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Industrial sector sees 5.4% jump in production

Update: April, 25/2014 - 09:25

The national industrial production during Jan-April 2014 saw a 5.4 per cent year-on-year increase. — Photo cafef.vn

HA NOI (VNS) — The national industrial production during Jan-April 2014 saw a 5.4 per cent year-on-year increase, a positive sign of production recovery at enterprises, noted the General Statistics Office (GSO).

The office claimed that the index of industrial production (IIP) in April surged 6 per cent against the corresponding period last year, according to the Thoi bao Kinh te Viet Nam (Vietnam Economic Times).

Of the total reported rise, the growth rate of industrial production was 0.4 per cent for the mining industry, 7.5 per cent for the processing and manufacturing industry, 10.6 per cent for electric production and distribution, and 3.3 per cent for water supply and wastewater treatment.

During the period, the industrial production rose 7.4 per cent for the processing and manufacturing industry, 9.6 per cent for electric production and distribution, and 5.4 per cent for water supply and wastewater treatment.

Also, in the initial four months, many products registered a growth rate in production, such as television up 32.9 per cent, footwear up 31.1 per cent, rolled steel up 22.4 per cent, auto up 16.7 per cent, and processed seafood products up 13.7 per cent.

However, some other products registered a decline in production, such as raw steel down 11 per cent, motorbike down 7.4 per cent, coal down 5.8 per cent, and textile down 3.1 per cent.

The office also reported that the consumption index of the local industry for the first quarter rose 5.5 per cent in comparison to the same period last year.

The production sectors having high consumption were electric equipment production with a growth rate at 21.8 per cent, leather and related products (up 19.8 per cent), products made from prefabricated metal (up 13 per cent), and vehicles (up 1.28 per cent).

The inventory index of the processing and manufacturing industry at April 1 posted a month-on-month increase of 13.9 per cent and a year-on-year surge of 13.1 per cent.

Other sectors reporting higher inventory than the same period last year were electronics, computers, tobacco products, medicines, pharmaceutical products and materials, leather, and paper. — VNS

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