HÀ NỘI — The total national index of industrial production (IIP) rose by 0.7 per cent in January 2017 compared to the same period last year, according to General Statistics Office data. Regardless, several sectors experienced a hike in production, such as textile’s 16 per cent rise, metal moulding’s 14.8 per cent growth, and vehicle engines’ 9.9 per cent increase. More drastically, powdered milk dropped by 11.5 per cent, refined sugar dropped by 12.3 per cent, crude oil decreased by 15 per cent and natural gas sagged by 23.5 per cent. Inventory index for January 2017 grew by 8.3 per cent, lower than the level of 9 per cent in the same period in 2016, which shows consumption is returning to a steadier pace. By the end of December 2016, IIP for 2016 had experienced a total growth of 8.5 per lower than that of the same period in 2015’s 11 per cent.

Source: Viet Nam News February 04, 2017 02:15 UTC