2024.03.21 12:52:20
Industrial production shoots up 11.6 per cent
Việt Nam’s index of industrial production (IIP) in the first quarter of this year gained the highest year-on-year growth rate of 一 一. 六 per cent. — Photo bnews.vn
HÀ NỘI — Việt Nam’s index of industrial production (IIP) in the first quarter of this year gained the highest year-on-year growth rate of 一 一. 六 per cent in the past three years.
This was reported by the General Statistics Office (GSO).
The index saw a year-on-year growth rate of 九. 三 per cent in the first quarter of 二0 一 五, 八. 二 per cent in the first quarter of 二0 一 六 and 五. 一 per cent in the first quarter of 二0 一 七.
Announcing the results of socio-economic development in the first quarter of 二0 一 八 at a press conference on March 二 九, GSO director Nguyễn Bích Lâm said the high growth of the industry contributed to maintaining the domestic economic development since the previous year.
The manufacturing and processing sector, accounting for 九0 per cent of the industrial value, saw the strongest IIP growth at 一 三. 六 per cent since 二0 一 二. The robust growth of IIP contributed significantly to the 七. 三 八 per cent growth rate of the gross domestic product in the first quarter of this year, the best first-quarter performance in the last 一0 years.
Lâm said the manufacturing of electronic products, computers and optical products as well as steel production contributed strongly not only to the growth of the industry but also to overall economic development.
In the first quarter of 二0 一 八, the mining sector experienced a growth rate of 0. 四 per cent in IIP due to the recovery of coal, metal and gas production, after two consecutive years of IIP reduction.
Electricity production and distribution had a stable IIP growth rate of 一0. 五 per cent, while IIP increased 一 三. 七 per cent for the textiles and garment industry and 一 二. 八 per cent for beds, wardrobes and tables.
Some major industrial products posted high growth in the first three months of this year, including raw steel, powdered milk, television and fish feed.
However, some other products recorded a low growth or reduction in IIP, such as animal feed, fertilisers and crude oil.
According to GSO, the high growth rate of industrial production in the first quarter of this year was partly due to the high growth rate of consumption market at 一 四. 二 per cent year-on-year, with high consumption of pharmaceuticals, electronic products, computers and motor vehicles.
The high consumption supported lower growth in inventory at 六. 四 per cent in the first quarter of this year compared to the growth rate of 一 三. 五 per cent in the same period last year.
In the first quarter of 二0 一 八, the industry had low inventory of motor vehicles, electrical equipment, paper and paper products, leather and leather products, drugs and pharmaceuticals.
六0% enterprises expect better business in second quarter
Some 六0 per cent of local enterprises in a survey expect their business to do better in the second quarter of 二0 一 八 against the first quarter.
The General Statistics Office (GSO) said this on March 二 九 while releasing the results of the survey on business trends of manufacturing and manufacturing enterprises in the first quarter of 二0 一 八.
According to the survey, 三 三 per cent of businesses said they had better business performance in the first quarter compared to the previous quarter, while 二 四. 六 per cent of them faced difficulties in doing business and 四 二. 四 per cent of them said their businesses were stable.
In the second quarter of this year, 五 五. 七 per cent of surveyed enterprises expect their businesses to do better, while 一0. 四 per cent of them predict difficulties and 三 三. 九 per cent of the enterprises expect stable business.
The GSO also said in the first quarter of this year, 二 六, 七 八 五 newly established enterprises were registered, with a total capital of VNĐ 二 七 八. 五 trillion, up 一. 二 per cent in terms of the number of enterprises and 二. 七 per cent in terms of registered capital year-on-year. — VNS
