Industrial production index (IPI) was estimated to fall sharply by 21.3% against the previous month and 10.1% against the same period last year due to the long Lunar New Year (Tet) holiday, according to the General Statistics Office (GSO).
Industrial production index (IPI) was estimated to fall sharply by 21.3% against the previous month and 10.1% against the same period last year due to the long Lunar New Year (Tet) holiday, according to the General Statistics Office (GSO).
In the first two months, IPI saw a year-on-year increase of 6.8% of which the mining industry expanded 1.8% against the same period last year; the processing and manufacturing industry 7.9%; electricity production and distribution 11.7%; and sewage treatment 9.9%.
The index surged by 3.2% in Ho Chi Minh City; Dong Nai 7.6%; Binh Duong 3.7%; Ha Noi 4.5%; Hai Phong 2.9%; Bac Ninh 10.2%.
Meanwhile, as of February 1, 2013, inventory level picked up 19.9% against the same period last year. Car engine production suffered an inventory of 142.5%; electric cable production 64.1%; telecom equipments 60.1%; fertilizers 58.1%; and beverage production 49.4%.
In contrast, inventory levels dropped in battery production by 38.6% and electronic spare parts 62.9%.
(Source: VGP)
