Industrial production index rises 5.7 percent in five months

Hanoi (VNA) – The index of industrial production index (IIP) in the first five months of this year posted a year-on-year increase of 5.7 percent, according to the General Statistics Office (GSO).

In May alone, the index grew 7.2 percent against the same period last year.
 
In January-May, the power production and distribution, processing and manufacturing industry, and water supply and waste and wastewater treatment, respectively soared 10.4 percent, 9.7 percent and 7 percent. Meanwhile, the mining industry dropped by 5.5 percent. Mining dropped 9.1 percent.

A number of key industrial products that recorded high growth compared to the same period last year included television sets (42.8 percent), raw steel and iron (29.6 percent), and urea (18.5 percent).

Some products seeing moderate rises were automobile (2.4 percent), fossil coal (1.1 percent), cigarette (0.9 percent), and refined sugar (0.7 percent). Meanwhile, mobile phones, LPG products, footwear, natural gas and crude oil saw declines between 0.6 percent and 13.6 percent.

Hai Phong took the lead among localities enjoying high IIP in five months with 20.5 percent. It was followed by Thai Nguyen, 17 percent, and Da Nang, 10.8 percent.


As of May 1, inventory index of the processing and manufacturing sector expanded by 11 percent compared to the same period last year, the office revealed.

The low inventory index was seen in paper and leather sectors, vehicle production, and cigarette production.

However, the index escalated 82.4 percent in metal production, motored vehicles, 69.8 percent; electronic products, computers and optical products, 50.1 percent, while electricity device and products from nonmetallic minerals, and beverage increase between 26.2 percent and 40.6 percent, reported the office.-VNA