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Vietnam's Industrial Production Index up 6.2 pct in first 2 months

Xinhua News,HANOI
2020-03-05 12:30

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Vietnam's national index of industrial production rose 6.2 percent on-year in the first two months of this year, the country's General Statistics Office announced on Thursday.

Main driver of the surge, the processing and manufacturing sector, went up 7.4 percent, contributing 6 percentage points to the overall growth.

Electricity production and distribution sector grew 8.4 percent, contributing 0.7 percentage points, and water supply and waste management grew 4.9 percent, contributing 0.1 percentage points.

Between January and February, production of metal ores witnessed the largest output expansion on-year, at 25.4 percent, followed by printing and reproduction of recorded media (up 19.4 percent), coke and refined petroleum products (up 18.6 percent), pharmaceuticals, medicinal chemical and botanical products (up 14.8 percent), and computer, electronic and optical products (up 13.4 percent).

Industrial products with significant output reductions included crude oil (8.1 percent), beer (9.9 percent), automobiles (11.5 percent), refined sugar (11.8 percent) and television set (down 16.1 percent).

As of February 1, the total number of employees in the industrial sector rose 1 percent on-year. Employment in the processing and manufacturing businesses and electricity production and distribution ones went up 2.4 percent and 0.1 percent, respectively, said the office.
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