Vietnam Industrial Production Value Up 16.3 per cent in Jan-August

Vietnam is estimated to make total industrial production value of VND438.6 trillion (US$26.58 billion) in the first eight months this year, up 16.3 per cent on-year.

 

August’s value is VND56.6 trillion (US$3.43 billion), increases of 1.7 per cent on-month and over 16 per cent on-year.

 

In the eight-month period, the private sector sees the highest growth in industrial production value, at 22.3 per cent, followed by the foreign-invested sector 17.7 per cent while state-owned enterprises witness the most modest growth of 6.5 per cent.

 

Despite difficulties such as input cost hikes, many industrial products obtain high growth in the period, for examples, lorries sees a growth of 78 per cent, passenger cars 74 per cent and washing machines 41.5 per cent.

 

However, some industries post a negative growth in industrial production like leatherette shoes for adults (-38.4 per cent) and LPG (-19.2 per cent).

 

In the first eight months, many localities still secure high industrial growth compared with the same period last year, for examples, northern Vinh Phuc province obtains a growth of +35.3 per cent, northern Hai Duong province +24.5 per cent and southern Binh Duong province +24.3 per cent. (Trade & Industry)