Industrial production in October prospered when the social distancing measures eased, production and business activities gradually recovered to a new normal status. The index of industrial production in October 2021 was estimated to increase by 6.9% over the previous month and decrease by 1.6% over the same period last year. In 10 months of 2021, the index of industrial production increased by 3.3% over the same period in 2020.

The index of industrial production (IIP) in October 2021 was estimated to increase by 6.9% over the previous month and down 1.6% from the same period last year, of which the mining industry went down by 7.2%; manufacturing decreased by 1.6%; electricity production and distribution went up by 2.4%; water supply, waste and wastewater management, and treatment up by 1.5%.

Overall, in the ten months of 2021, the estimated IIP increased by 3.3% over the same period last year (higher than the growth rate of 2.6% in the same period in 2020). Of which, the manufacturing rose by 4.5% (the same period last year up 4.1%), contributing 3.99 percentage points to the general growth; electricity production and distribution went up by 4.1%, contributing 0.36 percentage points; water supply, waste and wastewater management, and treatment peaked up by 3.4%, contributing 0.05 percentage points; the mining industry alone shrank by 7%, down 1.1 percentage points in the general growth rate.

The index of production in 10 months 2021 belonging to 2-digit industrial activities significantly increased compared to the same period last year: Manufacture of basic metal increased by 25.1%; manufacture of motor vehicle, trailers, and semi-trailers increased by 12.5%; Manufacture of coke and refined petroleum products by 10.5%; manufacture of textile up 7.8%; Manufacture of computer, electronic and optical products by 6.4%; Manufacture of wearing apparel and Waste collection, treatment and disposal activities; materials recovery both increased by 5.1%; Manufacture of leather and related products increased by 4.3%. In the opposite direction, the IIP index of the number of industries decreased: Manufacture of pharmaceuticals, medicinal chemical and botanical products (-19.2%); Extraction of crude petroleum and natural gas (-13.3%); Repair and installation of machinery and equipment (-8.7%); Manufacture of beverages (-5.8%); Manufacture of other transport equipment (-5.4%).

By province, the index of industrial production in 10 months of 2021 of 45 provinces and cities under central management increased over the same period last year, of which 11 localities significantly increased.

In the opposite direction, some localities had a sharp decrease in the IIP index in the 10 months of 2021 compared to the same period last year due to the impact of the Covid-19 pandemic.

Some major industrial products in 10 months of 2021 increased sharply over the same period last year: Phone accessories (38.8%); Laminated steel (37.3%); petroleum (15.5%); Liquidized gas (LPG) (14.1%); automobiles (12.4%); Crude steel, iron (11.4%); powdered milk (9.6%); animal feed ( 9.5%); Leather footwear (8.5%). In the opposite direction, a number of products decreased compared to the same period last year: Television (-40.4%); Natural gas (in the form of air) (-18.6%); beer (-10%); Refined sugar (-9%); Extracted crude oil (-6.9%); motorbikes (-6.6%); aquatic feed (-4.2%).

The number of employees working in industrial enterprises as of 01/10/2021 up 7.7% over the same period last month and down 7.9% over the same period last year, of which the number of working employees in the state-owned enterprise sector went up by 1.2% and decreased by 3.4%; non-state enterprises rose by 7.2% and declined by 9.7%; enterprises of foreign direct investment peaked by 9% and decreased by 7.8%. By industry, the number of employees working in mining and quarrying up 0.6% over the same period last month and fall by 2.4% against the same period last year; manufacturing up 8.3% and down 8.5%; the production and distribution of electricity surged by 0.5% and up 2.3%; the water supply, sewerage, waste management, and remediation activities peaked up by 1.2% and down 1.9%.