Vietnam HCMC Jan-Jul Industrial Production Up 4.8 per cent at VND237.5T
The industrial production value of Vietnam’s southern economic hub, Ho Chi Minh City, is estimated to have been up 4.8 per cent at VND237.5 trillion (US$13.97 billion).
Of the total, the non-state sector represents a growth rate of 7.3 per cent, followed by foreign-invested sector 7 per cent. Meanwhile, production value by the state-owned sector sees a decrease of 3.2 per cent.
Industries recording a growth of more than 10 per cent include foodstuff and drink (10.9 per cent), wood processing (16.2 per cent), chemicals (23.3 per cent), construction materials (15.5 per cent), stationery (29.7 per cent) and medical devices (12.1 per cent).
In the first half of 2009, the country’s industrial production grew 4.8 per cent on-year to VND324.2 trillion (US$19.186 billion).
The Vietnamese government latter has set a goal of achieving industrial production growth between 15 per cent and 16 per cent in the second half to fulfill the target of 10 per cent set for this year. (Vietnam Economic Times)
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