Bikes are produced at Thong Nhat JSC in Hanoi. (Photo: VNA) The positive rise, much higher than the 6.44 percent seen inQ1/2021, contributed 2.42 percentage points to theeconomy's growth in Q1/2022.
The processing and manufacturing industry had a yearly IIPrise of 7.79 percent.
Meanwhile, the IIP growth of the electricity production and distributionindustry stood at 7.42 percent, and water supply and waste and wastewatertreatment and the mining industry reached 6.54 and 5 percent,respectively.
Key industries that recorded high increases in Q1 include clothing (up24.1 percent); machinery and equipment (16.2 percent); metalproduction (10.1 percent); electronics, computers and opticalproducts (9.4 percent) and other non-metallic mineral products (8 percent).
On the contrary, several industries saw a decline in industrialproduction, such as rubber and plastic products, down 15.5 percent;repair, maintenance and installation of machinery and equipment (12 percent);coke and refined petroleum products (11.7 percent) and crude oil andnatural gas (2.2 percent).
Among industrial products with strong IIP increaseswere telephone components with 19 percent, automobiles (13.4 percent),aluminium (12.6 percent), and steel (11 percent).
Some products decreased compared to the previous year, includingtelevisions (23.3 percent); gasoline and oil (12.5 percent); aquatic feed(11.7 percent); mobile phones (9.3 percent); NPK fertiliser (6.6 percent)and paint (5.7 percent).
The GSO also said the consumption index of the processing and manufacturingindustry in Q1 rose 6.6 percent compared to last year's correspondingperiod. In March, the index increased 19.1 percent month-on-month and 11.2percent year-on-year.
Theaverage inventory rate of the processing and manufacturing industry in thefirst three months was 79.9 percent, higher than the 75.1 percentrecorded last year.
As of March 1, the number of employees working in industrial enterprisesrose 2 percent month-on-month and 3 percent year-on-year.
Labourers in State-owned enterprises decreased 3.3 percent year-on-year,while those in non-State firms slumped 3 percent, andforeign-invested businesses increased 4.3 percent.
The Ministry of Industry and Trade said it was necessary to ensure anadequate supply of raw materials for energy production, business recovery, andsocio-economic development in the coming months.
The ministry recommended removing obstacles to important industrial projectsand maximum support for factories to maintain production, keep orders, andmaintain the supply chain.
The industry and trade sector would also effectively implement the Government'ssolutions to remove difficulties for businesses and help them restore financialand labour resources.
The ministry said it would speed-up large public investment projects, especiallyprojects on energy and infrastructure for industrial development, developingmarkets for several key manufacturing industries such as steel, engineering,construction materials and automobiles./.
VNA
