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In Q1/2022, manufacturing industry increased growth especially processing and manufacturing

31/03/2022

In the first quarter of 2022, industrial production continued to rise with the value-added of the whole industry increased by 7.07% compared to the same period of the previous year, in which the processing and manufacturing industry increased by 7.79%, continuing to play a leading role in the growth of the whole industry…

In the first quarter of 2022, many key industries with a production index are high compared to the same period last year.

According to the data published by the General Statistics Office on March 29, the added value of the entire industry in Q1 2022 is estimated to increase by 7.07% compared to the same period last year. In particular, the processing and manufacturing industry increased by 7.79%, contributing 2.05 percentage points to the overall growth of the whole economy.

Electricity production and distribution increased by 7.42%, contributing 0.29 percentage points; water supply, waste management and treatment, wastewater increased by 6.54%, contributing 0.04 percentage points; mining industry increased by 1.23% (due to coal mining output increased 3.2%; metal ore mining increased by 5%), contributing 0.04 percentage points.

In Q1/2022, some key industries in the grade II industry had high production index compared to the same period last year, including costumes increased by 24.1%; machinery and equipment not yet classified increased by 16.2%; electrical equipment increased by 12.2%; and related products increased by 10.4%; prefabricated metal products (except machinery and equipment) increased by 10.1%; electronic products, computers and optical products increased by 9.4%; other non-metallic mineral products increased by 8%.

In the opposite direction, the production index of some industries decreased by 15.5%; rubber and plastic products by 15.5%; repair, maintenance and installation of machinery and equipment by 11.9%; coke and refined petroleum products by 11.7%; mining by 3.3%; and crude oil and natural gas by 2.2%.

Rise/decrease in the first quarter of the first quarter compared to the same period last year 2018-2022 of some key industries. Source: GSO.

In Q1/2022 compared to the same period in 2021, the index of industrial production increased in 61 localities and there were 2 localities with reduced production index.

Rise / Reduce IIP 1/2022 compared to the same period last year of some localities. Source: GSO.

Some key industrial products in the first quarter of 2022 increased higher than the same period last year, including: telephone components increased by 19%; sweet powder increased by 15.7%; automobiles increased by 13.4%; aluminium increased by 12.6%; plainclothes increased by 12.4%; bar and corner steel increased by 11%; raw milk increased by 9.2%; processed seafood increased by 8.9%; textiles from natural fibres increased by 8.7%.

In contrast, some products decreased compared to the previous year, such as television by 23.3%; gasoline and oil by 12.5%; textiles from man-made fibres by 12.3%; food for aquaculture by 11.7%; mobile phones by 9.3%; NPK mix by 6.6%; chemical paint by 5.7%.

Regarding the consumption index, the processing and manufacturing industry in March 2022 increased by 19.1% compared to the previous month and increased by 7.6% compared to the same period last year. Overall, in the first quarter of 2022, the consumption index of the whole processing and manufacturing industry increased by 6.6% compared to the same period in 2021 (in the same period in 2021, it increased by 5.8%).

The stock index of the whole processing and manufacturing industry estimated at 31/3/2022 increased 4.8% compared to the same time last month and increased 17.7% compared to the same time last year (at the same time last year increased 22.5%). The average inventory rate of the whole processing and manufacturing industry in the first quarter of 2022 is 79.9% (average in the first quarter of 2021 is 75.1%).

The report of the General Statistics Office also shows that the number of employees working in industrial enterprises at March 1, 2022 increased 1.9% compared to the same time last month and increased 2.7% compared to the same time last year.

In particular, labor in the State-owned enterprises sector increased by 0.3% and decreased by 3.3%; non-state-owned enterprises increased by 1.4% and decreased by 2.8%; foreign-invested enterprises increased by 2.3% and increased by 4.3%.

According to the sector, the number of employees working in mining enterprises increased 0.3% compared to the same time last month and decreased 1.9% compared to the same time last year; the processing and manufacturing sector increased 2.1% and increased 2.9%; the electricity, gas, hot water, steam and air conditioning production and distribution sector increased 0.1% and increased 0.4%; the water supply sector, waste management and treatment activities, wastewater increased 0.1% and increased 2.1%.

Source: VN Economy

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    MTA Vietnam 2022 Is Ready To Welcome The Return Of Our Exhibitors
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With the latest news of ZERO QUARANTINE for international travelers entering Vietnam, MTA Vietnam 2022 is ready to welcome all of the international exhibiting companies to this years exhibition at SECC, District 7, Ho Chi Minh City, Vietnam from 06-09/07/2022. MTA Vietnam is the leading prestigious exhibition of the engineering and manufacturing industry in Vietnam with a lot of experiences from organization to marketing promotion, promising in this return, MTA Vietnam will bring up many surprises to the community in and out of the country. Contact us to BOOK YOUR STAND NOW!
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