Illustrative image (Source: VNA)
According to the GSO, in April, the IIP of the mining sector saw a drop of 5.6 percent, while that of the processing and manufacturing industry rose 11.1 percent, the electronic production and distribution was up 9.9 percent, and water supply and waste treatment increased 6.5 percent.
In the first four months of this year, the index increased 5.1 percent year on year, far below the growth recorded in the same time of 2016 but higher than the rise of 4.2 percent in the first quarter of 2017.
In Jan-April period, the processing and manufacturing sector’s production surged 9.2 percent and the water supply and waste treatment industry up 6.3 percent, while that of mining fell 9.7 percent.
A number of sectors enjoying a surge in the IIP includedmetal production (47.5 percent), metal product manufacturing (13.3 percent), weaving (12.5 percent) and engine vehicles (10.9 percent).
Meanwhile, industries experiencing slight IIP riseswere food production and processing at 6.4 percent;medicine and pharmaceutical chemistry 4.5 percent; and electronic, computer and optical product production 4.2 percent.
The northern city of Hai Phong led the country in the IIP growth 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, 7.4 percent. Ho Chi Minh and Hanoi rose 7.1 and 5.9 percent respectively.
The GSO also revealed that the inventory index of the industry sector as of April 1st was up 12.7 percent over the same time in 2016.
Sectors with higher inventory than the country’s average included engine vehicle production at 158.9 percent, metal production 54.5 percent, beverage production 45.4 percent, non-metal product production (mostly cement) 39.7 percent, and paper and paper product production 32.8 percent./.