Vietnam’s index of industrial production (IIP) surged 9.7 percent year on year, while retail sales-service revenues rose 12.8 percent year on year in September, according to the General Statistics Office (GSO) of Vietnam.

Vietnam’s IIP in September increased 4.6 percent from the previous month, raising the country’s IIP in January-September to 4.8 percent year on year, said GSO.

In the third quarter of 2012, the country’s IIP rose 2.5 percent from Q2 and 5.5 percent over the same period last year. Earlier, the IIP in Q1 and Q2 increased 5 percent and 3.9 percent year on year, respectively.

In the first nine months of this year, the IIP of production and distribution of electricity and fuel saw the sharpest year-on-year rise with 12.8 percent, making up 0.9 percentage points of the total IIP growth.

It was followed by water supply and management and treatment, processing and manufacturing industry, and mining industry with respective year-on-year increases of 8.4 percent, 4.2 percent, and 4 percent, accounting for 0.1 percentage point, 3 percentage point and 0.8 percentage point.

Some sectors posted high on year IIP in January-September, including shipbuilding and floating structures (148.4 percent), communication equipment manufacturing (57.3 percent), motorcycle manufacturing (44.5 percent) and electronic component manufacturing (22.3 percent).

Regarding provinces and cities, during the period, the IIP of Hanoi, Ho Chi Minh City, Da Nang, Binh Duong and Bac Ninh increased 4.3 percent, 4 percent, 6.1 percent, 7.9 percent and 23.5 percent year on year, respectively.

Meanwhile, Bac Kan, Vinh Phuc, Cao Bang and Phu Tho saw an IIP fall of 29.7 percent, 4.7 percent, 4.6 percent and 3.5 percent year on year, respectively.

The inventory index of processing industry sector increased 20.4 percent over the same period last year and increased 4.9 percent month on month.

Some sectors with a high inventory index included plastic products (50.6 percent), cement production (50.2 percent), iron and steel (40.6 percent), non-classified metal products (41.1 percent), tobacco (40.3 percent) and production of clothing (except clothes from fur) (39.4 percent).

Retail-servive revenues up

Vietnam’s total retail sales and services in September are estimated to have reached nearly 195.1 trillion ($9.35 billion), rising 2. 3 percent from August and 12.8 percent over the same period last year, said GSO.

Totally, in the first nine months of this year, the figure is estimated to have reached more than 1,713 trillion ($82.1 billion), a 17.3 percent year-on-year rise. Excluding inflation factor, it is a 6.7 percent year-on-year increase.

Of which, the total retail sales and services of the group of individual business accounted for the biggest proportion of 48.3 percent with an estimated figure of VND826.1 trillion, rising 18 percent year on year.

It was followed by the group of private businesses estimated to reach VND607 trillion, accounting for 35.5 percent and increasing 22.8 percent year on year.

The group of foreign-invested enterprises reached only nearly 48 trillion but posted the biggest growth of up to 34 percent year on year.

Meanwhile, the group of state-owned firms reached VND213.8 trillion, making up 12.4 percent and rising only 0.1 percent on year.

Of the total retail sales and services in January-September, trade sector reached VND1.32 trillion, accounting for 77.2 percent of the total figure and rising 16.3 percent year on year.

Restaurants and hotel sector reached VND201.8 trillion , accounting for 11.8 percent and rising 19.1 percent year on year, followed by services and tourism at VND170.4 trillion and VND18.4 trillion, making up 9.9 percent and 1.1 percent of the total, rising 20.3 percent and 30.9 percent year on year, respectively.