VOV.VN - The index of industrial production (IIP) during the first quarter of this year recorded an impressive growth rate of 7.8% year - on - year, recording the highest figure since 2020.
The National Statistics Office (GSO) under the Ministry of Finance reported that manufacturing and processing; electricity production and distribution; and water supply all posted high growth rates, at 9.5%, 4.6%, and 11.6%, respectively.
In contrast, mining endured a decline of 4.7%.
Several key industries also recorded impressive growth rates compared to the same period in 2024. Automotive production rose by 36.1%, leather and leather-made goods by 18.1%, furniture production by 12.9%, maintenance and installation of machinery and equipment by 12.8%, and rubber and plastic products by 12.7%.
Conversely, some others posted an IIP decline such as crude oil and natural gas exploitation at 9.6%, whilst beverage production fell by 0.7%.
The IIP over the past three months also showed notable variation across localities, with 59 provinces recording increases and four provinces seeing annual decreases.
VOV.VN - The opening two months of the year witnessed Ho Chi Minh City’s Index of Industrial Production (IIP) surge by 2.1% on-year, according to the municipal Department of Statistics.
The index of industrial production (IIP) in the first half of 2023 grew by only 0.44% compared to the same period last year due to decreasing orders, falling demand and rising input costs, according to the General Statistics Office (GSO).
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