Today: 03/10/2022 07:48:14 (GMT+7)

Industrial production up 8.48 % in H1

The index of industrial production (IIP) in the first half of this year surged 8.48% over the same period last year, according to the General Statistics Office (GSO).

The GSO said that the IIP in the second quarter also saw a positive increase of 9.87% year-on-year as many industrial firms have resumed and gradually recovered their business activities.

Industrial production, year on year increase, positive increase,  industrial firms,  recovered their business activities

Passenger cars are being manufactured at the Ford Hai Duong factory.

During the six months, the processing and manufacturing industry posted the highest industrial output growth of 9.66%. It was followed by electricity generation and distribution (6.51%), electricity production and distribution (6.1%) and the mining industry (2.28%).

Key industries that recorded high increases in H1 include clothing, up 23%; electrical equipment (22%); pharmaceutical and medical materials (17.5%); leather (13%); and electronics, computers and optical products (11%).

On the contrary, several industries saw a decline in industrial production, such as repair, maintenance and installation of machinery and equipment, down 11%; rubber and plastic products (8.5%); coke and refined petroleum products (1.4%) and crude oil and natural gas (1.2%).

Several key industries recorded high growth in the period, including clothes (up 22%); electricity equipment (20.4%); leather and leather products (13.5%); electronics, computers and optical devices (11.6%); and metal production (11.5%).

The GSO also named key industrial products with strong IIP increases, including telephone components with 22%; beer (14%); urea fertiliser (13.5%); processed seafood and automobiles (12%) and clean coal (10%).

Some products decreased compared to the previous year, such as televisions (18%); aquatic feed (7%); mobile phones (4.3%); NPK fertiliser (4%) and motorbikes (3.5%).

From January to June, the IIP rose in 61 out of 63 provinces and cities, with significant growth seen in several localities, which experienced a strong recovery in the manufacturing and processing industry thanks to the successful containment of Covid-19 such as Bac Giang (46%); Lai Chau (45%); Quang Nam (25%) and Ha Giang (24%).

According to the GSO, the consumption index of the processing and manufacturing industry in H1 rose 9.4% compared to last year's corresponding period. In June, the index dropped 1% month-on-month and advanced 9.4% year-on-year.

The average inventory rate of the processing and manufacturing industry in the six months was 78%, much lower than the 92% recorded in the same period last year, the GSO noted.

As of June 1, the number of employees working in industrial enterprises rose 1.3% over the previous month and 5.8 % compared to the same month last year.

The number of employees in State-owned enterprises decreased 4.8% year-on-year, while those in non-State firms slumped 0.3%, and those in foreign-invested businesses increased by 7%.

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Source: VNA

Industrial production, year on year increase, positive increase, industrial firms, recovered their business activities
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