A production chain at Hana Micron Vina Limited Company in Bac Giang province (Photo: VNA) Bac Giang (VNA) - The index of industrial production (IIP) in May increased by 2.2 percent against the previous month, according to the General Statistics Office (GSO).
Compared to last year, the index inched up 0.1 percent.
The increases were seen in power production and distribution as well as waste/waste water management and treatment, with growth expanding 5 percent and 6.8 percpent, and processing-manufacturing and mining shrinking by 0.5 percent and 2.9 percent, respectively.
The northern province of Bac Giang took the lead in five-month industrial production index with a growth of 15.4 percent, followed by Phu Tho (15.2 percent), Hau Giang (13.9 percent), and Thai Binh (13.2 percent).
Bac Giang’s four-month IIP rose only 13.3 percent compared to the same period last year, ranking after the northern port city of Hai Phong.
However, the IIP for the first five months of 2023 fell 2 percent over the same period in 2022 as the global economy continued to face numerous difficulties and the number of orders for exports declined.
Specifically, the sub-indexes of the processing-manufacturing dropped 2.5 percent, and mining fell 3.5 percent./.
