Industrial production index rises 5.9% in January

Thursday, 2016-01-28 17:43:23
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The inventory index of the manufacturing and processing industry as of January 1, 2016 increased 9.2% compared to the same period in 2015.
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NDO - The industrial production index (IIP) in January surged 5.9% compared to the same period in 2015, announced the General Statistics Office (GSO) on January 28. 

The electricity manufacturing and distribution industry recorded high growth at 13.2%, followed by water supply and wastewater and garbage treatment at 9.7%, manufacturing and processing at 8.2%, and mining at 4.2%.

Several sectors also saw higher growth compared to the same period last year including the production of motor vehicles, up 15.9%; beverages, up 15%; metals, up 14.1%; and furniture, up 13.3%.

Quang Nam province posted the highest IIP in January compared to other provinces and cities at 59%. It was followed by Thai Nguyen at 20.6%, Hai Phong at 15.7% and Hanoi at 14.4%.

The inventory index of the manufacturing and processing industry as of January 1, 2016 increased 9.2% compared to the same period in 2015 with the production of beverages witnessing the highest inventory index, up 95.7%.

Many sectors saw low or declining inventory including the production of metals (down 0.7%), production of chemicals and chemical products (down 8.6%), production of cigarettes (down 59.1%), and production of vehicles (down 62%).

The number of workers at industrial companies as of January 1, 2016 went up by 5.8% compared to the same period last year with the highest rise in Thai Nguyen (up 36%), Vinh Phuc (15.7%) and Quang Nam (12.8%).