5 key industries with the highest growth in Vietnam in the first 8 months of 2022

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International Business News  –  Vietnam’s Industrial Production Index (IIP) in the first eight months of 2022 increased by 9.4% year-on-year, according to a report by the General Office of Statistics of Vietnam (GSO). Among them, beverage manufacturing is the key industry in the IIP index

In August 2022, industrial production continued to rebound rapidly. Affected by the expansion of enterprises, it increased by 2.9% month-on-month and 15.6% year-on-year. Among them, the processing and manufacturing industry increased by 16.2% year-on-year; electricity production and distribution increased by 14.8%; water supply and garbage, wastewater management and treatment increased by 11%; mining industry increased by 10.2%.

In the industrial industry, the beverage IIP index increased by 26.8% year-on-year, the highest increase; followed by the clothing production index, up 22.5% year-on-year; the third is the leather and leather product IIP increased by 18.5%. The production of electrical equipment and the IIP of pharmaceuticals, pharmaceutical chemicals and medicinal materials increased by 17.4% year-on-year; the IIP of unclassified machinery and equipment increased by 14.3%.