Industrial production index sees five-year record increase

Workers are working on at a metal factory.Vietnam's industrial production index increased 9.8 percent in 2015. (Source: VNA)

Hanoi (VNA) – Vietnam’s industrial production index increased 9.8 percent in 2015, the biggest expansion in the past five years, according to the General Statistics Office (GSO).

Power production and distribution posted the highest increase at 11.4 percent, followed by processing and manufacturing sector with 10.6 percent, water supply, wastewater and garbage treatment - 7.4 percent and mining - 6.5 percent.

In terms of industries, production of electronic products, computers and optical products went up by 37 percent, motorised vehicle 26.7 percent; leather and related products 17.4 percent, and textile 13.9 percent.

As to localities, Thai Nguyen saw the biggest expansion of industrial production index with 97 percent, followed by Quang Nam - 35.3 percent, Hai Phong - 16.6 percent, Da Nang - 12.9 percent, Binh Duong – 10.9 percent, Dong Nai - 8.6 percent. Hanoi registered a 8.2 percent and Ho Chi Minh City – 7.9 percent.

The inventory index of the processing and manufacturing industry as of December 1 increased 7.4 percent from last month and 9.5 percent from one year ago, compared to an increase of 10 percent at the same time of last year.

While electricity equipment, metal, furniture and paper production saw reductions or lower growth in inventory index, high increases were seen in the inventory index of electronic products, computers, optical products, beverage, leather and relevant product, motorised vehicles, garment, rubber, plastic, drug and pharmaceuticals.

The number of employees working in industries as of December 1, 2015, increased 1.1 percent from last month and 6.4 percent from the previous year. Of which, the workforce in the State sector increased by 1.3 percent, private enterprises 4.6 percent and foreign-invested enterprises 8 percent.-VNA