Vietnam's industrial production grows despite pandemic

Saturday, 2021-05-29 17:07:17
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The IIP in May still grows despite COVID-19 pandemic.
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NDO – The production of key industrial products, except mining activities, have continued to maintain good growth momentum in the first five months of this year despite the COVID-19 pandemic’s hit to industrial parks in the provinces of Bac Giang and Bac Ninh.

The index of industrial production (IIP) in May was estimated to have increased 1.6% compared to the previous month and 11.6% over the same period last year, announced by the General Statistics Office.

In May, the processing and manufacturing industry saw an expansion of 14.6% over the same month of last year. The electricity production and distribution expanded 12% and water supply and waste treatment grew by 6.8%. Meanwhile, the mining industry saw a decrease of 9.8%.

In addition, the IIP in the first five month of this year soared 9.9% over the same period last year, with the processing and manufacturing in the lead with an increase of 12.6%.

Electricity production and distribution and water supply and waste treatment industries witnessed respective increases of 8.3% and 7.5% during this period,. The mining posted a decrease of 7% in its production index in the first five months.