Binh Duong: IIP grows over 7% in Q1
The Index of Industrial Production (IIP) of southern Binh Duong province rose by 7.09% in the first quarter of 2016 from a year earlier, according to the provincial People’s Committee.
Garment and textiles led the way with a growth rate of 17.3%, followed by metals (13.3%), computer, electronic and optical products (11.5%), mining industry (11.4%) and electrical devices (11.2%).
The increase was largely owing to the local authorities’ efforts to support businesses in addressing difficulties.
The national IIP in the first two months of this year posted a year-on-year increase of 6.6%.
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Growth was reported in production of automobiles (38.8%) and steel (28.3%), while that of paint, leather footwear, motorbikes, sugar, and mobile phones reduced by between 0.1% and 3.5%.
Localities where industrial production surged included Quang Nam (65.6%), Thai Nguyen (29.9%), Haiphong (14.7%), Can Tho (13.4%), Danang (9.6%), Hai Duong (9.2%), Hanoi (8.5%), Dong Nai (8.4%), Ho Chi Minh City and Binh Duong (5.7%).
