Industrial production on recovery path
The index of industrial production (IIP) saw a 5.4% growth in the first two months of this year, according to the General Statistics Office (GSO).
GSO economists said the domestic industrial production has been recovering amid many challenges still being faced by the global and local economies.
The IIP growth showed that businesses have invested strongly in production to keep pace with the economic recovery.
The processing and manufacturing industry, especially, has seen a growth rate of 7.8% in the first two months, compared with the 5% growth in the same period last year.
Many industries also saw high growth in the reviewed period, such as garment up 21.1%, leather 19.2%, electronics and computers 10.4%, television production 38.3% and rolled steel 22%.
However, some key industrial products saw low or reduced growth, including crude oil down 1.4%, electricity equipment 1% and motorbike production 11.2%.