Industrial production index climbs 18.3% in January
Workers produce bicycles at a factory of the Thong Nhat Joint Stock Company in Hanoi.
The index of industrial production (IIP) in January fell 4.4% month on month but still went up 18.3% year on year, reported the General Statistics Office (GSO).
In particular, the processing - manufacturing sector expanded 19.3% from a year earlier, contributing 15.1 percentage points to the overall growth.
Electricity production and distribution surged by 21.6%, contributing 1.9 percentage points; water supply, waste and wastewater management and treatment up 5.7%, 0.1 percentage point; and the mining sector up 7.3%, 1.2 percentage points.
Notably, the January IIP posted year-on-year increases in 60 provinces and cities while declining in just three others, the GSO said, attributing the fast expansion in some localities to sharp rises in the processing - manufacturing sector and the production and distribution of electricity.
Those recording high index rises in the processing - manufacturing sector include Quang Ninh province 157.9%, Bac Giang province 57.7%, Nam Dinh province 56.9%, Vinh Long province 51.2%, Kien Giang province 47.7%, Phu Tho province 39.4%, and Ho Chi Minh City 26.9%.
Though the global economy is still facing numerous difficulties and market demand has yet to recover, the country’s IIP has continued improving thanks to producers’ efforts to seek new orders and prepare goods for the Lunar New Year (Tet) holidays, according to the GSO./.
Related News
Latest News
Remittances to HCM City expected to increase by 10% in 2024
14:18 | 17/10/2024 Headlines
Upholding great national unity bloc is key solution to bring nation into new era: Top leader
13:58 | 17/10/2024 Headlines
Spacious room to control inflation target
13:48 | 17/10/2024 Headlines
Energy saving: The key to sustainable development for Vietnamese businesses
13:52 | 15/10/2024 Headlines
More News
NA Chairman’s Laos trip to strengthen special relationship: Ambassador
13:44 | 15/10/2024 Headlines
Top Vietnamese leader emphasises fight against wastefulness
14:16 | 14/10/2024 Headlines
Vietnam’s overseas investment declines in nine months
14:10 | 14/10/2024 Headlines
Vietnam-Australia Comprehensive Strategic Partnership develops strongly: Ambassador
14:09 | 14/10/2024 Headlines
The economy can achieve the GDP growth target of about 7 percent
09:16 | 14/10/2024 Headlines
Vietnamese Prime Minister holds talks with Chinese Premier
00:00 | 13/10/2024 Headlines
China ready to step up multi-sectoral cooperation with Vietnam: Chinese media
00:00 | 13/10/2024 Headlines
Vietnam striving to reach year-end GDP target
00:00 | 13/10/2024 Headlines
Vietnam, UK foster auditing cooperation
18:50 | 12/10/2024 Headlines
Your care
Remittances to HCM City expected to increase by 10% in 2024
14:18 | 17/10/2024 Headlines
Upholding great national unity bloc is key solution to bring nation into new era: Top leader
13:58 | 17/10/2024 Headlines
Spacious room to control inflation target
13:48 | 17/10/2024 Headlines
Energy saving: The key to sustainable development for Vietnamese businesses
13:52 | 15/10/2024 Headlines
NA Chairman’s Laos trip to strengthen special relationship: Ambassador
13:44 | 15/10/2024 Headlines