Industrial production up 6.8% in early 2013

HA NOI (VNS)— The Industrial Production Index (IPI) saw a year-on-year increase of 6.8 per cent in the first two months of this year, according to the General Statistics Office (GSO).

Of which, the index of the mining industry increased 1.8 per cent over the same period last year, that of the processing and manufacturing, 7.9 per cent, electricity production and distribution, 11.7 per cent, and water supply and sewage treatment, 9.9 per cent.

The production of several industries saw notable increases includes battery production (107.1 per cent), electrical equipment (51.3 per cent), machine spare parts (45.9 per cent), fertiliser and nitrogen compound (43.3 per cent), footwear (35.9 per cent), and telecom equipment (26.4 per cent).

Meanwhile, as of February 1, 2013, inventory level picked up 19.9 per cent against the same period last year. Car engine production suffered an inventory of 142.5 per cent; electric cable production 64.1 per cent; telecom equipments 60.1 per cent; fertilisers 58.1 per cent; and beverage production 49.4 per cent.

In contrast, inventory levels dropped in battery production by 38.6 per cent and electronic spare parts 62.9 per cent.

The index surged by 3.2 per cent in HCM City, Dong Nai 7.6 per cent, Binh Duong 3.7 per cent, Ha Noi 4.5 per cent, Hai Phong 2.9 per cent and Bac Ninh 10.2 per cent. — VNS