Vietnam’s Industrial Production Index Edges Up by 4.3pct in 4M/ 2012

28-Apr-2012 Intellasia | StoxPlus | 7:05 AM Print This Post

Vietnam’s industrial production index (IIP) rose by 4.3 percent on year in the Jan- April 2012, the statistics office said it is latest released on April 25, adding that this is the lowest increase level over the past five years.

In April alone, the country’s industrial production index edged up 1.5 percent from March and 7.5 percent from a year earlier, the data showed.

Manufacturing and processing industry, which accounts for 75 percent of the industrial sector’s added value, only 3.8 percent its industrial production index in Jan-April due to prolonged economic difficulties and a tightened credit policy.

Electricity, gas, water production and distribution industry increased by 14 percent. Mining industry posted a low increase with 2.6 percent.

Of note, shipbuilding and ship repair industry posted a highest rise level with 173 percent in the period; followed by vegetable processing and preserving sector which rose 46.1 percent, production of butter, milk up 19.1 percent.

Industries which posted sharp IIPfall in the period include engine vehicle production (down 17.9 percent), cable and wire production (down 15.5 percent), manufacturing of iron and steel (down 8.9 percent), cement production (down 6.5 percent) and footwear manufacturing (down 6.5 percent).

Vinh Phuc topped the list of the domestic cities which posted high IIP rise with 12.3 percent increase, followed by Dong Nai with 6.7 percent, Hai Duong stayed third with 5.9 percent, Binh Duong (5.7 percent), Ba Ria-Vung Tau (5.7 percent), Hanoi (4.1 percent), Ho Chi Minh (3.7 percent), Can Tho (3.6 percent) and Da Nang (2.4 percent).

 


Category: Economy

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