Nhan Dan/VNA - The index of industrial production (IIP) saw a growth of 5.4% in the first two months of the year when compared with the same period in 2013.
The General Statistics Office (GSO) reported that, at the same time, the index of inventory in the manufacturing and processing sectors accounted for 75% of the entire industrial production. That figure rose by12.7% year on year. In January alone, the index of inventory was up 9.7%.
According to GSO economists, domestic industrial production has been recovering amid the many challenges still faced by the global and local economies.
The growth of the IIP in the first two months of the year shows that businesses have invested strongly in production to keep pace with the economic recovery.
The processing and manufacturing industry in particular has seen a handsome growth of 7.8% in the first two months, compared with the 5% growth over the same period last year.
Many industries also saw high growth rates in the first two months. The garment and textile sector was up 21.1%, while leather rose by 19.2%, ready-made garments by 15.3%, electronics and computers by 10.4%, television production by 38.3% and rolled steel by 22%.
However, some key industrial products saw low or reduced growth. These included crude oil, which decreased by 1.4%, while electricity equipment was down 1% and motorbike production was down 11.2 %.
In addition, some industries are holding high levels of inventory. The volume of the stockpile of drugs and medicinal herbs rose by 104.8%, while that of chemicals and chemical products rose by 43.6% and leather products industry rose by 36.8%.
Đăng ký: VietNam News