Workers manufacture mobile phone accessories at Rftech Thai Nguyen Company Limited. — VNA/VNS Photo Hoang Nguyen 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… [Read full story]
The Industrial Production Index (IPI) in January dropped by 3.2 percent from December 2012 in several industries despite the upcoming Lunar New Year, according to the General Statistics Office. Manufacturing index declines in December Vietnam ranks 53rd in global prosperity index In particular, mining fell 4.7 percent and the manufacturing and processing industry by 3 percent. The electricity industry, and water supply and waste disposal sector saw less significant declines, with 1 percent and 0.4 percent respectively. In January, the inventory index climbed 21.5 percent compared to the same period last year. The number of workers at industrial enterprises increased…... [read more]
Industrial production in the first two months of 2009 has seen the slowest growth rate in years due to the impact of the global financial crisis, reports the General Statistics Office (GSO). According to the agency, industrial production in January-February increased by only 2.5 per cent, to VND67 trillion (US$6.4 million). Because of the negative impacts of the economic slowdown, consumer demand for industrial products in both the domestic and foreign markets dropped sharply, says GSO experts, causing domestic industrial producers to face major difficulties seeking customers. In the domestic market, the total retail value of commodities and services in…... [read more]
According to the Ministry of Industry and Trade (MoIT), compared to December last year, mining industry production decreased by 7.1 percent, processing industry by 15.9 percent and gas, electricity and water production and distribution by 9.8 percent. In comparison with the same period last year, overall industrial production fell slightly by 2.4 percent, with the mining industry rising by 0.5 percent, processing industry reducing by 4.2 percent, and gas, electricity and water production and distribution increasing by 1.2 percent. However, looking at the period of work around the Tet holidays, industrial production compared to the previous Tet in February last…... [read more]
The national industrial production index (IPI) expanded by 7.9 percent in January-September, the General Statistics Office (GSO) reported. National industrial production index (IPI) expanded by 7.9 percent in January-September The figure was higher than the IPI growth of 7.1 percent recorded in the same period last year and 7.2 percent in the first eight months of this year. In September alone, the growth was estimated at 13.2 percent as compared with the corresponding time last year. Between January and September, the processing and manufacturing sector posted a surge of 12.8 percent, the highest rise in many years; power production and…... [read more]
The Hanoitimes - Hanoi gained remarkable achievements of industrial production in 2017. Especially, in the last months of the year, the consumption and production index of industrial products witnessed a significant surge of 7.1%. According to Hanoi Statistics Office, the industrial production index in December, 2017 rose by 4.8 percent in comparision with last month and 8.6 percent year on year, in which, manufacturing and processing industry increased by 5.2 percent and 9.6 percent; production and distribution of electricity, gas by 0.5 percent and 9 percent; water supply, sewage treatment and waste collection by 6.3 percent and 7.2 percent. …... [read more]
