Hanoi (VNA) – The northern city of Hai Phong recorded a year-on-year rise of 15.01% in the index of industrial production (IIP) during the fir🌞st seven months of 2024, a fast pace compared to some other loca👍lities, statistics show.

In July alone, the local IIP declined 8.13% month on month but went up 13.76% year on year, according to the municipal Department of Industry and Trade. During the period, 37 sectors enjoyed IIP growth while 28 others saw decreases from the same period last year. Those with high IIP increases include the manufacturing of electronic components (up 23.06%), communication equipment (24.05%), household electrical appliances (32.37%), motorised vehicles (43.21%), ships and floating structures (25.96%), and toys and games (58.12%). Meanwhile, the IIP fell in such sectors as the production of plastics and synthetic rubber in primary forms (down 61.83%); tyre retreading and recycling (25.24%); ball bearings, cogwheels, gearboxes, control and transmission units (45.71%); and motorcycles (26.17%). Hai Phong targets this year’s IIP growth rate at 15% compared to 2023. In July, the city posted almost 19.08 trillion VND (767.5 million USD) in retail sales of goods and service revenue, up 2.66% from June and 13.83% from a year earlier. Over the seven months, the sum approximated 127.79 trillion VND, growing 13.35% year on year and equivalent to 57.4% of this year’s target, the department reported./.