Industrial production index up 11.4% in four months

Vietnam’s industrial production index (IPI) was estimated to rise 9.4% year-on-year in April, pushing the four-month index growth by 11.4%, higher than a 6.6% increase in the same period last year.

According to the General Statistics Office, in the January-April period, the manufacturing and processing sector, which accounts for 90% of the industrial value, saw the strongest growth, standing at 14%.

Meanwhile, electricity production and distribution increased 9.7%, and water supply and wastewater treatment went up 5.5%. Only the mining sector suffered a slight decrease of 1.2%. 

In the period, high production growth was reported in the fields of electronics, computers and optical products (26.6%); metal (16.3%); products made from precast metal (except machinery and equipment) (15.2%); and furniture production (14.9%).

Surges were also recorded in major industrial products such as iron and steel (38.2%), fabric (26.2%), powdered milk (20.7%), feed for aquaculture (19%), television (17.5%), and processed aquatic products (11.8%). 

The northern province of  Bac Ninh led the nation with IPI growth of 33.4%, followed by Hai Phong (24%), Vinh Phuc (13.5%), Thai Nguyen (12.1%), Hai Duong (10.7%), Hanoi and Dong Nai (8.1%), Da Nang (8%), Binh Duong (7.9%), Can Tho (7.3%), Quang Ninh  (6.5%), and Ho Chi Minh City (6.1%). 

As of April 1, the number of workers in industrial enterprises increased 3.9% compared to the same period last year. The number of workers in State-owned enterprises dropped 1.1% while those in non-State and foreign-invested businesses went up 4.3% and 4.5%, respectively. 

The number of workers in provinces and cities with large-scale industry also saw increases, such as Can Tho (22.9%), Hai Phong (16.3%), Bac Ninh (13.6%), Thai Nguyen (7.9%), Binh Duong (6.8%), Dong Nai (5.3%), and Ho Chi Minh City (0.4%).

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