Industrial production soars over 24% in April

Saturday, 2021-05-01 16:19:03
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NDO - The index of industrial production (IIP) in April increased by 24.1% over the same period in 2020 amid the rebound of business activities and free trade agreements taking effect.

According to the General Statistics Office, the IIP in the four-month period in 2021 also rose by 10% over that of the same period last year.

Several key industrial sectors saw high IIP in the January-April period including metal production (up 37.9%), motor vehicle production (up 32.9%), the production of beds, wardrobes, tables and chairs (up17.6%), and others.

Meanwhile, some sectors posted declining IIP such as production of coke coal and refined petroleum products (down 2%); drainage and wastewater treatment (down 2.2%); exploitation of hard coal and lignite (down 2.8%); and crude oil and natural gas exploitation (down 8.9%).

The number of employees working at industrial businesses as of April 1, 2021, rose by 1.5% over the previous month and by 1.8% over the same period last year.

To deal with inventory and promote domestic production, the Ministry of Planning and Investment has asked localities to continue to reform administrative procedures, simplify specialised inspection of goods, improve logistics services, and increase linkages between domestic and FDI enterprises.