Industrial production index increased less than expected

According to the Provincial Statistics Office, the province's industrial production index (IIP) excluding crude oil and gas in April 2025 increased by only 0.34%, and the cumulative increase in the first 4 months of the year was 5.02% over the same period last year.

Steel production is one of the sectors facing difficulties in growth in early 2025. In the photo: Steel production at China Steel & Nippon Steel Vietnam Joint Stock Company.

The provincial Statistics Office stated: Ba Ria-Vung Tau enterprises have proactively planned production and market search, especially in the context of changes in US tax policy. Some sectors that have maintained high growth rates are food processing, wood and wood products, production of beds, cabinets, tables, chairs, other processing and manufacturing industries, electronics, etc.

However, in the first four months of the year, some industries saw sharp declines, such as the production and distribution of electricity, gas, hot water and steam, down 35.62%. Steel production is also showing signs of slowing down as it faces export difficulties.

News and photos: QUANG VINH

Source: https://baobariavungtau.com.vn/kinh-te/202505/chi-so-san-xuat-cong-nghiep-tang-khong-nhu-ky-vong-1042093/