Industrial production hits three year high

Industrial production index grew 9.2 percent over the same period last year, which was a three year high level, reported the General Statistics Office.

The growth rate was 4.9 percent and 5.7 percent for the same period in 2013 and 2014.

This year, motor vehicle manufacturing grew 32 percent, textile 22.8 percent, leather items 21.3 percent, and electronic, computer and optical products 19.6 percent.

According to the report, the consumption level of manufacturing and processing industry in April saw a year on year increase of 9.3 percent, taking the total growth rate to 12.8 percent in the first four months this year.

Early May, the industry’s inventory level was up 11.5 percent over the same period last year, lower that time level of 12.6 percent.

By T. Trinh – Translated by Hai Mien

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