Stronger pre-Tet production supports industrial growth in January
The Index of Industrial Production (IIP) in January surged 20.9 percent from the same period of 2017, boosted by the Lunar New Year festival (Tet) not coinciding with the month and businesses’ production enhancement to serve soaring pre-Tet demand.
Producing sausage at the CP Hanoi food processing factory in Phu Nghia Industrial Park in Hanoi (Photo: VNA)
Hanoi (VNA) –The Index of Industrial Production (IIP) in January surged 20.9 percent fromthe same period of 2017, boosted by the Lunar New Year festival (Tet) notcoinciding with the month and businesses’ production enhancement to servesoaring pre-Tet demand.
According to the General Statistics Office(GSO), processing and manufacturing grew 23.8 percent and electricityproduction and distribution expanded 15.4 percent. Mining posted a 10.5 percentgrowth while water supply and waste and wastewater treatment rose 6.8 percentyear on year.
Some sub-industries with high growth rates inJanuary include metal ore mining (52.5 percent), production of electronic products,computers and optical devices (38 percent), mining of hard coal and lignite(29.1 percent), metal production (27.1 percent), apparel production (25.8percent), and textile (23 percent).
Among localities with a big industrial sector,Da Nang city recorded a 48-percent rise in its IIP, Bac Ninh province 47percent, Hai Phong city 31 percent, Quang Ninh province 29 percent, Quang Namprovince 26 percent, Ho Chi Minh City 15 percent, and Hanoi 14 percent.
At the beginning of this month, the number ofworkers in industrial businesses increased by 4.2 percent from a year earlier.While the worker number in State-owned companies declined 1.3 percent, itexpanded 2.4 percent in non-State firms and 5.8 percent in foreign directinvested ones, the GSO said.-VNA
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Industrial production of Ho Chi Minh City is forecast to see stable growth in 2018, with the index of industrial production index (IIP) to expand by 8-8.5 percent year-on-year.
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Producing sausage at the CP Hanoi food processing factory in Phu Nghia Industrial Park in Hanoi (Photo: VNA) 
