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Vietnam’s industrial production index up 5.1% in February

Vietnam’s index of industrial production in February rose by 5.1% against the previous month because of a greater number of working days than January, according to the General Statistics Office.

February also saw more workers returning to factories after the Lunar New Year holiday.

Vietnam, industrial production index, manufacturing activity, global economy, industrial development

The index of industrial production rose 5.1% in February.

Compared to a year earlier, the index rose 3.6%, in which the mining sector went up 7% while manufacturing activity climbed 3.3%. Power generation and distribution edged up 2.8% and waste treatment jumped 6%.

But the figure for the first two months of 2023 fell 6.3% over the same period last year as the global economy continued to face numerous difficulties and inflation in many countries remained high despite having moderated.

Specifically, mining dropped 3.8%, manufacturing slid 6.9% and power generation and distribution fell 5.2%.

Locality-wide, the industrial production index in the first two months of 2022 rose in 44 provinces and cities and decreased in the remaining 19.

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Source: NDO

Vietnam, industrial production index, manufacturing activity, global economy, industrial development
 
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