Illustrative image (Source: VNA)According to the GSO, in April, the IIP of the mining sectorsaw a drop of 5.6 percent, while that of the processing and manufacturing industryrose 11.1 percent, the electronic production and distribution was up 9.9percent, and water supply and waste treatment increased 6.5 percent.
In the first four months of this year, the index increased5.1 percent year on year, far below the growthrecorded in the same time of 2016but higher than the rise of 4.2 percent in the first quarter of 2017.
In Jan-April period, the processing and manufacturingsector’s production surged 9.2 percent and the water supply and waste treatmentindustry up 6.3 percent, while that of mining fell 9.7 percent.
A number of sectors enjoying a surge in the IIP includedmetalproduction (47.5 percent), metal product manufacturing (13.3 percent), weaving (12.5percent) and engine vehicles (10.9 percent).
Meanwhile, industries experiencing slight IIP riseswere foodproduction and processing at 6.4 percent;medicine and pharmaceutical chemistry4.5 percent; and electronic, computer and optical product production 4.2percent.
The northern city of HaiPhong led the country in the IIPgrowth with 20.4 percent, followed by Thai Nguyen with 17.7 percent; Da Nang,12.1 percent; Hai Duong, 9 percent;Binh Duong, 8 percent; and Dong Nai, 7.4percent. Ho Chi Minh and Hanoi rose 7.1 and 5.9 percent respectively.
The GSO also revealed that the inventory index of theindustry sector as of April 1 was up 12.7 percent over the same time in 2016.
Sectors with higher inventorythan the country’s average includedenginevehicle production at 158.9 percent, metal production 54.5 percent, beverage production45.4 percent, non-metal product production (mostly cement) 39.7 percent, andpaper and paper product production 32.8 percent.-VNA
VNA
