Vietnam Plans VND165 Bln to Boost Industrial Sector in 2009
Vietnam will spend VND165 billion (US$9.76 million) boosting the industrial sector this year, up 49.75 per cent on-year.
Of the sum, VND80 billion will be spent on national industrial promotion, up 60 per cent on-year and the remainder of VND85 billion on local industrial promotion, up 41.24 per cent on-year.
Vietnam targets to make industrial growth of 16 per cent on-year this year. Last year, the country’s industrial production value increased by 14.6 per cent on-year to VND652,766 billion (US$38.62 billion).
In January this year, the nation is estimated to make industrial production value of VND50.64 trillion (US$2.99 billion), down 8.6 per cent on-year and 4.4 per cent on-year. (Vietnam & World Economy, GSO)
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