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07:00 07/03/2023

Rise of February industrial production index

According to data from the General Statistics Office of Vietnam, industrial production in February 2023 grew an estimated 5.1 percent compared with January due to a higher number of working days.

major industries

Compared with February 2022, the growth was 3.6 percent. Specifically, the mining industry grew seven percent; processing and manufacturing 3.3 percent; electricity generation and distribution 2.8 percent; water supply, waste and wastewater management and treatment six percent.

In the first two months of the year, the production index of the entire industrial sector decreased by 6.3 percent year-on-year, against the 5.6 percent growth in the same period of 2022.

Production in major industries increased, for example beverage production rose 32.4 percent; coke and refined petroleum 20 percent; repair, maintenance and installation of machinery and equipment 6.5 percent; and production of drugs, chemicals and pharmaceuticals 6.1 percent.

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