Q1 industrial production enjoys highest growth in five years
VOV.VN - The index of industrial production (IIP) during the first quarter of this year recorded an impressive growth rate of 7.8% year - on - year, recording the highest figure since 2020.
The National Statistics Office (GSO) under the Ministry of Finance reported that manufacturing and processing; electricity production and distribution; and water supply all posted high growth rates, at 9.5%, 4.6%, and 11.6%, respectively.
In contrast, mining endured a decline of 4.7%.
Several key industries also recorded impressive growth rates compared to the same period in 2024. Automotive production rose by 36.1%, leather and leather-made goods by 18.1%, furniture production by 12.9%, maintenance and installation of machinery and equipment by 12.8%, and rubber and plastic products by 12.7%.
Conversely, some others posted an IIP decline such as crude oil and natural gas exploitation at 9.6%, whilst beverage production fell by 0.7%.
The IIP over the past three months also showed notable variation across localities, with 59 provinces recording increases and four provinces seeing annual decreases.
Ho Chi Minh City’s IIP rises 2.1% in two-month period
VOV.VN - The opening two months of the year witnessed Ho Chi Minh City’s Index of Industrial Production (IIP) surge by 2.1% on-year, according to the municipal Department of Statistics.
