Home » Industry » Capital industrial production soars

Hanoi’s index of industrial production (IIP) this month increased 7.8 percent over last month, and rose 12.1 percent compared with the corresponding period last year, the General Statistics Office (GSO) have announced.

The figureCapital industrial production soarss released by the office show that most industrial sectors saw IIP increase on the previous month. The exceptions were the weaving sector, which dropped 12.6 percent, and the pharmaceutical chemistry industry, which saw its figure fall 0.2 percent.

The mineral industrial rose 21.5 percent, processing and manufacturing increased by 7.8 percent and electricity production recorded a 1.3 percent hike.

The IIP in the first four months of the year increased 4.9 percent over the same period last year. Key sectors are performing well, with weaving up 44.5 percent chemical production up 52.1 percent and metal production up 12.1 percent.

The office said that while the IIP is not the same as high growth rate, its rise indicates industry is remaining stable and sustainable throughout the economic difficulties.

Industrial businesses have striven to save costs by improving production technology and seeking new markets to retain their growth rate.

VNA/VOV online

No comments yet... Be the first to leave a reply!