According to socio-economic data for July and the first 7 months of 2023 of the General Statistics Office (Ministry of Planning and Investment), the index of industrial production (IIP) for July 2023 is estimated to increase by 3.9% over the previous month and increase by 3.7% over the same period last year.
Of which, compared to the same period last year, the processing and manufacturing industry increased by 3.6%; the mining industry increased by 4%; the electricity production and distribution industry increased by 4.1%; water supply, waste and wastewater management and treatment activities increased by 8.3%.
The growth and decrease rates of IIP in July 2023 compared to the previous month of some localities with large industrial scale are: 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%.
Also according to the General Statistics Office, the industrial production index in the first 7 months of 2023 compared to the same period last year increased in 49 localities and decreased in 14 localities nationwide.
Localities with high production index of processing and manufacturing industry in the first 7 months of 2023 compared to the same period last year are: Bac Giang increased by 16.1%; Phu Tho increased by 15.8%; Kien Giang increased by 13.9%; Nam Dinh increased by 13.6%; Phu Yen increased by 12.6%; Ha Nam increased by 11.3%. Localities with high index of electricity production and distribution industry: Hau Giang increased by 211.3%; Khanh Hoa increased by 89.7%; Thai Binh increased by 82.4%; Tra Vinh increased by 19%; Nam Dinh increased by 10.9%.
In the first 7 months of this year, IIP is estimated to decrease by 0.7% compared to the same period last year (the same period in 2022 increased by 8.6%).
Of which, the processing and manufacturing industry decreased by 1% (in the same period in 2022, it increased by 9.5%), reducing the overall growth rate by 0.7 percentage points.
The electricity production and distribution industry increased by 1.4%, contributing 0.1 percentage points; the water supply, waste and wastewater management and treatment industry increased by 6.3%, contributing 0.1 percentage points; the mining industry decreased by 1.2%, reducing 0.2 percentage points.
The production index in the first 7 months of 2023 of some key secondary industries increased sharply compared to the same period last year. For example, the production of coke and refined petroleum products increased by 12.2%; metal ore mining and tobacco product production both increased by 8.6%.
On the contrary, the IIP index of some industries decreased, such as wood processing and production of products from wood, bamboo and rattan decreased by 6.9%; paper and paper products decreased by 6.8%; motor vehicle production decreased by 6.2%; garment production decreased by 5.5%; production of electronic products, computers and optical products and production of products from other non-metallic minerals both decreased by 4.3%.
Another positive figure in the economic picture in July is that investment capital implemented from the State budget in July is estimated at 58,500 billion VND, up 28.4% over the same period last year.
In the first 7 months of 2023, the total investment capital from the State budget is estimated at more than VND 291,000 billion, equal to 41.3% of the annual plan and an increase of 22.1% over the same period last year (the same period in 2022 was equal to 39.7% and an increase of 12.3%).
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