Vietnam is estimated to obtain industrial production value of VND39.87 trillion (US$2.49 billion) in February, up 11.9 per cent on-year, raising the total figure to VND89.08 trillion (US$5.57 billion) in the first two months of this year, an on-year rise of 17.5 per cent, reported the General Statistics Office (GSO).
The country is set to achieve an industrial production value of VND575 trillion (US$36.9 billion) in 2007, up 17 per cent on-year.
Of all the economic sectors, the foreign-invested sector records the highest growth rate in the two-month period at 22 per cent, to reach VND34.73 trillion (US$2.17 billion), followed by the private sector with an increase of 19.8 per cent to VND31.02 trillion (US$1.94 billion). Meanwhile, State-owned companies see the lowest growth of 8.8 per cent to earn a total value of VND23.32 trillion (US$1.45 billion).
In the two-month span, industries posting on-year industrial production growth of over 15 per cent include coal +24.9 per cent (6.9 million tons), natural gas +24.3 per cent (1.3 billion cu.m), seafood +18.4 per cent (99,700 tons), sugar and honey +17.5 per cent (414,100 tons), cardboard +26.3 per cent (186,700 tons), insecticide +27.6 per cent (10,068 tons), phial medicine +22.2 per cent (79.9 million), sanitary ceramic wares +27.9 per cent (823,000 units), cement +23.6 per cent (5.1 million tons), floor tiles +36.8 per cent (25.04 million sq.m), laminated steel +16.1 per cent (629,100 tons), diesel engines +35 per cent (10,599 units), batteries +15.6 per cent (651,500 kWh), assembled automobiles +36.8 per cent (6,599 units) and assembled motorbikes +25.8 per cent (367,430 units).
Meanwhile, eleven industries report decreases in industrial output in the period, including crude oil -1.9 per cent (2.79 million metric tons), LPG -7.9 per cent (54,600 tons), silk -0.1 per cent (95 million sq.m), knitwear -10.7 per cent (16.12 million units), ready-made garments -1.6 per cent (188.3 million units), fertilizer -9.2 per cent (319,500 tons), tablet -8.5 per cent (3.79 billion), soap -0.3 per cent (88,600 tons), bricks -1 per cent (2.86 billion units), electric fans -0.7 per cent (221,588 units) and bicycles -59.3 per cent (125,939 units).
All major cities and provinces nationwide are estimated to enjoy growth in their industrial production value in the first two months of this year.
Northern Vinh Phuc province tops the list with a growth of +58.2 per cent, followed by northern Hai Duong province at +37.7 per cent, and southern Dong Nai province ranks third with an increase of 27.4 per cent.
Meanwhile, the country’s two biggest cities – Hanoi and Ho Chi Minh City – report growths of +16.3 per cent and +16.4 per cent, respectively.
Southern coastal Ba Ria-Vung Tau province is at the bottom of the list with a growth of only +2.1 per cent. (GSO February 2007)
Vietnamese
