Vietnam's industrial production index (IIP) saw relatively high growthin the first quarter of this year, according to the General StatisticsOffice (GSO).
The index grew 9.1 percent, compared with 5.3 percent in the first quarter last year and 4.9 percent in 2013.
GSOanalysts attributed the improvement to the industrial consumptionindex's strong growth in the first two months of this year. It rose 14.7percent on the year, much more than last year's 4.3 percent during thesame period.
The processing and manufacturing sector, whichcontributed more than three fourths of overall growth, increased 9.6percent, as opposed to 7.4 percent in Q1 last year.
About 61.5million mobile phones were produced during the first quarter, doublinglast year's output. Meanwhile, production of powdered milk fell by 16.8percent.
Other industrial products posting high IIP increasesduring Q1 included automobiles (52.6 percent), television sets (38.6percent), food for aquatic products (27.4 percent), chemical paint (17.2percent), leather and footwear (16.3 percent), fresh milk (16.2percent), rolled steel (12.4 percent) and petroleum (9.8 percent).
Productswith low IIP included aquatic products and seafood (8.9 percent),cement (5.9 percent), coal (3.2 percent) and natural gas (0.2 percent).
Sectorswith decreased IIP included sugar (0.1 percent), clothes (0.3 percent),liquefied gas (6.5 percent) and motorbikes (11.8 percent).
Thecountry's IIP increase is still low compared with increases of 14 to16.17 percent before the world economic downturn period.
GSOanalysts attributed the slower growth to low product competitiveness.Fake versions of domestic products were sold at much lower prices.-VNA
The index grew 9.1 percent, compared with 5.3 percent in the first quarter last year and 4.9 percent in 2013.
GSOanalysts attributed the improvement to the industrial consumptionindex's strong growth in the first two months of this year. It rose 14.7percent on the year, much more than last year's 4.3 percent during thesame period.
The processing and manufacturing sector, whichcontributed more than three fourths of overall growth, increased 9.6percent, as opposed to 7.4 percent in Q1 last year.
About 61.5million mobile phones were produced during the first quarter, doublinglast year's output. Meanwhile, production of powdered milk fell by 16.8percent.
Other industrial products posting high IIP increasesduring Q1 included automobiles (52.6 percent), television sets (38.6percent), food for aquatic products (27.4 percent), chemical paint (17.2percent), leather and footwear (16.3 percent), fresh milk (16.2percent), rolled steel (12.4 percent) and petroleum (9.8 percent).
Productswith low IIP included aquatic products and seafood (8.9 percent),cement (5.9 percent), coal (3.2 percent) and natural gas (0.2 percent).
Sectorswith decreased IIP included sugar (0.1 percent), clothes (0.3 percent),liquefied gas (6.5 percent) and motorbikes (11.8 percent).
Thecountry's IIP increase is still low compared with increases of 14 to16.17 percent before the world economic downturn period.
GSOanalysts attributed the slower growth to low product competitiveness.Fake versions of domestic products were sold at much lower prices.-VNA
