The Hanoitimes - In the first four months of 2019, 59/63 provinces and cities in Vietnam had an increase in IIP over the same period last year. IIP surges 6.7% in nine months IIP rises 5.6% over 11 months Vietnam recorded a year-on-year rise of 9.2% in the index of industrial production (IIP) between January and April of 2019, lower than a 10.7% expansion in the same period of 2018 but higher than increases of 7.4% and 6.6% in the previous two years, according to the General Statistics Office (GSO). Illustrative photo. Source: internet According to the government-run officie, in the four-month period, the processing and manufacturing industry picked up 10.9%, contributing 8.3 percentage points to the overall growth of the IIP. Electricity production and distribution increased by 9.2%, contributing 0.8 percentage points. Besides, water supply and waste and wastewater treatment industry increased by 7.3%, contributing 0.1 percentage points. The mining industry … [Read more...] about Vietnam’s four-month industrial production rises 9.2%: GSO
Gso
Four-month CPI lowest in three years: GSO
The CPI grow 2.71 percent year on year between January and April of 2019 (Photo: VNA) Hanoi (VNA) – Vietnam recorded a year-on-year rise of 2.71 percent in the consumer price index (CPI) between January and April of 2019, a three-year low in the period. The General Statistics Office (GSO) announced on April 29 that the CPI in April grew 0.31 percent from the previous month, 1 percent from December 2018, and 2.93 percent from a year earlier. Month-on-month increases were recorded in nine of the 11 main groups of consumer goods and services, namely transport (4.29 percent); housing fees and construction materials (0.6 percent); household equipment and utensils (0.11 percent); culture, entertainment and tourism (0.1 percent); beverage and cigarette (0.08 percent); garment, headwear and footwear (0.06 percent); education (0.05 percent); medicine and healthcare services (0.01 percent); and other goods and services (0.15 percent). On contrast, prices of food and food services … [Read more...] about Four-month CPI lowest in three years: GSO
Manufacturing, processing contribute to economic growth: GSO
The sector posted an increase of 12.98%, much higher than the annual rates from 2012 to 2016. The agro-forestry-fisheries sector grew by 3.76%, industry-construction 8.85% and services 7.03%. GSO Director General Nguyen Bich Lam said the result showed the economy has escaped its reliance on the exploitation of mineral and natural resources, given that 2018 marked the third consecutive year that mining contracted, down 3.11%. To maintain the momentum for manufacturing and processing, Lam suggested attracting foreign direct investment, especially from investors boasting modern technology, governance and high competitiveness while strengthening ties between foreign-invested and domestic firms, particularly those in manufacturing and processing. The GSO reported that industrial production increased by 10% annually in 2018. Several industries boasted higher manufacturing output, including coal and refined petrol up 65%, metallurgy up 25%, medicine and pharmaceuticals up 20%, motorised … [Read more...] about Manufacturing, processing contribute to economic growth: GSO
This year’s CPI expands 3.54 percent from 2017: GSO
Shopping at a supermarket in Hanoi (Illustrative image. Source: VNA) Hanoi (VNA) – 2018 is considered a successful year in controlling inflation as the average consumer price index (CPI) rises by 3.54 percent from 2017 and 2.98 percent from last December, meeting the CPI growth target of under 4 percent. The information was released at a press conference of the General Statistics Office (GSO) in Hanoi on December 27. Director of the GSO’s Price Statistics Department Do Thi Ngoc pointed out several factors that lead to price hike, including the scheduled increases of medical service prices, tuition fees, and the region-based minimum wage for employees at businesses that has subsequently led to higher prices of household appliances and house repair, electricity and water equipment instalment and repair, and domestic help services. Other contributors to the CPI expansion include price rises of food, public transport services, gas, house rental, petrol and tourism services. … [Read more...] about This year’s CPI expands 3.54 percent from 2017: GSO
Population, housing census next year very large: GSO
A census worker interviews a household (Photo: VNA) Hanoi (VNA) – The 2019 national population and housing census will cover more than 95 million people and 25 million households, said Director General of the General Statistics Office (GSO) Nguyen Bich Lam. The once-in-a-decade census, scheduled from April 1 to 25, 2019, holds particular importance because it will gather a large amount of information to serve as a basis for implementing strategic tasks. Additionally, similar surveys are unlikely to be conducted from 2029 as all administrative data will be gathered online after this census, Lam said. The census will cover all Vietnamese residing in Vietnam’s territory, those legally in other countries, deaths from February 16 this year (or the first day of the first lunar month in 2018) to March 31, 2019, and households’ places of residence. Census workers will come to each household to interview residents, or households with accounts and passwords will fill in … [Read more...] about Population, housing census next year very large: GSO