Binh Duong: IIP grows over 7 percent in Q1

09:44 | 04/04/2016 Industry

The Index of Industrial Production (IIP) of southern Binh Duong province rose by 7.09 percent in the first quarter of 2016 from a year earlier, according to the provincial People’s Committee.

Binh Duong: IIP grows over 7 percent in Q1

The Index of Industrial Production (IIP) of Binh Duong province rises by 7.09 percent in the first quarter of 2016 from a year earlier ​(Photo: VNA)

Garment and textiles led the way with a growth rate of 17.3 percent, followed by metals (13.3 percent), computer, electronic and optical products (11.5 percent), mining industry (11.4 percent) and electrical devices (11.2 percent).

The increase was largely owing to the local authorities’ efforts to support businesses in addressing difficulties.

The national IIP in the first two months of this year posted a year-on-year increase of 6.6 percent.

Growth was reported in production of automobiles (38.8 percent) and steel (28.3 percent), while that of paint, leather footwear, motorbikes, sugar, and mobile phones reduced by between 0.1 percent and 3.5 percent.

Localities where industrial production surged included Quang Nam (65.6 percent), Thai Nguyen (29.9 percent), Hai Phong (14.7 percent), Can Tho (13.4 percent), Da Nang (9.6 percent), Hai Duong (9.2 percent), Hanoi (8.5 percent), Dong Nai (8.4 percent), Ho Chi Minh City and Binh Duong (5.7 percent)./.

 

Source: VNA

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