WHAT'S NEW

Industrial production rises slightly

by VNA05 February 2017 Last updated at 20:00 PM

photo: VNA
photo: VNA

VTV.vn - The national index of industrial production (IIP) rose by 0.7% in January 2017 compared to the same period last year, according to General Statistics Office data.

The lagging growth was partly due to the week-long break during the Tet holiday, but it is still the lowest IIP January rise in the past 4 years, with January 2016 reporting a growth of 5.9%.

Regardless, several sectors experienced a hike in production, such as textile’s 16% rise, metal moulding’s 14.8% growth, and vehicle engines’ 9.9% increase.

Several other main industrial productions also achieved fair growth compared to the same period in 2016, such as television sets growing by 35.2%, steel by 22.3%, cattle feed by 12.9%, processed seafood rose by 12.5%, crude steel by 7.2%, chemical paint by 7.7% and cement by 8.8%.

Other products had had little to no growth, even experiencing some decreases due to difficult markets and low consumer demand, including leather footwear dropping by 2.8%, natural textile up by only 0.9%, motorbikes up by 1.6%. More drastically, powdered milk dropped by 11.5%, refined sugar dropped by 12.3%, crude oil decreased by 15% and natural gas sagged by 23.5%.

Inventory index for January 2017 grew by 8.3%, lower than the 9% rise in the same period in 2016, which shows consumption is returning to a steadier pace.

By the end of December 2016, IIP for the entire 2016 experienced an 8.5% growth, lower than the 11% increase for 2015.

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2023-02-09 04:27 UTC

WEATHER FORECAST