The Planning Department under the Ministry of Industry and Trade reported that the index of industrial production (IIP) in March had a month-on-month increase of 23.8% and a year-on-year surge of 6.2%. In the first quarter, the IIP witnessed a year-on-year growth rate of 6.3%.
According to the Planning Department, during the period, some industries achieved high growth rate in the IIP, which included metal production with a rate of 23.1%, paper production at 14.8% and textile at 12%.
However, the growth rate in the IIP for the first quarter of 2016 was low against the same period of 2015 mainly due to reduction in crude oil exploitation and low growth rate in production from groups of electronic products, computer and electric products, the Planning Department said.
Besides, prices of some services for production such as warehouses and transport would decrease against the same period to create favourable conditions for production and business of firms, according to the department.
Deputy Minister Tran Tuan Anh said that in the next months, the enterprises under the Industry and Trade ministry should also improve competitiveness, reform technology and promote restructuring.
Specially, companies should strengthen their traditional markets, expand potential markets, actively look for human and financial resources, and have investment in technologies for developing material suppliers, he said.
The state would develop policies to attract foreign investment, improve domestic production skills and increase exports, he added.
The Planning Department said that in the coming time, the world crude oil price was expected to remain low, being a good chance for industrial businessmen to restructure their production and business, cut production costs and improve quality of products.
According to the Planning Department, during the period, some industries achieved high growth rate in the IIP, which included metal production with a rate of 23.1%, paper production at 14.8% and textile at 12%.
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Besides, prices of some services for production such as warehouses and transport would decrease against the same period to create favourable conditions for production and business of firms, according to the department.
Deputy Minister Tran Tuan Anh said that in the next months, the enterprises under the Industry and Trade ministry should also improve competitiveness, reform technology and promote restructuring.
Specially, companies should strengthen their traditional markets, expand potential markets, actively look for human and financial resources, and have investment in technologies for developing material suppliers, he said.
The state would develop policies to attract foreign investment, improve domestic production skills and increase exports, he added.
The Planning Department said that in the coming time, the world crude oil price was expected to remain low, being a good chance for industrial businessmen to restructure their production and business, cut production costs and improve quality of products.
