Industrial production soars 9.7% in five months

by NDO03 June 2018 Last updated at 07:59 AM

The manufacturing sector continued to expand strongly with an increase of 11.8% (photo: baohanam)
The manufacturing sector continued to expand strongly with an increase of 11.8% (photo: baohanam)

VTV.vn - Vietnam’s index of industrial production (IIP) rose by 9.7% in the first five months of the year compared to the corresponding period last year, according to the General Statistics Office (GSO).

The production of electronic products, computers and optical products posted the highest increase, ballooning 18.7% during the five-month period. The hike was mainly attributed to a rise in the production of high-end phones in February and March by electronics giant Samsung Electronics Co.Ltd.

The manufacturing sector continued to expand strongly with an increase of 11.8%, which contributed nine percentage points to the overall IIP. It was followed by the electricity production and distribution sector, which climbed 10.6%, andthe water supply and waste treatment sector,rising 6%.

The five-month IIP of almost all centrally-run provinces and cities increased compared to the same period in 2017, particularly Hai Phong, up 23.8%; Bac Ninh, up 22.2%; Thai Nguyen, up 12.1%; and VinhPhuc, up 11.7%.

The number of labourers working at industrial companies as of May 1, 2018 saw an increase of 3.8% over the same period of last year.

In May alone, the national IIP was estimated to have grown by 7.1% compared to the same month last year. Of which, the mining sector dropped by 7.6% while the manufacturing sector rose by 9.1%, the electricity production and distribution swelled by 11.2%, and the water supply and waste treatment climbed up 8.2% compared to the same period last year.

 

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