HANOI, Jan. 7 (Xinhua) -- Vietnam's national index of industrial production in 2024 expanded 8.4 percent year on year, the highest growth since 2020, local media Vneconomy reported Tuesday, citing the country's General Statistics Office.
The processing and manufacturing sector went up by 9.6 percent while the electricity production and distribution sector expanded by 9.5 percent. The water supply and waste management sector increased by 10.7 percent.
The mineral exploitation sector reported a year-on-year decline of 6.5 percent.
Key industrial products reported significant growth in 2024 including automobiles, up 27 percent, steel production, up 18.7 percent, and televisions, up 18.6 percent.
The index of industrial production in 2024 increased in 60 localities nationwide and dropped in three others, according to the office. ■