Although there were two long holidays in April 2019, the figures published by the General Statistics Office showed that the Industrial Production Index (IIP) in April 2019 is estimated to increase by 0.6%. compared with the previous month and up 9.3% over the same period last year.

In the first 4 months of 2019, IIP is estimated to increase 9.2% compared to the same period last year. This figure is still lower than the 10.7% increase of the same period in 2018, but higher than the increase of 7.4% and 6.6% of the same period in 2016 and 2017.

Therefore, the General Statistics Office stated that industrial production in April and the first 4 months of 2019 still achieved a good increase compared to the same period last year. In particular, processing, manufacturing - play a key role, promote overall growth - continue to maintain double-digit growth; The electricity production and distribution industry satisfies the production and use activities of the people, with the growth rate of production value higher than the general growth rate of the whole industry.

Specifically, the General Statistics Office stated that in the last 4 months, the processing and manufacturing industry increased by 10.9% (same period last year increased by 12.9%), contributing 8.3 percentage points to the level general increase; electricity production and distribution increased by 9.2%, contributing 0.8 percentage points; water supply and waste and wastewater treatment industry increased by 7.3%, contributing 0.1 percentage points; Particularly, the mining industry was equal to the same period last year (coal mining increased 13%, crude oil and natural gas exploitation decreased by 4.1%).

Not too difficult to realize, large projects continue to create momentum and bring high growth rates for industrial production.

Data from the General Statistics Office show that among 59/63 provinces and cities directly under the Central Government, IIP increased compared to the same period last year, of which Thanh Hoa led with a 42.8% increase by the Limited Company. Nghi Son petrochemical refinery has just been put into production since mid-2018; Tra Vinh increased by 38.3% by Duyen Hai Thermal Power Company to increase electricity production; Ha Tinh increased by 34.9% mainly due to Formosa Group’s contribution.