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Industrial production flourished

Industrial production in May 5 has shown signs of improvement when it reached a growth rate of 2023.2% over the previous month and an increase of 2.0% over the same period last year…

The manufacturing index of the whole industry in the first 5 months of 2023 decreased by 2% compared to the same period last year.
The manufacturing index of the whole industry in the first 5 months of 2023 decreased by 2% compared to the same period last year.

According to data released by the General Statistics Office on the morning of May 29, the index of manufacturing of the whole industry (IIP) in May 5 is estimated to increase by 5.2023% over the previous month and increase by 2.2% over the same period last year.

In which, compared to the same period last year, the processing and manufacturing industry decreased by 0.5%; the mining industry decreased by 2.9%; electricity production and distribution increased by 5%; water supply, waste and wastewater management and treatment activities increased by 6.8%

However, due to the difficult world economic situation in the first months of 2023, the decrease in export orders has affected domestic industrial production activities, in the first 5 months of 2023, the production index of the whole industry will decrease by 2% over the same period last year.

In which, the processing and manufacturing industry decreased by 2.5% (the same period in 2022 increased by 8.9%), reducing 1.7 percentage points to the overall increase; electricity production and distribution increased by 0.8%, contributing 0.1 percentage points; the mining industry decreased by 3.5%, down 0.5 percentage points; Water supply, waste and wastewater management and treatment activities increased by 6.4%, contributing 0.1 percentage points to the overall increase.

Production indexes in the first 5 months of 2023 of some key tier II industries decreased compared to the same period last year, including: motor vehicles decreased by 10.1%; paper and paper products decreased by 8.5%; apparel decreased by 8.3%; beds, wardrobes, tables and chairs decreased by 5.9%; wood processing and production of wood products decreased by 5.8%; other means of transport decreased by 5.6%; metals fell 5.5%; electronics, computers and optical products fell 5.1%.

In the opposite direction, the IIP index of some industries increased compared to the same period last year: metal ore mining increased by 13%; production of coke and refined petroleum products increased by 12.7%; production of tobacco products increased by 8.6%; waste collection, treatment and disposal, repair, maintenance and installation of machinery and equipment increased by 8.1%; beverage production increased by 6.5%; production of products from rubber and plastic increased by 6.3%; Water extraction, treatment and supply increased by 5.4%.

The index of industrial production in the first 5 months of 2023 compared to the same period last year increased in 49 localities and decreased in 14 localities across the country.

  • Some localities have achieved a relatively high increase in IIP due to the processing and manufacturing industry; the increase in electricity production and distribution is: Gia Lai increased by 21.7%; Tuyen Quang increased by 18.6%; Bac Giang increased by 15.9%; Phu Tho increased by 15.3%; Hai Phong increased by 13.4%; Nam Dinh increased by 13.3%; Kien Giang increased by 13.1%; Phu Yen increased by 12.3%; Hau Giang increased by 8.3%; Hau Giang increased by 270.9%; Thai Binh increased by 63.3%; Nam Dinh increased by 12%.
  • In contrast, some localities have low or decreased IIP due to the processing and manufacturing industry; the mining industry and the electricity production and distribution industry decreased, including: Quang Nam decreased by 36.7%; Bac Ninh decreased by 19.1%; Vinh Long decreased by 16.6%; Soc Trang decreased by 16.5%; Da Nang decreased by 4.8%; Peace fell 4.6%; Ha Giang decreased by 33.4%; Lai Chau decreased by 28.5%; Son La decreased by 11.9%; Peace fell 6.2%; Da Nang decreased by 2.7%; Vinh Long decreased by 66.5%; Ha Giang decreased by 27.5%; Ba Ria – Vung Tau decreased by 9.1%; Soc Trang fell 6%.
  • The report also shows that, in the first 5 months of 2023, some key industrial products will increase compared to the same period last year, namely an increase in diameter of 31.1%; gasoline and oil increased by 13.5%; textiles from artificial fibers increased by 10.6%; NPK mixed fertilizers increased by 9.2%; cigarettes increased by 8.6%; Televisions rose 7%.
  • In contrast, some products that decreased compared to the same period last year were automobiles down 24%; steel bars and angle steel decreased by 20.1%; mobile phones decreased by 16.4%; textiles from natural fibers and phone components together decreased by 10.1%; Regular clothing wear decreased by 9.8%.

Regarding the situation of workers working in industrial enterprises as at May 01, 5, it will increase by 2023.0% compared to the same time last month and decrease by 8.4% compared to the same time last year.

In which, the labor force of State-owned enterprises remained unchanged compared to the previous month and decreased by 1.8% compared to the same period last year; non-state enterprises increased by 0.4% and decreased by 2.9%; Foreign-invested enterprises increased by 1.1% and decreased by 5.9%.

By sector, the number of employees working in mining enterprises increased by 0.1% over the same period last month and increased by 0.4% over the same period last year; processing and manufacturing increased by 0.9% and decreased by 5.1%; the production and distribution of electricity, gas, hot water, steam and air conditioning remained unchanged and decreased by 1.7%; water supply, waste and wastewater management and treatment activities increased by 0.1% and decreased by 1.3%.

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