09:33 | 24/06/2016 Industry
(VEN) - The capital’s industrial production in May grew 6.1 percent over the previous month and 8.9 percent over the same month last year.
According to the Hanoi Statistics Office, processing and manufacturing grew by 6.2 percent and 9.5 percent from April to May, power and gas grew by 5.6 percent and 9.4 percent and clean water supply and waste treatment grew by 2.6 percent and 6.9 percent respectively. Meanwhile, mining dropped by 5.3 percent.
Generally, the capital’s industrial production in the first five months of 2016 grew by 7.7 percent over a year ago, with highlights including processed food, garments, pharmaceuticals, chemicals, rubber, plastics, metals, vehicles and furniture.
The domestic consumer market showed positive signs, with the total sales revenue of consumer goods and services in May reaching VND173.32 trillion, a 0.9 percent increase against April and a 10.3 percent increase from a year ago.
Total sales of consumer goods and services in the first five months of 2016 hit VND855.29 trillion, a 9.9 percent increase compared to the same period last year, with consumer goods accounting for VND200.15 trillion, an 8.7 percent increase.
Increased consumer goods sales helped clear stockpiles while promoting industrial production.
The processed and manufactured goods consumption index in April rose by 5.1 percent over the previous month and by 5.8 percent over the same month last year, while the stockpile index fell by 12.6 percent and 5.9 percent respectively.
The capital exported US$897 million worth of goods in May, a 2.7 percent increase over the previous month but a 1.9 percent decrease from a year ago. Specifically, electronic exports grew by 15.4 percent , vehicles and spare-parts grew by 55.7 percent, machinery and equipment parts grew by 14.9 percent, while agricultural exports dropped by 5.2 percent.
The capital’s export value in the first five months of this year grew by 0.3 percent against the same period last year, with garments and textiles growing by 10.8 percent, and vehicles and spare-parts growing by 33.9 percent. However, agricultural products, computer components and peripheral devices, oil and gas exports dropped.
Considering the current situation, the Hanoi Statistics Office predicted that the capital’s industrial production will continue to grow in the following months.