Hai Phong’s industrial production index (IPI) rose 11.2% in the first eight months of 2018, because of soaring crude oil production, according to the country’s General Statistics Office (GSO). The opening of the Ngh Son refinery and re-opening of the Binh Son refinery helped boost oil production by more than 500% compared with the same time last year. Other sectors reporting growth included coal, electronics, pharmaceuticals, liquefied petroleum gas, synthetic fibres and seafood feed. Among the few sectors reporting falls were mobile phones and urea fertilisers. The GSO said the IPI would slow down in the rest of 2018.
Vietnam’s industrial production index (IPI) rose 11.2% in the first eight months of 2018, because of soaring crude oil production, according to the country’s General Statistics Office (GSO). The opening of the Ngh Son refinery and re-opening of the Binh Son refinery helped boost oil production by more than 500% compared with the same time last year. Other sectors reporting growth included coal, electronics, pharmaceuticals, liquefied petroleum gas, synthetic fibres and seafood feed. Among the few sectors reporting falls were mobile phones and urea fertilisers. The GSO said the IPI would slow down in the rest of 2018.