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Vietnam’s industrial production up 8.3% in five-month period

The index of industrial production (IIP) in the first five months of 2022 rose by 8.3% over the same period last year, on top of May’s increase of 10.4% from a year earlier.

According to the General Statistics Office (GSO), manufacturing climbed 9.2% while electricity generation and distribution went up 5.5%. The mining industry rose 4.1% while water supply and waste treatment edged up 2.5%.

Vietnam, industrial production, five-month period, industrial production, electricity generation and distribution, electricity equipment, strong growth

The manufacturing sector increased by 9.2% in the first five months of 2022.

Several key industries recorded higher growth than the same period last year, including clothes, electricity equipment, leather products, electronic products, computers, and optical devices.

Industrial production continued its recovery trend following the successful containment of Covid-19 throughout Vietnam.

The IIP rose in 61 out of 63 provinces and cities, with strong growth seen in the provinces of Bac Giang, Ha Giang, Binh Phuoc, Quang Nam, Bac Ninh, and Thanh Hoa.

The GSO also reported that the number of employees working in industrial enterprises as of May 1 rose 1.4% over the previous month and 4.4% compared the same month last year.

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Vietnam’s industrial production index (IPI) in January rose by 2.4 percent year-on-year, the General Statistics Office (GSO) reported.
 
The industrial production value hits over 1.5 billion USD
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Bac Giang ensures sufficient power supply for industrial production
(BGO) – The northern province of Bac Giang has been approved for new industrial parks and clusters as well as expanded ones. To meet the power demand for industrial production, the competent agencies has accelerated the investment to construct local power grid system. 
 

Source: NDO

Vietnam, industrial production, five-month period, industrial production, electricity generation and distribution, electricity equipment, strong growth
 
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