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According to data from the Vietnamese 14CrMo9-10 steel Bureau of Statistics, the Industrial Production Index (IIP) of Vietnam increased by 2.3% month on month in November, an increase of 8.9% compared to the same period last year. Looking at the first 11 months, the overall industrial production index for November 2024 increased by 8.4% compared to the same period last year. Among them, except for the mining industry which decreased by 9.8%, the processing and manufacturing 14CrMo9-10 steel industry increased by 11.2% compared to the same period last year; Electricity production and distribution increased by 5.5%; Water supply, waste and wastewater management and treatment activities increased by 6.7%. The current Industrial Production Index (IIP) in Vietnam continues to maintain a growth trend, especially in the processing and manufacturing industry. From the perspective of its contribution to the Vietnamese economy, the processing and manufacturing industry grew by 9.7%, contributing 8.5 percentage points to overall growth; Electricity production and distribution increased by 10.2%, contributing 0.9 percentage points; Water supply, waste and wastewater management and treatment activities increased by 9.6%, contributing 0.2 percentage points; The mining industry decreased by 7.3%, dragging down the overall growth rate by 1.2 percentage points 14CrMo9-10 steel.