Economic Sector

Last updated: Friday, February 15, 2019


IPI Soars 15.2 Pct in Jan-Feb

Posted: Friday, March 02, 2018

The industrial production index went up 15.2 per cent in the first two months of 2018, much higher than the 2.4 per cent level of the same period last year.

Processing and manufacturing industries expanded 17.7 per cent, a 13.2 percentage point increase; followed by electricity distribution and production (up 11.2 per cent); mining (up 5.7 per cent); water supply and sewage treatment (4.3 per cent). 

Especially, production of electronic devices, computers, optical products surged by 38.3 per cent; metal ores (up 21.1 per cent).

Meanwhile, exploitation of crude oil and natural fuel suffered a drop of 5 per cent. 

In the first two months, provincial IPIs of 63 provinces and cities saw year-on-year increases especially in Bac Ninh (up 45.1 per cent); Quang Nam (up 16.9 per cent), Vinh Phuc (up 14.1 per cent); Ha Tinh (up 164.4 per cent).

As of February 1, 2018, the number of laborers in industrial enterprises witnessed a year-on-year growth of 3.6 per cent of which the State sector saw a 1.3 per cent decline; the non-State sector experienced a 4 per cent growth; and the FDI sector recruited additional 4.3 per cent workers.


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