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The Ninh Binh province's index of industrial production (IIP) in January rose significantly by 22.9 per cent against the same month last year, according to the Department Statistics Office.
Ninh Binh's rapidy growing industrial production in recent years has led to the great demand for raw materials, components, equipment and accessories serving production. However, enterprises operating in support industries have so far accounted for a small proportion of the locality's total industrial production value. Recognising the important role of the support industries, the Government, ministries, and Ninh Binh province have issued numerous documents to boost the development of the support industries.
Vietnam's Index of Industrial Production (IIP) expanded 10.1 percent year-on-year in the first 11 months of 2018, according to the General Statistics Office (GSO).
Vietnam's index of industrial production (IPP) rose by 10.9% in the first seven months of 2018, compared with the 7.1% increase reported in the same period last year.
The industrial production index went up 15.2% in the first two months of 2018, much higher than the 2.4% level of the same period last year.
The year 2017 is a successful year of the industrial sector as it posted high export growth and industrial production index, contributing significantly to the province's GDP growth, creating jobs, boosting goods sales, and spurring socio-economic development.
Ninh Binh's industrial production index (IPI) was estimated to hit 40.3 trillion VND (189 million USD) in 2017,posting an increase of 25 percent against 2016, the provincial Statistics Office reported.
