January's industrial production index falls

The Industrial Production Index (IPI) in January dropped by 3.2 percent from December 2012 in several industries despite the upcoming Lunar New Year, the General Statistics Office has announced.
The Industrial Production Index (IPI) in January dropped by 3.2 percentfrom December 2012 in several industries despite the upcoming Lunar NewYear, the General Statistics Office has announced.

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 sectorwitnessed less significant declines, with 1 percent and 0.4 percentrespectively.

In January, the inventory index climbed 21.5 percent compared to the same period 12 months ago.

The number of workers at industrial enterprises increased by 5.2percent compared to this time last year, despite numerous difficultiesconfronting industrial production, according to the General StatisticsOffice.

To ease the difficulties, the Ministry ofIndustry and Trade is taking measures to support agriculture, forestryand fishery production along with processing industry.

Besides, it is also pushing up the restructuring of State-ownedenterprises so as to improve their competitiveness and efficiency.-VNA

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