cbdd1a67efc377e87d420240726151202.9807900.jpg?240726031245)
Đồng Nai's key export item hopes for recovery
15:12 | 26/07/2024 Import-Export
![Rice exports to set record turnover of 5 billion USD in 2024](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/26/15/croped/medium/1911gaoxuatkhaujpg-410520240726150836.9178600.jpg?240726030900)
Rice exports to set record turnover of 5 billion USD in 2024
15:08 | 26/07/2024 Import-Export
![4 export markets of tens of billions of dollars](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/15/medium/image0012024072408363920240725154929.png?rt=20240725154931?240726081916)
4 export markets of tens of billions of dollars
08:19 | 26/07/2024 Import-Export
![Difficult for phones to regain No. 1 position in exports](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/15/croped/medium/image0012024072309572920240725155916.png?240726081749)
Difficult for phones to regain No. 1 position in exports
08:17 | 26/07/2024 Import-Export