Industrial production up 4.7% in March
Vietnam’s Index of Industrial Production (IIP) in March increased by 4.7% against the same month last year.
According to the General Statistics Office, in the first three months of 2014, the IIP has recorded a year-on-year rise of 5.2%, higher than the rate of 5% in the corresponding period of 2013.
Several industries have seen high growth in the reviewed period, such as textile (20.2%), leather and leather products (19.4%) and ready-made clothes (14%).
The northern port city of Haiphong and the central city of Danang are among the localities seeing the highest IIP increase rates, with 11.3% and 10.5% respectively.
They are followed by Quang Nam province (8.9%), Dong Nai province (7.1%) and Binh Duong province (6.5%).
Meanwhile, decline in industrial production has been seen in Quang Ninh province (3.5%) and Ba Ria-Vung Tau province (1.7%).