Industrial production index increases by 11.4% in four months
16:47 | 02/05/2018

VGP – Viet Nam’s industrial production index (IPI) was estimated to rise 9.4% year-on-year in April, pushing the four-month index growth by 11.4% on-year in the first four months of this year, according to the country's General Statistics Office.

Illustration photo

In the January-April period, main driver of the surge, the processing and manufacturing sector, went up 14%.

Meanwhile, electricity production and distribution sector grew 9.7%, contributing 0.9%, and water supply and waste management grew 5.5%, only the mining sector suffered a slight decrease of 1.2%.

In the period, high production growth was reported in the fields of electronics, computers and optical products (26.6%); metal (16.3%); products made from precast metal (except machinery and equipment) (15.2%); and furniture production (14.9%).

Surges were also recorded in major industrial products such as iron and steel (38.2%), followed by synthetic cloth (up 26.2 percent), powdered milk (20.7%), feed for aquaculture (19%), television (17.5%), and processed aquatic products (11.8%). 

The northern Bac Ninh province posted the highest industrial production growth of 33.4%, followed by Hai Phong (24%), Vinh Phuc (13.5%), Thai Nguyen(12.1%), Hai Duong (10.7%), Ha Noi and Dong Nai(8.1%), Da Nang (8%), Binh Duong (7.9%), Can Tho (7.3%), Quang Ninh  (6.5%), and Ho Chi Minh City (6.1%). 

As of April 1, the number of workers in industrial enterprises increased 3.9% compared to the same period last year. The number of workers in State-owned enterprises dropped 1.1% while those in non-State and foreign-invested businesses went up 4.3% and 4.5%, respectively. 

The number of workers in provinces and cities with large-scale industry also saw increases, such as Can Tho (22.9%), Hai Phong (16.3%), Bac Ninh (13.6%), Thai Nguyen (7.9%), Binh Duong (6.8%), Dong Nai (5.3%), and Ho Chi Minh City (0.4%). 

                                                                                                                By Vien Nhu

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