The processing and manufacturing industry increased by 6.3% in 4 months

VCN - Continue the recovery momentum from the end of 2023, industrial production in April and the first 4 months of 2024 continues to show a positive trend. Of which, the processing and manufacturing industry increased by 6.3%.
Production activities of the enterprises. Photo: N.Linh
Production activities of the enterprises. Photo: N.Linh

The report on industrial production and commercial activities in April and the first 4 months of 2024 published recently by the Ministry of Industry and Trade shows that industrial production continues to show a positive trend when the industrial production index Industry (IIP) in April 2024 is estimated to increase by 0.8% over the previous month and by 6.3% over the same period last year. Of which, the processing and manufacturing industry increased by 7.0% over the same period last year; Electricity production and distribution increased by 11.3%; Water supply, waste and wastewater management and treatment activities increased by 6.6%; The mining industry alone decreased by 6.8%.

Some localities had a high increase in IIP in April 2024 compared to the previous month such as: Son La increased by 36.4%; Vinh Phuc increased by 17.6%; Thai Binh increased by 16.8%; Ha Giang increased by 14.2%; Kien Giang increased by 12.5%; Bac Kan increased by 11.2%; Hoa Binh increased by 9.8%; Yen Bai increased by 9.6%; Soc Trang increased by 9.5%.

Overall, for the first 4 months of 2024, IIP is estimated to increase by 6.0% over the same period last year (the same period in 2023 decreased by 2.5%). Of which, the processing and manufacturing industry increases by 6.3% (same period in 2023 decreases by 2.9%), contributing 5.5 percentage points to the overall increase; The electricity production and distribution industry increases by 12.3% (same period in 2023 decreases by 0.2%), contributing 1.1 percentage points; The water supply industry, waste and wastewater management and treatment activities increase by 5.3% (same period in 2023 increases by 6.2%), contributing 0.1 percentage points; The mining industry decreased by 4.6% (same period in 2023 decreased by 3.7%), causing a decrease of 0.7 percentage points.

In the first 4 months of the year, there were 54 localities whose industrial production index increased compared to the same period last year, only 9 localities had IIP decreased compared to the same period last year.

Notably, the industrial production index in the first 4 months of 2024 of a number of key level II industries increased compared to the same period last year: production of products from rubber and plastic increased by 27.5%; Electrical equipment production increased by 24.7%; Chemical production and chemical product increased by 24.3%; Production of beds, wardrobes, tables and chairs increased by 17.3%; Metal ore exploitation increased by 16.9%; textile increased by 14.5%; printing and copying records of all types increased by 13.6%; Metal production increased by 13.0%; Production and distribution of electricity, gas, hot water, steam and air conditioning increased by 12.3%; tobacco product production increased by 9.1%; Production of paper and paper products increased by 9.0%; Production of electronic products, computers and optical products increased by 2.7%.

On the contrary, the IIP index of some industries decreased: repair, maintenance and installation of machinery and equipment decreased by 15.4%; Crude oil and natural gas exploitation decreased by 9.6%; Production of other means of transport decreased by 5.1%; Production of products from other non-metallic minerals decreased by 2.4%; Mining of hard coal and lignite decreased by 1.2%.

Some key industrial products in the first 4 months of 2024 increased compared to the same period last year: bar steel and angle steel increased by 35.7%; textiles made from natural fibers increased by 25.1%; Urea stool increased by 23.9%; rolled steel increased by 20.2%; N.P.K mixed fertilizer increased by 15.7%; Powdered milk increased by 11.8%; Electricity production increased by 11.4%.

On the contrary, some products decreased compared to the same period last year: liquefied petroleum gas decreased by 20.4%; Gaseous natural gas decreased by 14.8%; television decreased by 11.1%; Crude iron and steel decreased by 4.5%; mobile phones decreased by 2.8%; Automobiles decreased by 6.6%; motorbikes decreased by 4.5%; Beer of all kinds decreased by 5.3%; Clean coal decreased by 1.2%; Aquatic feed decreased by 0.8%.

By Ngọc Linh/Phuong Linh

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