Industrial production index grows slightly in first quarter
The industrial production index rose 4.1 percent in the first quarter this year, lower than the figures of the same period of previous years, the General Statistics Office (GSO) has said.
Hanoi (VNA) – Theindustrial production index rose 4.1 percent in the first quarter this year,lower than the figures of the same period of previous years, the GeneralStatistics Office (GSO) has said.
Mining experienced a drop of 11.4percent while manufacturing and engineering was up 8.3 percent and electricityproduction and distribution hiked 9.4 percent.
Ha Quang Tuyen, Director of the GSO’sNational Account System Department attributed the modest growth to foodmanufacturing and processing, which account for 15 percent of the index,posting a 4.4 percent growth rate, a far cry from the 8.6 percent rate in 2016.The electronics sector saw its production value down by 1 percent due to SamsungVietnam’s 38 percent manufacturing contraction.
Industries that recorded high production value growth include metal (43.4percent), prefabricated metal (14.3 percent); paper, paper products and apparel(11.6 percent), and apparel (11.4 percent). Meanwhile, crude oil and fuel, andcoal mining were down 13.6 percent and 5.5 percent, respectively.
Significant expansion was seen in themanufacturing of several industrial items, including television (43.3 percent),rolled steel (32.2 percent), crude iron and steel (23.2 percent), urea (18.5percent), fresh milk (12.7 percent), and chemical paint (12.1 percent).
Cities and provinces registering industrialproduction indexes higher than the average level include Hai Phong (17.2percent), Thai Nguyen (12.5 percent), Da Nang (10.6 percent), Hai Duong (9.3percent), Ho Chi Minh City (5.9 percent) and Hanoi (6 percent).
In the meantime, Can Tho, Quang Ninh,Ba Ria – Vung Tau, Bac Ninh and Quang Ngai ran a 3.3-11.7 percent annualdecrease in the index.
Inventories in manufacturing andengineering as of March 1 went up 12.5 percent year-on-year.
The employees of industrial firmsrose 2.2 percent annually, with those working for State-owned and non-State enterprisesdown 1.7 percent and 0.1 percent, respectively, and for foreign-investedbusinesses up 4.4 percent-VNA
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Illustrative image (Source: VNA) 
