January industrial production up 21%

Feb 2nd at 08:44
02-02-2018 08:44:57+07:00

January industrial production up 21%

The nation’s index of industrial production (IIP) in January rose significantly by 21 per cent against the same month last year, according to the General Statistics Office (GSO).

 

GSO attributed the impressive IIP growth to the fact that domestic firms have concentrated on producing goods to meet increasing demands of local people for the Lunar New Year (Tet) holidays, which will be in this month, unlike last year when it was in January.

In the first month, the manufacturing and processing sector saw the strongest IIP growth at 24 per cent, followed by electricity production and distribution at 15.4 per cent, and the mining industry at 10.5 per cent.

Among the industrial products that posted high IIP increases in the month included television sets (63 per cent), powdered milk (51 per cent), cement (30 per cent) and raw steel and iron (28 per cent), as well as coal (27 per cent), paint (25 per cent) and natural gas (22 per cent).

Several other goods that recorded modest industrial production increases were seasoning powder (4.3 per cent), footwear (4 per cent) and animal feed (equal to growth of same month last year). IIP reductions, however, were recorded in some other areas, such as urea fertiliser (9 per cent) and crude oil (11 per cent).

The central city of Da Nang took the lead among localities enjoying high IIP in January with 49 per cent. Two northern localities of Bac Ninh and Hai Phong ranked second and third with 47 per cent and 31 per cent, respectively, while the southern province of Binh Duong came fourth with 24 per cent. Meanwhile, HCM City and Ha Noi witnessed IIP increases of 15 per cent and 14.7 per cent, respectively.

The number of labourers working in industrial enterprises as of January 1 was 4.2 per cent higher than a year ago, according to GSO.

bizhub



NEWS SAME CATEGORY

Cong Ly kicks off two more wind power projects

After the success of the first and the second phases of Bac Lieu wind power plant, Super Wind Energy Cong Ly Bac Lieu JSC continued to kick-off two more wind power...

Gazprom to construct gas-to-power project in Quang Tri

Russia’s Gazprom International hopes that in 2018, the central province of Quang Tri will continue to create favourable conditions for a gas-to-power project.

Electronics industry growing

The number of workers in the electronics industry is on the rise, and e-businesses will be a critical source of employment in the future. However, up to 80 per cent...

PM urges high-tech shrimp farms in Bac Lieu

The southern province of Bac Lieu should focus on super intensive, high-tech shrimp farming to become the nation’s shrimp hub, Prime Minister Nguyen Xuan Phuc told...

Shipping will make Viet Nam a ’tiger’

As Viet Nam’s maritime industry grows, it will have a profound impact on the economy, tourism and trading and ultimately boost economic growth.

Viet Nam plans to export fruits to Qatar

Viet Nam can fully meet Qatar’s demand for tropical fruits, said Minister of Agriculture and Rural Development (MARD) Nguyen Xuan Cuong.

Japanese firms mull over expansion plans in VN

Viet Nam maintained its position as an important investment destination for Japanese companies, with some 70 per cent of operational Japanese-invested firms making...

Vinachem to accelerate apatite projects

The Viet Nam Chemical National Group (Vinachem) will focus on investment of apatite exploitation projects this year, said the group’s deputy general director Bui...

Unilever - Sustainable development creates momentum for growth

When the concept of corporate social responsibility became yesterday’s story and is replaced by the trend of sustainable development, Unilever has become the model...

Blockchain tech may open new era

HÀ NỘI — Blockchain, a new technology to help explore the various forms of crypto-currencies, could open up new attractive environment for all businesses and...


MOST READ


Back To Top