According to the General Statistics Office’s report released on the morning of February 6, the industry production index (IIP) for January 2025 is estimated to have decreased by 9.2% compared to the previous month and increased by 0.6% over the same period last year. Specifically, the manufacturing industry increased by 1.6% year-on-year; electricity production and distribution increased by 0.4%; water supply, waste management, and treatment activities increased by 9.2%. Meanwhile, the mining industry decreased by 10.4%.
In January 2025, the production indices of some key secondary industries witnessed a significant year-on-year increase, including motor vehicle manufacturing (up by 33.8%), bed, cabinet, table, and chair manufacturing (up by 10.6%), leather and related product manufacturing (up by 10.3%), garment manufacturing (up by 6.1%), textile manufacturing (up by 4.2%), electronic product, computer, and optical product manufacturing (up by 3.8%), and manufacturing of other non-metallic mineral products (up by 3.5%). Food processing and manufacturing also saw a modest increase of 2.1%.
On the contrary, some industries experienced a decline in their IIP, with pharmaceutical, chemical, and medicinal material manufacturing leading the decrease at 29.1%. This was followed by hard and non-coking coal mining (-20.1%), electrical equipment manufacturing (-11.5%), chemical and chemical product manufacturing (-8.4%), printing and recording activities (-7.9%), and crude oil and natural gas extraction (-6.5%).
Regarding the industrial production indices of different localities across the country in January 2025 compared to the same period last year, the report from the General Statistics Office noted increases in 47 localities and decreases in 16 localities.
Notably, some localities achieved high IIP growth rates due to significant increases in the manufacturing industry. These include Nam Dinh (up by 29.9%), Bac Kan (28.5%), Ben Tre (24.2%), Binh Phuoc (17.0%), Kien Giang (16.6%), and Hai Phong (16.3%).
On the electricity production and distribution front, Tra Vinh witnessed an impressive increase of 56.0%, followed by Khanh Hoa (30.8%), Binh Thuan (20.6%), Dak Lak (18.1%), and Bac Kan (14.8%).
Conversely, some localities experienced low IIP growth or even declines due to low growth or decreases in the manufacturing industry. Specifically, Ca Mau saw a decline of 16.3%, followed by Gia Lai (-13.2%), Ha Tinh (-10.4%), Hanoi (-9.8%), Ho Chi Minh City (-9.3%), and Da Nang (-8.9%).
In terms of electricity production and distribution in January 2025, some localities experienced decreases compared to the same period last year, including Bac Lieu (-23.8%), Gia Lai (-14.2%), and Ha Tinh (-12.7%). The mining industry also saw decreases in Vinh Phuc (-62.0%), Gia Lai (-59.8%), and Da Nang (-50.9%) during this period.
According to the report, some key industrial products witnessed significant year-on-year increases in January 2025, including automobiles (up by 60.7%), televisions (up by 50.1%), NPK compound fertilizers (up by 13.7%), natural fiber fabrics (up by 9.6%), fresh milk (up by 7.3%), milk powder (up by 5.7%), and regular clothing (up by 5.0%).
Conversely, some products experienced decreases compared to the same period last year, including clean coal (-20.0%), telephone components (-14.1%), motorcycles (-12.0%), cane sugar (-10.7%), liquefied petroleum gas (LPG) (-9.2%), crude oil (-8.2%), chemical paints (-6.8%), and steel bars and angles (-6.7%).
Regarding the employment situation in industrial enterprises, the report noted a 0.2% increase in the number of employees as of January 1, 2025, compared to the previous month, and a 4.5% increase compared to the same period last year. Specifically, the number of employees in state-owned enterprises increased by 0.1% and 1.7%, respectively; non-state-owned enterprises remained unchanged and increased by 3.6%; foreign-invested enterprises increased by 0.3% and 4.9%, respectively.
When broken down by industry, the number of employees in mining enterprises increased by 0.3% compared to the previous month and remained unchanged compared to the same period last year. The manufacturing industry saw a 0.2% and 4.9% increase, respectively; electricity, gas, hot water, steam, and air conditioning production and distribution enterprises increased by 0.1% and 0.2%, respectively; while water supply, waste management, and treatment activities enterprises remained unchanged and increased by 1.1%, respectively.
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