Vietnam Industrial Production Value +14% in 2010
Vietnam’s industrial production value has increased 14% from a year earlier to VND794.2 trillion ($40.73 billion) this year, according to the General Statistics Office (GSO).
The growth rate is similar to that in the years prior to the global economic crisis, suggesting that domestic industry has made a full recovery, said GSO Economist Nguyen Quang Ha.
In December, the value has seen an increase of 16.2% on year to VND75.27 trillion.
The foreign-invested sector recorded the highest production value of VND333.4 trillion, followed by the non-state sector with VND284.99 trillion and the state-owned sector with VND175.81 trillion in 2010, up 17.2%, 14.7% and 7.4% on year, respectively.
Of the VND333.4 trillion posted by foreign-invested firms, the oil and gas sector contributed VND31.74 trillion, falling 0.7% from a year earlier.
In volume, liquefied petroleum gas output surged 62.4% on year in 2010, followed by chemical paint, powder milk, and sport shoes with 34.7%, 22% and 20.7% respectively, the office said.
Meanwhile, crude oil production dropped the most at 8.8% to 15 million tones during the year, followed by television set production with 7.8%, the GSO said. (GSO)
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