Key industries of Hanoi enjoy good growth in five months

Some key industries of Hanoi have posted good economic growth since the beginning of 2018, contributing to a year-on-year rise of 7.8% in the local index of industrial production (IIP) between January and May.

key industries of hanoi enjoy good growth in five months hinh 0

In the five months, industrial production value approximated VND223.75 trillion (nearly US$9.79 billion), up 9.1% from the same period last year.

Notably, the mining industry expanded by 7.5% while processing and manufacturing rose 7.9%. The production and distribution of electricity and gas and the water supply and waste and wastewater treatment sector respectively grew by 6.9% and 7.1%, according to the municipal Statistics Office.

In May alone, Hanoi’s IIP increased by 5.6% from April and 11.3% from a year earlier.

Industrial production value this month is estimated at nearly VND46.75 trillion (more than US$2 billion), up 5.9% month on month and 12.6% year on year.

The Statistics Office said businesses in the capital continued to recruit new employees in May. 

Compared to the same period last year, labour recruitment in May grew 9.6% in foreign invested companies and 3.2% in State-owned enterprises. Meanwhile, it fell 0.7% in non-State firms.

VNA

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