Industrial production continued to thrive in the first quarter with the entire sector’s added value rising 6.18 per cent year on year, the Ministry of Industry and Trade (MoIT) reported.The increase contributed 2.02 percentage points to the growth of the economy’s added value, the MoIT told its regular press conference in Hà Nội last week.In particular, processing and manufacturing served as a major driver of economic growth, climbing up 6.98 per cent and contributing 1.73 percentage points. Electricity production and distribution rose 11.97 per cent and contributed 0.45 percentage point. Water supply along with waste and wastewater management and treatment grew 4.99 per cent and contributed 0.03 percentage point.However, the mining industry contracted 5.84 per cent, with the coal exploitation volume down 0.3 per cent and crude oil down 3.2 per cent, reducing the general growth by 0.2 percentage point, statistics show.The index of industrial production (IIP) went up in 54 of the 63 provinces and centrally-run cities during the period.Meanwhile, total revenue of goods retail and consumer services in Q1 was estimated at nearly VNĐ1.54 quadrillion (US$61.5 billion), up 8.2 per cent from a year earlier. The sum includes VNĐ1.19 quadrillion of goods retail revenue, accounting for 77.4 per cent of the total and increasing by 7 per cent (by 4.5 per cent if price hikes are excluded). (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News