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Industrial production up 4.7 percent in March

Vietnam’s Index of Industrial Production (IIP) in March increased by 4.7 percent against the same month last year.
Vietnam’s Index of IndustrialProduction (IIP) in March increased by 4.7 percent against the samemonth last year.

According to the GeneralStatistics Office, in the first three months of 2014, the IIP hasrecorded a year-on-year rise of 5.2 percent, higher than the rate of 5percent in the corresponding period of 2013.

Several industries have seen high growth in the reviewed period, such astextile (20.2 percent), leather and leather products (19.4 percent) andready-made clothes (14 percent).

The northern portcity of Hai Phong and the central city of Da Nang are among thelocalities seeing the highest IIP increase rates, with 11.3 percent and10.5 percent respectively.

They are followed byQuang Nam province (8.9 percent, Dong Nai province (7.1 percent) andBinh Duong province (6.5 percent).

Meanwhile,decline in industrial production has been seen in Quang Ninh province(3.5 percent) and Ba Ria-Vung Tau province (1.7 percent).-VNA
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