Industrial production index sees five-year record increase

10:56 | 31/12/2015 Industry

Vietnam’s industrial production index increased 9.8% in 2015, the biggest expansion in the past five years, according to the General Statistics Office (GSO).

Industrial production index sees five-year record increase

Power production and distribution posted the highest increase at 11.4%, followed by processing and manufacturing sector with 10.6%, water supply, wastewater and garbage treatment - 7.4% and mining - 6.5%.

In terms of industries, production of electronic products, computers and optical products went up by 37%, motorised vehicle 26.7%; leather and related products 17.4%, and textile 13.9%.

As to localities, Thai Nguyen saw the biggest expansion of industrial production index with 97%, followed by Quang Nam - 35.3%, Hai Phong - 16.6%, Da Nang - 12.9%, Binh Duong – 10.9%, Dong Nai - 8.6%. Hanoi registered a 8.2% and Ho Chi Minh City – 7.9%.

The inventory index of the processing and manufacturing industry as of December 1 increased 7.4% from last month and 9.5% from one year ago, compared to an increase of 10% at the same time of last year.

While electricity equipment, metal, furniture and paper production saw reductions or lower growth in inventory index, high increases were seen in the inventory index of electronic products, computers, optical products, beverage, leather and relevant product, motorised vehicles, garment, rubber, plastic, drug and pharmaceuticals.

The number of employees working in industries as of December 1, 2015, increased 1.1% from last month and 6.4% from the previous year. Of which, the workforce in the State sector increased by 1.3%, private enterprises 4.6% and foreign-invested enterprises 8%./.

 

Source: VNA

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