Jan-Sep Industrial Production Up 15.9 per cent On-Year

Jan-Sep Industrial Production Up 15.9 per cent On-Year

Total industrial production value in September is estimated to expand by 16.7 per cent against August, bringing the country’s total in the first nine months up 15.9 per cent on-year, a conference held by the Ministry of Planning and Investment was told on September 24 in Hanoi.

Major industrial products including coal, processed aquatic products, garments and textiles, silk and cartons saw high growth rates of between 20 per cent and 34 per cent in the January-September period. Footwear, coal, electronics, computers, electrical cables and plastic products were exported to new markets. The industrial production of big cities such as Ho Chi Minh City, Hanoi and Hai Phong achieved high growth rates ranging from 15.2 per cent to 17.3 per cent, thanks to the firm management of local authorities.

Vietnam Steel Corp. said that the price of steel ingot will fluctuate within a narrow band from US$400 to US$420 per tonne from now to the year-end while the price of finished construction steel will range from VND7.5 million to VND7.9 million per tonne on the local market. With 210,000 tonnes of construction steel being stockpiled and 160,000 tonnes of steel ingot and import contracts for steel ingot, Vietnam Steel Corp. expects to meet domestic steel demand by the end of this year.

According to the Domestic Market Management Team, local trade in September was vivacious with a variety of commodities, no price fevers and plenty of goods available to market. Total retail sales of goods and services in September were estimated at around VND32.412 trillion, up 1.7 per cent on-month, bringing total turnover in the first nine months of this year to over VND274 trillion, up 18.3 per cent on-year.

• B.L