January's industrial production index falls

The Industrial Production Index (IPI) in January dropped by 3.2 percent from December 2012 in several industries despite the upcoming Lunar New Year, the General Statistics Office has announced.
The Industrial Production Index (IPI) in January dropped by 3.2 percent from December 2012 in several industries despite the upcoming Lunar New Year, the General Statistics Office has announced.

In particular, mining fell 4.7 percent, and the manufacturing and processing industry by 3 percent.

The electricity industry , and water supply and waste disposal sector witnessed less significant declines, with 1 percent and 0.4 percent respectively.

In January, the inventory index climbed 21.5 percent compared to the same period 12 months ago.

The number of workers at industrial enterprises increased by 5.2 percent compared to this time last year, despite numerous difficulties confronting industrial production, according to the General Statistics Office.

To ease the difficulties, the Ministry of Industry and Trade is taking measures to support agriculture, forestry and fishery production along with processing industry.

Besides, it is also pushing up the restructuring of State-owned enterprises so as to improve their competitiveness and efficiency.-VNA

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