In the first seven months of 2024, it is estimated that the index of industrial production (IIP) increased by 5.2% over the same period in 2023.

Within this figure, the processing and manufacturing industry increased by 4.4%; electricity production and distribution increased by 12.8%; water supply and waste and wastewater treatment increased by 8.8%; and the mining industry decreased by 3.3%.

In July 2024 alone, the IIP is estimated to have increased by 2.3% over the previous month and by 6.2% over the same period in 2023, with the processing and manufacturing industry having increased by 2.2% by 5.9%; electricity production and distribution increased by 3.6% and 9.9%; water supply and waste and wastewater treatment increased by 0.5% and 5.1%; and mining decreased by 1.3% and 3.2%.

In addition, most processing and manufacturing industries achieved a fairly high growth rate compared to the same period in 2023, such as: machinery and equipment production, up 14.9%; paper and paper products production, up 13.8%; bed, wardrobe, table and chair production, up 11%; other processing and manufacturing industries, up 9.1%; electrical equipment production, up 8.7%; and chemical and chemical products production, up 7.8%.

Meanwhile, the number of workers working in industrial enterprises as of the end of July 2024 is estimated to have increased by 0.5% compared to the previous month and decrease by 0.2% compared to the same period in 2023.

In the first 7 months of 2024, the labour utilisation index of industrial enterprises decreased by 1.4% compared to the same period last year; the number of workers working in non-state enterprises decreased by 3.7%; the foreign-invested sector decreased by 0.6%; and the state sector increased by 1.6%.

By economic sector, the number of workers working in the processing and manufacturing industry decreased by 1.8% (in which, food processing decreased by 12.8%; machinery and equipment production decreased by 10.8%; textile decreased by 9.8%; wood processing and wood product production decreased by 8.5%), while electricity and gas production and distribution decreased by 0.4%.