Vietnam Jan-Feb Industrial Production Value Sees Modest Growth

12:52:00 PM | 3/3/2009

Vietnam is estimated to make an industrial production value of VND58.2 trillion (US$3.44 billion) in February, up 14.9 per cent on-year, raising the total figure to VND106.1 trillion, up 2.5 per cent on-year. 
 
In the two-month period, the state-owned sector witnesses an on-year reduction of 4.4 per cent in industrial production value while the private sector and the foreign-invested sector grow 6.6 per cent and 3.3 per cent, respectively.
 
Some industrial products still maintain on-year growth, such as crude oil (+14.2 per cent), cement (+10 per cent), sugar (+6.6 per cent), cloth (+6.5 per cent) and powdered milk (+5.4 per cent).
 
Meanwhile, many other industrial products gain low or negative growth in the first two months, like: electricity (+0.7 per cent), fertilizer (+1 per cent), air-conditioner (-64.1 per cent), glass (-50.5 per cent), cloth (-29.6 per cent), ceramics (-20.2 per cent), washing machine (-19 per cent), GPG (-12.9 per cent), motorbike (-12.9 per cent), cooking oil (-12.3 per cent), television (-11.7 per cent), rolled steel (-9 per cent), processed seafood (-8.2 per cent), automobiles (-6.1 per cent), coal (-6 per cent), fridge (-5.2 per cent), natural gas (-5.1 per cent) and brick (-4.1 per cent).
 
In the period, some localities make good growth in industrial production value including northern central Thanh Hoa province (+18.4 per cent), northern port Haiphong city (+10.4 per cent), Mekong delta Can Tho city (+10.3 per cent), southern Dong Nai province (+9.9 per cent), Hanoi (+8.5 per cent) and southern Ba Ria-Vung Tau province (+10.8 per cent).
 
Southern economic hub of Ho Chi Minh City makes a modest growth of 2.9 per cent.
 
Some other localities witness a negative growth including northern Phu Tho province (-29.8 per cent), northern Vinh Phuc province (-17.5 per cent), northern Hai Duong province (-10.9 per cent) and central Danang city (-8.1 per cent). (GSO Feb 2009)