Vietnam industrial production index up 18.3% YoY in Jan, down 4.4% MoM

The processing-manufacturing sector, in particular, expanded by 19.3 per cent YoY, contributing 15.1 percentage points to the overall growth.

The January IIP posted YoY increases in 60 provinces and cities while declining in just three, GSO said.

The fast expansion in some localities was due to sharp rises in the processing-manufacturing sector and the production and distribution of electricity, it noted.

Provinces recording high index rises in the processing-manufacturing sector include Quang Ninh (157.9 per cent), Bac Giang (57.7 per cent), Nam Dinh (56.9 per cent), Vinh Long (51.2 per cent), Kien Giang (47.7 per cent), Phu Tho (39.4 per cent) and Ho Chi Minh City (26.9 per cent), a domestic news agency reported.

ALCHEMPro News Desk (DS)