Hai Duong's key industries all grow by double digits in November

Hai Duong’s index of industrial production (IIP) in November increased by 16.4% over the same period last year, reported the provincial Statistics Office.

In the first 11 months of 2024, the province’s IIP grew by 13.9% year on year.

A number of industries with large proportions recorded high production, greatly impacting on the overall IIP growth.

For instance, motor vehicle manufacturing witnessed an increase of 13.1%, contributing 3 percentage point to the IIP expansion.

Electrical equipment manufacturing surged by 42.6%, contributing 1.4 percentage point to the IIP growth. The technological development trend in the digital age heightened demand for electrical and electronic equipment globally, leading to an increase in export orders for the industry.

Textiles and garments rose by 23.3% and 13.2% respectively, having a part in a 1.1 percentage point increase of the IIP.

In addition to the recovery of the international market, some enterprises’ workshop expansion, such as Regent Garment 3 project and those of Best Pacific Co., Ltd. and Yin Xiang International Co., Ltd. also contributed to the rise in the industry's production.

Metal manufacturing increased by 16.6%, contributing 1 percentage point to the IIP growth.

Signs of higher demand for civil construction and public investment projects in the second half of 2024 helped Hoa Phat’s construction steel sales increased in all three regions of Vietnam.

Besides, the expansion of a number of businesses, such as East Asia Aluminum JSC. and Shinyang Metal Vietnam Co., Ltd., also had a part in the sector’s growth.

HV