February industrial production index up 5.1%
Vietnam’s index of industrial production (IIP) in February rose by 5.1% against the previous month, according to the General Statistics Office (GSO).
Production at Logitex company in Thai Binh (Photo: VNA)The GSO attributed to the rise to a greater number of working days than January and more workers returning to factories after the Lunar New Year holiday.
Compared to a year earlier, the index rose 3.6%, with the mining sector expanding 7%, manufacturing activity 3.3%, power generation and distribution 2.8%, and waste treatment 6%.
However, the figure for the first two months of 2023 fell 6.3% over the same period last year as the global economy continued to face numerous difficulties and inflation in many countries remained high despite having moderated.
Specifically, mining dropped 3.8%, manufacturing slid 6.9% and power generation and distribution fell 5.2%.
The two-month industrial production index rose in 44 provinces and cities and decreased in the remaining 19./.
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