Five Industrial Goods to Reach Export Value of over US$2Bln in 2007
Five industrial goods including crude oil, textiles and garments, leather footwear, woodwork and electronics-computer parts will earn Vietnam more than US$2 billion each in 2007, according to the Ministry of Industry.
Next year, industrial exports are expected to make up some 76.6 per cent of Vietnam’s total export revenues, equivalent to US$33.8 billion, which is up 17 per cent against 2006, the ministry said.
Several items, which will continue to witness a high export growth as compared with this year, will comprise of footwear, electronics-computer parts, fine-arts and handicraft, woodwork and plastics.
The industrial sector has targeted to reach production value of VND558.02 trillion (US$34.88 billion) in 2007, an on-year increase of 15.6 per cent, said the ministry.
The sector also aims to obtain an average growth of 15.2-15.5 per cent annually in the period of 2006-2010, raising the industrial and construction rate in GDP to 44 per cent in 2010.
Vietnam needs around VND900 trillion (US$56.6 billion) of investment capital to boost its industrial sector in the next five years, accounting for 40 per cent of the entire society’s need for capital.
Vietnam & World Economy
Vietnamese
