World Economy

Vietnam Factory Production Up

Vietnam Factory Production UpVietnam Factory Production Up

Vietnam’s national index of industrial production in the first four months of this year surged 7.3% year-on-year, according to the General Statistics Office, bizhub reported. In the first four months of 2016, the consumption index of local industry climbed 12.7%, much higher than the 9.1% seen in the first quarter of this year. However, the climb in industrial production was still lower than the 9.6% rise recorded in the same period last year, GSO noted. From January to April, the processing and manufacturing industry posted a yearly rise of 9.6%, while electricity production and distribution increased 12.1% year-on-year.