Industrial sector expands over 9% in 2022
Viet Nam's industrial sector grew by 9 percent in 2022, according to a report published on Monday by the Ministry of Industry and Trade (MoIT).
Industrial production has rebounded in almost all sectors, areas and localities as supply chains have been re-connected and diversified.
This year, manufacturing and processing, which reported a growth of 9.5 percent, continued to be the main driver behind the entire sector’s growth, contributing 86 percent to the country's total export value despite difficulties to secure orders in major industries such as footwear, textile, furniture and electronics.
The electricity sector contributed to ensuring proper supply in favor of socio-economic development and people’s demands.
The petroleum sector fulfilled the preset goal two months and 18 days ahead of schedule and put five additional oilfields into operation.
The coal sector overcame difficulties to achieve the preset targets.
Up to 61 out of 63 provinces and cities saw positive industrial production indexes in comparison with last year.
The industrial sector's targets for next year include keeping a growth rate at 8-9 percent, bringing manufacturing/processing industries' share to national GDP to over 25 percent./.