The industrial production index (IPI) in May increased by 5.9% against the same period last year, according to the General Statistics Office (GSO).
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The processing and manufacturing sector reported a positive growth of 7.5% year on year; contributing 5.3% of the general growth; the production and distribution of the electricity sector jumped by 10.6%; the water supply, sewage and waste management sector rose by 6.1%.
However, the mining sector's growth fell by 2.1% year on year.
The GSO also reported that Hai Phong took the lead with 11.7% growth rate in the first five months; followed by Quang Ngai (11.6%); Quang Nam (11.2%); and Da Nang (10.1%). In the two biggest cities HCMC and Ha Noi, IPI increased by 5.2% and 3.8%, respectively.
In April, the sale of the processing and manufacturing sector picked up 3.7% against the previous month and posted a year-on-year increase of 16.3%.
As of May 1, 2014, inventory level of the processing and manufacturing went up 12.6% against the same period last year. Meanwhile, the level of garments and textiles fell by 1.4%.
(Source:VGP)
