Stronger pre-Tet production supports industrial growth in January hinh anh 1Producing sausage at the CP Hanoi food processing factory in Phu Nghia Industrial Park in Hanoi (Photo: VNA)

Hanoi (VNA) – The Index of Industrial Production (IIP) in January surged 20.9 percent from the same period of 2017, boosted by the Lunar New Year festival (Tet) not coinciding with the month and businesses’ production enhancement to serve soaring pre-Tet demand.

According to the General Statistics Office (GSO), processing and manufacturing grew 23.8 percent and electricity production and distribution expanded 15.4 percent. Mining posted a 10.5 percent growth while water supply and waste and wastewater treatment rose 6.8 percent year on year.

Some sub-industries with high growth rates in January include metal ore mining (52.5 percent), production of electronic products, computers and optical devices (38 percent), mining of hard coal and lignite (29.1 percent), metal production (27.1 percent), apparel production (25.8 percent), and textile (23 percent).

Among localities with a big industrial sector, Da Nang city recorded a 48-percent rise in its IIP, Bac Ninh province 47 percent, Hai Phong city 31 percent, Quang Ninh province 29 percent, Quang Nam province 26 percent, Ho Chi Minh City 15 percent, and Hanoi 14 percent.

At the beginning of this month, the number of workers in industrial businesses increased by 4.2 percent from a year earlier. While the worker number in State-owned companies declined 1.3 percent, it expanded 2.4 percent in non-State firms and 5.8 percent in foreign direct invested ones, the GSO said.-VNA