Industrial production index grows over 9% in five months of 2015
According to the General Statistics Office (GSO), Vietnam`s index of industrial production (IIP) in the five months of this year increased by 9.2% compared to the same period of last year.
The IIP posted a 9.1% increase in the first quarter of this year and a 9.4% rise in April.
The GSO said the relatively high growth rate was due to a high consumption rate of 12 to 14% in the past three months, compared with the same period last year. Among these, vehicles saw the highest growth of 42%, electronics 31%, metal production 24% and leather 15%.
The chemical production inventory was lower than the average level of 9.2%, cloth by 3.8%, and rubber and plastic production 1.4%. The inventory of electric equipment and tobacco decreased by 2% and 24% respectively.
However, other sectors reported low IIP such as raw steel, which rose only 1.5%, while natural gas fell 0.6% and motorbikes fell 14.2%.
The GSO said the relatively high growth rate was due to a high consumption rate of 12 to 14% in the past three months, compared with the same period last year. Among these, vehicles saw the highest growth of 42%, electronics 31%, metal production 24% and leather 15%.
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However, other sectors reported low IIP such as raw steel, which rose only 1.5%, while natural gas fell 0.6% and motorbikes fell 14.2%.
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