National’s IIP increases slightly

The Planning Division under Ministry of Trade & Industry said the national index of industrial production (IIP) in the first quarter of 2016 increased slightly 6.3 percent compared to the same period of last year.

The increase was due to the exploit of crude oil in the world reduced sharply in last month.

The sector in production of electronics, computer & optical products reported continue growing slowly.

Besdies, the power supplying for industrial and building sector rise 9.12 percent, a decrease of 17.9 percent over last year, showing difficulties in production.

However, the ministry forcastes in upcoming times, the oil price in the world will continue to fall.

L.Phong-Translated by M.Quyen

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