Industrial production index up 11.4 percent in four months

Vietnam’s industrial production index (IPI) was estimated to rise 9.4 percent year-on-year in April, pushing the four-month index growth by 11.4 percent, higher than a 6.6 percent increase in the same period last year.
Industrial production index up 11.4 percent in four months ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA)
- Vietnam’s industrial production index (IPI) was estimated to rise 9.4 percent year-on-year in April, pushing the four-monthindex growth by 11.4 percent, higher than a 6.6 percent increase in the sameperiod last year.

According to the General Statistics Office, in the January-April period, the manufacturing and processing sector, which accounts for90 percent of the industrial value, saw the strongest growth, standing at 14percent.

Meanwhile, electricity production and distribution increased 9.7 percent, and watersupply and wastewater treatment went up 5.5 percent. Only the mining sectorsuffered a slight decrease of 1.2 percent. 

In the period, high productiongrowth was reported in the fields of electronics, computers and opticalproducts (26.6 percent); metal (16.3 percent); products made from precast metal(except machinery and equipment) (15.2 percent); and furnitureproduction (14.9 percent).

Surges were also recorded in majorindustrial products such as iron and steel (38.2 percent), fabric (26.2percent), powdered milk (20.7 percent), feed for aquaculture (19 percent), television(17.5 percent), and processed aquatic products (11.8 percent).

The northern province of  Bac Ninh ledthe nation with IPI growth of 33.4 percent, followed by Hai Phong (24 percent), Vinh Phuc (13.5percent), Thai Nguyen (12.1 percent), Hai Duong (10.7 percent), Hanoi and DongNai (8.1 percent), Da Nang (8 percent), Binh Duong (7.9 percent), Can Tho (7.3percent), Quang Ninh  (6.5 percent), andHo Chi Minh City (6.1 percent).

As of April 1, the numberof workers in industrial enterprises increased 3.9 percent compared to the sameperiod last year. The number of workers in State-owned enterprises dropped 1.1percent while those in non-State and foreign-invested businesses went up 4.3percent and 4.5 percent, respectively. 

The number of workers in provinces and citieswith large-scale industry also saw increases, such as Can Tho (22.9 percent),Hai Phong (16.3 percent), Bac Ninh (13.6 percent), Thai Nguyen (7.9 percent),Binh Duong (6.8 percent), Dong Nai (5.3 percent), and Ho Chi Minh City (0.4percent).-VNA
VNA

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