The national index of industrial production (IIP) grew significantlyby 17.5 percent in January, up from the same period last year, accordingto the General Statistics Office (GSO).
The processing andmanufacturing sector, which account for more than 70 percent of totalindustrial output, saw a year-on-year growth of 19.4 percent, whileproduction and distribution in the electricity sector jumped by 20.9percent. Production in the water supply, sewage and waste managementsector grew by 9.5 percent.
Some industrial products recordedhigh IIP increases during the month, included handsets (up 91.1percent); televisions (88.7 percent); steel (35.7 percent); animal feed(29 percent) and cement (27.1 percent).
Encouraging growth wasalso reported for other products such as fresh milk (21.9 percent);footwear (19.8 percent) and fertilisers (18.5 percent).
Severalproducts, however, reported industrial production drops, such aspowdered milk, down 18 percent, liquid petroleum gas (10.9 percent) andsugar (4.7 percent).
As of January, the inventory levels in theprocessing and manufacturing were up 9.6 percent, a little lower thanthe figure we saw at the same time last year, GSO noted.
Majorindustries reflected higher levels of inventory, included paperproduction (100 percent); means of transport (74.4 percent); beverages(59.5 percent), electronics, computer production (37.8 percent) andmetal manufacturing (32.4 percent).
Vu Quang Ha from the GSO saidtop priority should be given to accelerating consumption to furtherreduce inventory this year. Last year, the processing and manufacturingreported an average inventory index of 73.8 percent.-VNA
The processing andmanufacturing sector, which account for more than 70 percent of totalindustrial output, saw a year-on-year growth of 19.4 percent, whileproduction and distribution in the electricity sector jumped by 20.9percent. Production in the water supply, sewage and waste managementsector grew by 9.5 percent.
Some industrial products recordedhigh IIP increases during the month, included handsets (up 91.1percent); televisions (88.7 percent); steel (35.7 percent); animal feed(29 percent) and cement (27.1 percent).
Encouraging growth wasalso reported for other products such as fresh milk (21.9 percent);footwear (19.8 percent) and fertilisers (18.5 percent).
Severalproducts, however, reported industrial production drops, such aspowdered milk, down 18 percent, liquid petroleum gas (10.9 percent) andsugar (4.7 percent).
As of January, the inventory levels in theprocessing and manufacturing were up 9.6 percent, a little lower thanthe figure we saw at the same time last year, GSO noted.
Majorindustries reflected higher levels of inventory, included paperproduction (100 percent); means of transport (74.4 percent); beverages(59.5 percent), electronics, computer production (37.8 percent) andmetal manufacturing (32.4 percent).
Vu Quang Ha from the GSO saidtop priority should be given to accelerating consumption to furtherreduce inventory this year. Last year, the processing and manufacturingreported an average inventory index of 73.8 percent.-VNA