Vietnam is estimated to obtain an industrial production value of VND46.19 trillion (US$2.89 billion) in September, up 18.7 per cent on-year, bringing the total figure in the first nine months of 2006 to over VND365 trillion (US$22.81 billion), a rise of 16.8 per cent against the same period of 2005.
Among all economic sectors, the private sector continues to post the highest growth rate in the nine-month period at 22 per cent to reach an output value of VND108.59 trillion ($6.79 billion). In September alone, the sector earns VND13.53 trillion ($845.88 million) in industrial production value, an on-year rise of 24.6 per cent.
Following is the foreign-invested sector which achieves a growth rate of 19.5 per cent in the same period, earning VND140.5 trillion ($8.78 billion). This month, the sector is estimated to reach total production value of VND18.7 trillion ($1.17 billion), up 23.2 per cent on-year.
Meanwhile, State-owned firms remain at the lowest growth of 9.4 per cent, bringing in VND115.93 trillion ($7.25 billion) in the first nine months of this year. In September, the sector generates VND13.96 trillion ($872.63 million), an increase of 8.4 per cent on-year.
Among all industries, ten register the highest industrial production growth in the period including phial medicines (+22.9 per cent), coal (+20.1 per cent), ready-made garments (+18.9 per cent), pesticide (+17.1 per cent), soap and sanitary ceramic wares (+17 per cent), laminated steel (+14.8 per cent), silk (+13.7 per cent), cement (+13.2 per cent), cardboard (+12.9 per cent) and electricity (+12.6 per cent).
Meanwhile, 12 industries experience a negative growth, including bikes (-42.8), transformers (-41 per cent), machine tools (-33.7 per cent), assembled automobiles (-33.2 per cent), electric fans (-9.6 per cent), crude oil (-7.5 per cent), NaOH soda (-5.7 per cent), cigarettes (-5.6 per cent), fertilizer (-4.9 per cent), batteries (-2.6 per cent), tablets (-2.3 per cent) and assembled TVs (-1.2 per cent).
Between January and September this year, all major cities and provinces nationwide are estimated to enjoy a growth in their industrial production value.
Northern Hai Duong province takes the lead in Vietnam in industrial growth in the period with 23.3 per cent, followed by northern Ha Tay province with an increase of 22.9 per cent and Mekong delta Can Tho city with 21.2 per cent.
Southern Binh Duong province ranks the 4th at 19.4 per cent, southern Dong Nai province the 5th with 18.4 per cent, Capital city of Hanoi the 6th at 18.3 per cent, the northern port city of Haiphong the 7th at 18 per cent, northern Vinh Phuc province the 8th at 17.6 per cent, northern Quang Ninh province the 9th with 17.5 per cent and central coastal Khanh Hoa province the 10th at 16 per cent.
Ho Chi Minh City, central Danang city, northern central Thanh Hoa province, northern Phu Tho province and southern Ba Ria-Vung Tau province rank the 11th, 12th, 13th, 14th and 15th with growth of 13.7 per cent, 13.6 per cent, 13.5 per cent, 12.8 per cent and 6.5 per cent, respectively.
The industrial sector has set a target 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 ($56.6 billion) of investment capital to boost its industrial sector between 2006 and 2010, accounting for 40 per cent of the entire capital need in the period.
(GSO September 2006)
Vietnamese
