Industrial production showed signs of recovery

10/10/2019 08:32

(BNP) – According to information from the Department of Statistics, after 12 consecutive months of decline (from September 2018 to August 2019) with levels ranging from 1.8% to 15.6%, in September, the province's industrial production showed signs of recovery, the index of industrial production (IIP) has increased by 2.7% over the previous month and 7.1% compared with the same month last year.

Illustrative photo.

The reason for the increase is due to the sector of electronic product manufacturing gradually increasing sales in both mobile phones and electronic components by restructuring products and models. In particular, Samsung Electronic Vietnam Co., Ltd. (Yen Phong Industrial Park) launched a new product Samsung Galaxy Note 10 with many new features and high configuration, attracting a large number of customers around the world, the number exceeded expectations, so the index of this sector increased by 3.5% over the previous month and by 8.1% over the same month last year.