Hanoi’s index of industrial production (IIP) during January-February rose 7.5 year-on-year. (Photo: VNA) Hanoi (VNA) - Hanoi’s index of industrial production (IIP) duringJanuary-February rose 7.5 percent year-on-year, according to the municipalStatistics Office.
There were mixed fortunes across sectors, with processing and manufacturingwitnessing an increase of 7.8 percent, electricity distribution and production5.8 percent, and sewage disposal 5.7 percent, while mining fell 9.8 percent.
Most of theprocessing and manufacturing industries posted higher IIPs compared to the sametime in 2020, including electronic products, computers and optical products(37.7 percent), motor vehicles (17.5 percent), electrical equipment (16.5percent), and beverages (14.3 percent).
The IIP in February was down 23.2 percent against January and 11.4 percentyear-on-year due to the seven-day break for the traditional Lunar New Year(Tet) holiday.
The IIP in February is down 23.2 percent against January due to Tet holiday. (Photo: VNA) Since production time was reduced by one-third, processing and manufacturing -responsible for a large proportion of domestic industrial production - reporteda year-on-year decline of 12.4 percent in its IIP while electricitydistribution and production, sewage disposal, and mining fell 13.9 percent, 1.6percent, and 21.6 percent, respectively.
Relevant authorities in the capital joined hands right from the beginning ofthe year to promote supply chain links, making significant contributions to thedevelopment of the domestic market in tandem with the campaign “Vietnamesepeople prioritise Vietnamese products”./.
VNA
