Hanoi’s industrial production increases

09:05 | 27/05/2016 Industry

(VEN) - Hanoi saw significant increases in industrial production value but decreases in foreign trade value in April.

Hanoi’s industrial production increases

Hanoi’s industrial index rose 8.7 percent in the first four months of the year compared to the same period last year

According to statistics, Hanoi’s industrial index in April increased by 10.7 percent compared to the previous month, rising 14.5 percent over the same month last year, signifying the capital’s industrial recovery. Engineering and processing increased by 11 percent compared to the previous month and 15.1 percent over the same month last year, while power, gas industries increased by 4.7 percent and 8.2 percent respectively. However, mining decreased by 20.3 percent over the same month   last year.

Hanoi’s industrial index rose 8.7 percent in the first four months of the year compared to the same period last year, with engineering and processing increasing by 9 percent; power, gas supply increasing by 5.5 percent and water supply and waste treatment increasing by 3.3 percent. Meanwhile, mining dropped by 8.8 percent.

The total value of sales of consumer goods and services in April reached VND171.45 trillion, a 1.3 percent increase compared to the previous month and 9.7 percent over the same month last year. Total accumulated value for the first four months of 2016 reached VND681.66 trillion, a 9.7 percent increase over the same period last year.

Hanoi exported US$852 million worth of products in April,  a four percent decrease over the same month last year, and nearly US$3.4 billion in the first four months of 2016, a 0.2 percent increase over the same period, with textiles increasing by 22.7 percent, vehicles increasing by 20.8 percent, agricultural products decreasing 19.5 percent and computer components and peripherals falling by 19.7 percent.

The capital also saw decreases in imports in the first four months of 2016, with chemicals dropping by 24.7 percent over the same period last year, plastics by 15.9 percent and fertilizers by 5.6 percent.  Import value reached US$7.33 billion, down 5.1 percent. In April alone, Hanoi imported US$1.76 billion, up 2.3 percent compared to the previous month but down by 12.8 percent over the same month last year.

Speaking at a recent meeting with related agencies and departments on the socioeconomic development plan in the coming months, Hanoi People’s Committee Chairman Nguyen Duc Chung said that with joint efforts by local agencies and departments, Hanoi will probably achieve the government-set targets. The capital will host an investment promotion conference in June to listen to businesses and resolve related problems.  

 

Hong Duong

Theo ven.vn