VIETNAM SEES IIP GROWING IN 61 PROVINCES IN JAN-MAY

The index of industrial production (IIP) in Vietnam in the year to May had improved 8.3% year-on-year, with 61 out of the nation’s 63 provinces and cities recording a rise in IIP, according to the General Statistics Office (GSO).

In May alone, the index inched up 4% month-on-month and 10.4% compared to the same period last year.

The manufacturing and processing industry expanded 9.2%, electricity generation and distribution edged up 5.5%, the mining industry went up 4.1%, and the water supply and waste treatment industry rose 2.5%.

Industrial production continued its recovery trend as the Covid pandemic was brought under control.

GSO also said the number of employees working at industrial businesses as of May 1 this year increased 1.4% against the previous month and 4.4% versus the 2021 figure.

Of them, the number of employees working at State-run enterprises improved a slight 0.1% month-on-month and declined 4.5% year-on-year; that of non-State businesses increased 1.1% versus April and fell 1.3% against the year-ago figure. Meanwhile, the number of employees at foreign-invested companies both inched up 1.8% month-on-month and 6% year-on-year.

Source: The Saigon Times