Hanoi's index of industrial production in the first five months of 2018 grew by 7.8 percent year on year (Photo: VNA) Hanoi (VNA) – Some key industries of Hanoi have posted good economic growth since the beginning of 2018, contributing to a year-on-year rise of 7.8 percent in the local index of industrial production (IIP) between January and May.
In the five months, industrial production value approximated 223.75 trillion VND (nearly 9.79 billion USD), up 9.1 percent from the same period last year.
Notably, the mining industry expanded by 7.5 percent while processing and manufacturing rose 7.9 percent. The production and distribution of electricity and gas and the water supply and waste and wastewater treatment sector respectively grew by 6.9 percent and 7.1 percent, according to the municipal Statistics Office.
In May alone, Hanoi’s IIP increased by 5.6 percent from April and 11.3 percent from a year earlier.
Industrial production value this month is estimated at nearly 46.75 trillion VND (more than 2 billion USD), up 5.9 percent month on month and 12.6 percent year on year.
The Statistics Office said businesses in the capital continued to recruit new employees in May.
Compared to the same period last year, labour recruitment in May grew 9.6 percent in foreign invested companies and 3.2 percent in State-owned enterprises. Meanwhile, it fell 0.7 percent in non-State firms.-VNA
VNA
