The sales index of the processing and manufacturing sector in December 2023 rose 3.1% month-on-month and 5.1% year-on-year, according to the Ministry of Industry and Trade (MoIT).
The sales index of the processing and manufacturing sector in December 2023 expands 3.1% month-on-month. (Photo: VNA)
Hanoi (VNA) – The sales index of theprocessing and manufacturing sector in December 2023 rose 3.1% month-on-monthand 5.1% year-on-year, according to the Ministry of Industry and Trade (MoIT).
However, the ministry said, the index expanded byonly 1.8% last year, lower than the 7.1% increase recorded in the previousyear.
Meanwhile, the sector’s added value in the year grew3.62%, contributing 0.93% of the entire economy’s added value, and its inventoriesreached 87.5% as compared with the 78.1% in 2022.
The figures demonstrated that the sector was facingdifficulties, the ministry said, noting that its added value grew at the lowestrate in the 2011-2023 period, thus contributing not much to the nationaleconomic growth./.
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The sales index of the processing and manufacturing sector in December 2023 expands 3.1% month-on-month. (Photo: VNA) 
