Fri, 24 Mar 2023

HANOI, Feb. 3 (Xinhua) -- Vietnam's national index of industrial production decreased 8 percent year on year in January, according to the country's General Statistics Office on Friday.

The processing and manufacturing sector, the main driver behind the decline, went down by 9.1 percent. The electricity production and distribution sector shrank by 3.4 percent while the water supply and waste management sector went up by 3.7 percent, said the office.

Explaining the overall decline, the office said, the Lunar New Year, the country's biggest celebration, fell in January, leading to the number of working days in the month reduced by 8-10 days compared to the same period last year.

In addition, the downward trend was also contributed by the decreasing number and scale of orders, it said.

In January, the industrial production index decreased 14.6 percent against December.

In the period, those witnessing the largest output declines included the production of motor vehicles (23.9 percent), clothing (21 percent) and electrical equipment (19.1 percent).

As of Jan. 1, 2023, the total number of employees in the industrial sector decreased by 0.9 percent year on year, said the office.

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