Industry sees 3.2% growth in added value

HCMC – Last year saw industry recording 3.2% growth in added value against the previous year, General Statistics Office data showed. Processing and manufacturing posted a 3.62% rise in added value and contributed 93 basis points to the country’s economic growth. In contrast, the mining sector’s value was down 3.17%The 2023 index of industrial production (IIP) inched up 1.5% year-on-year. Sectors posting strong IIP growth were plastics and plastic products (13.2%), chemicals and chemical products (9.5%), metals mining (8.3%), textiles (7%), and food production and processing (6.1%). These disparities were attributed to the performance of processing and manufacturing, mining, and electricity-related activities.