Hanoi's index of industrial production in the first five months of 2018 grew by 7.8 percent year on year (Photo: VNA)Hanoi (VNA) – Somekey industries of Hanoi have posted good economic growth since the beginning of2018, contributing to a year-on-year rise of 7.8 percent in the local index of industrialproduction (IIP) between January and May.
In the five months, industrial production valueapproximated 223.75 trillion VND (nearly 9.79 billion USD), up 9.1 percent fromthe same period last year.
Notably, the mining industry expanded by 7.5percent while processing and manufacturing rose 7.9 percent. The production anddistribution of electricity and gas and the water supply and waste andwastewater treatment sector respectively grew by 6.9 percent and 7.1 percent,according to the municipal Statistics Office.
In May alone, Hanoi’s IIP increased by 5.6percent from April and 11.3 percent from a year earlier.
Industrial production value this month isestimated at nearly 46.75 trillion VND (more than 2 billion USD), up 5.9percent month on month and 12.6 percent year on year.
The Statistics Office said businesses in thecapital continued to recruit new employees in May.
Compared to the same period last year, labourrecruitment in May grew 9.6 percent in foreign invested companies and 3.2percent in State-owned enterprises. Meanwhile, it fell 0.7 percent in non-Statefirms.-VNA
VNA
