Vietnam’s industrial production up 6.2 pct in two months

03/03/2020, 10:53

Of which, manufacturing and processing sector grew by 7.4 percent, contributing six percentage points to the index. Electricity production and distribution sector expanded by 8.4 percent, while water supply and waste treatment sector up 4.9 percent.Mmining sector posted a 3.7 percent decrease in growth.  Other under-performed sectors included crude oil and natural gas exploitation, down 8.6 percent, and wood processing and wooden furniture, down 5.2 percent.Sectors posted higher growth compared to the same period last year were metal ore exploitation, up 25.4 percent; and coke and refined petrol, up 18.6 percent.Speaking at a meeting recently held in Hanoi, head of the Ministry of Industry and Trade’s Industry Department Truong Thanh Hoai said Vietnam’s manufacturing and processing sector largely relies on materials and spare parts imported from China, the Republic of Korea and...

Illustrative photo (Photo:VNA)

Source: VNA


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Vietnam’s industrial production up 6.2 pct in two months