Illustration photo In the January-April period, main driver of the surge, the processing and manufacturing sector, went up 14%. Meanwhile, electricity production and distribution sector grew 9.7%, contributing 0.9%, and water supply and waste management grew 5.5%, only the mining sector suffered a slight decrease of 1.2%. In the period, high production growth was reported in the fields of electronics, computers and optical products (26.6%); metal (16.3%); products made from precast metal (except machinery and equipment) (15.2%); and furniture production (14.9%). Surges were also recorded in major industrial products such as iron and steel (38.2%), followed by synthetic cloth (up 26.2 percent), powdered milk (20.7%), feed for aquaculture (19%), television (17.5%), and processed aquatic products (11.8%). The northern Bac Ninh province posted the highest industrial production growth of 33.4%, followed … [Read more...] about Industrial production index increases by 11.4% in four months
Industrial production
Industrial production index increases by 9.4 percent in April
The index of industrial production (IIP) in April saw an increase of 9.4 percent over the same period in 2017. Reports on the socio-economic situation released by the General Statistics Office of Vietnam in April also showed that the IIP witnessed an 11.4 percent annual increase in the first four months of the year. The main driver of the surge, the processing and manufacturing sector, increased 14 percent, contributing 10.6 percentage points to the overall growth. In addition, the electricity production and distribution sector grew 9.7 percent, contributing 0.9 percentage point, and water supply and waste management grew 5.5 percent, contributing 0.1 percentage point. Meanwhile, the mining sector decreased by 1.2 percent, contributing 0.2 percentage points. In April, raw steel and iron witnessed the largest output expansion of 38.2 percent, followed by synthetic cloth (up 26.2 percent), powder milk (20.7 percent) and television sets (17.5 percent). Theo NDO … [Read more...] about Industrial production index increases by 9.4 percent in April
Industrial production index up 11.4 percent in four months
Illustrative image (Source: VNA) Hanoi (VNA) - Vietnam’s industrial production index (IPI) was estimated to rise 9.4 percent year-on-year in April, pushing the four-month index growth by 11.4 percent, higher than a 6.6 percent increase in the same period last year. According to the General Statistics Office, in the January-April period, the manufacturing and processing sector, which accounts for 90 percent of the industrial value, saw the strongest growth, standing at 14 percent. Meanwhile, electricity production and distribution increased 9.7 percent, and water supply and wastewater treatment went up 5.5 percent. Only the mining sector suffered a slight decrease of 1.2 percent. In the period, high production growth was reported in the fields of electronics, computers and optical products (26.6 percent); metal (16.3 percent); products made from precast metal (except machinery and equipment) (15.2 percent); and furniture production (14.9 percent). Surges were … [Read more...] about Industrial production index up 11.4 percent in four months
HCM City’s index of industrial production rises 6.05 percent
The index of industrial production (IIP) in Ho Chi Minh City picked up 6.05 percent year-on-year in the first quarter of this year. (Photo: VNA) HCM City (VNA) – The index of industrial production (IIP) in Ho Chi Minh City picked up 6.05 percent year-on-year in the first quarter of this year. The figure in March rose 42.1 percent against the previous month and 7.07 percent against the same time last year. Director of the municipal Department of Industry and Trade Pham Thanh Kien attributed the IIP growth to the city’s programmes and policies to support the development of local industry and support industry. Output of the four key industrial sectors: manufacturing, electronics, chemicals-rubber-plastic and food processing experienced a year-on-year growth of 6.79 percent thanks to market expansion, renovation of equipment as well as improvement in the products’ quality and competitive capacity. Particularly, significant hike was seen in the electronics - … [Read more...] about HCM City’s index of industrial production rises 6.05 percent
National industrial production index hits 11.6 percent
Vietnam’s index of industrial production (IIP) in the first quarter of this year gained the highest year-on-year growth rate of 11.6 percent in the past three years. (Photo: VNA) Hanoi (VNA) - Vietnam’s index of industrial production (IIP) in the first quarter of this year gained the highest year-on-year growth rate of 11.6 percent in the past three years. This was reported by the General Statistics Office (GSO). The index saw a year-on-year growth rate of 9.3 percent in the first quarter of 2015, 8.2 percent in the first quarter of 2016 and 5.1 percent in the first quarter of 2017. At a press conference on March 29 reporting the country’s socio-economic performance in the first quarter, GSO director Nguyen Bich Lam said the high growth of the industry contributed to maintaining the domestic economic development since the previous year. The manufacturing and processing sector, accounting for 90 percent of the industrial value, saw the strongest IIP growth at 13.6 … [Read more...] about National industrial production index hits 11.6 percent