Industrial production soars 9.7% in five months
17:10 | 04/06/2018

VGP – In the first five mounths of this year, Viet Nam's industrial production index has increased 9.7% in compared with the same period of last year, according to the General Statistics Office (GSO). 

Illustration photo

The production of electronic products, computers and optical products posted the highest increase, ballooning 18.7% during the five-month period.

The hike was mainly attributed to a rise in the production of high-end phones in February and March by electronics giant Samsung Electronics Co.Ltd.

Consequently, manufacturing and processing continued its high growth rate of 11.8%, contributing 9 percentage point to the overall growth, albeit at a slower growth rate (growth rate in the first two months of 15.5%; in three months of 14.1% and in four months of 12.5%); electricity production and distribution up 10.6%, contributing 0.9 percentage point; water provision and waste treatment up 6%, accounting 0.1 percentage point; mining down 2.2% or 0.3 percentage point of the overall growth. 

The five-month IIP of almost all centrally-run provinces and cities increased compared to the same period in 2017, particularly Hai Phong; Bac Ninh; Thai Nguyen, and Vinh Phuc.

The number of workforce working in industrial enterprises as at May 1 has increased 3.8% year on year. 

In May, the industrial production index is estimated at 7.1% growth rate year on year, while mining was down 7.6%; manufacturing and processing up 9.1%; electricity production and distribution up 11.2%; and the water supply and waste treatment up 8.2% compared to the same period last year.

                                                                                                                         By Vien Nhu

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