IPI expands positively in December
VGP – The industrial production index (IPI) was estimated to saw a month-on-month increase of 3.7% and a year-on-year growth of 10.7%, the Ha Noi Department of Industry and Trade reported.
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Processing and manufacturing sectors attained increases of 4.2% and 10.5%, respectively. electricity production and distribution down 2.3% and up 16%; water supply and collection up 1.3% and 9.7%; the mining sector down 3.8% and down 25.6%.
IPI rebounded vigorously, up 6.7% in Q1, 8% in Q2, 8.7% in Q3, and 10.1% in Q4.
Generally, in 2019, IPI experienced a year-on-year increase of 8.5%; electricity production and distribution up 9.7%; water supply and collection up 8%; the mining sector down 21.6%.
In 2019, the city upheld the role of state management; developed modern industrial complexes; and encouraged local enterprises to deeply integrate into the global supply chains and raise localization rate.
In addition, the local authorities extricated difficulties for local enterprises; boost export activities; promoted trade promotion activities; and implemented connectivity programs among Ha Noi and other provinces and cities in industry and trade.
Consumption index of the processing and manufacturing industries picked up 20.1% in December and 17.7% in 2019.
Inventory level saw a year-on-year decline of 3.9% especially garments and textiles (down 3.9%); fashion production (down 66.1%); paper production (down 61.1%)./.
By Kim Loan
