AsemconnectVietnam - The industrial production continued its recovery momentum from the end of 2023 and showed show a positive trend in April and the first 4 months of 2024.

The processing and manufacturing industry increased by 6.3%.
The report on industrial production and commercial activities in April and the first 4 months of 2024 published recently by the Ministry of Industry and Trade showed that industrial production continued to show a positive trend when the industrial production index Industry (IIP) in April 2024 was estimated to increase by 0.8% over the previous month and by 6.3% over the same period last year. Of which, the processing and manufacturing industry increased by 7.0% over the same period last year; electricity production and distribution increased by 11.3%; water supply, waste and wastewater management and treatment activities increased by 6.6%; the mining industry alone decreased by 6.8%.
Some localities had a high increase in IIP in April off 2024 compared to the previous month, such as: Son La increased by 36.4%; Vinh Phuc increased by 17.6%; Thai Binh increased by 16.8%; Ha Giang increased by 14.2%; Kien Giang increased by 12.5%; Bac Kan increased by 11.2%; Hoa Binh increased by 9.8%; Yen Bai increased by 9.6%; and Soc Trang increased by 9.5%.
Overall, for the first 4 months of 2024, IIP was estimated to increase by 6.0% over the same period last year (in the same period of 2023, the figure decreased by 2.5%). Of which, the processing and manufacturing industry increased by 6.3% (in the same period of 2023, the figure decreased by 2.9%), contributing 5.5 percentage points to the overall increase. The electricity production and distribution industry increased by 12.3% (in the same period of 2023, the figure decreased by 0.2%), contributing 1.1 percentage points. The water supply industry, waste and wastewater management and treatment activities increased by 5.3% (in the same period of 2023, the figure increased by 6.2%), contributing 0.1 percentage points; and the mining industry decreased by 4.6% (in the same period of 2023, the figure decreased by 3.7%), causing a decrease of 0.7 percentage points.
In the first 4 months of the year, there were 54 localities whose industrial production index increased compared to the same period last year, only 9 localities had IIP decreased compared to the same period last year.
Notably, the industrial production index in the first 4 months of 2024 of a number of key level II industries increased compared to the same period last year: the production of products from rubber and plastic increased by 27.5%; electrical equipment production increased by 24.7%; chemical and chemical product production increased by 24.3%; the production of beds, wardrobes, tables and chairs increased by 17.3%; metal ore exploitation increased by 16.9%; textile increased by 14.5%; printing and copying records of all types increased by 13.6%; metal production increased by 13.0%; production and distribution of electricity, gas, hot water, steam and air conditioning increased by 12.3%; tobacco product production increased by 9.1%; the production of paper and paper products increased by 9.0%; the production of electronic products, computers and optical products increased by 2.7%.
On the contrary, the IIP index of some industries decreased, such as the IPP index of the repair, maintenance and installation of machinery and equipment decreased by 15.4%; crude oil and natural gas exploitation decreased by 9.6%; production of other means of transport decreased by 5.1%; production of products from other non-metallic minerals decreased by 2.4%; mining of hard coal and lignite decreased by 1.2%.
Some key industrial products in the first 4 months of 2024 increased compared to the same period last year, such as bar steel and angle steel increased by 35.7%; textiles made from natural fibers increased by 25.1%; urea stool increased by 23.9%; rolled steel increased by 20.2%; N.P.K mixed fertilizer increased by 15.7%; powdered milk increased by 11.8%; electricity production increased by 11.4%.
On the contrary, some products decreased compared to the same period last year, such as liquefied petroleum gas decreased by 20.4%; gaseous natural gas decreased by 14.8%; television decreased by 11.1%; crude iron and steel decreased by 4.5%; mobile phones decreased by 2.8%; automobiles decreased by 6.6%; motorbikes decreased by 4.5%; beer of all kinds decreased by 5.3%; clean coal decreased by 1.2%; and aquatic feed decreased by 0.8%.
CK
Source: VITIC/ haiquanonline.com.vn