2:20:19 PM | 31/7/2008
Vietnam is estimated to make total industrial production value of VND382.34 trillion (US$23.17 billion) in the first seven months this year, up 16.4 per cent on-year, reported the General Statistics Office (GSO).
July’s industrial production is VND56.42 trillion, a rise of 16.1 per cent on-year, the office said.
Of the total value, the state-owned sector contributes VND86.78 trillion, up 6.7 per cent on-year; the private sector VND136.88 trillion, an on-year increase of 22.2 per cent; and foreign-invested enterprises VND158.67 trillion, up 17.3 per cent on-year.
Industrial production has faced many difficulties in the period, especially the soaring input costs due to the price hikes of materials and fuels.
However, many industries obtain high growth in the seven-month span. For example, lorry makers generate an on-year growth of 96.2 per cent, passenger car 78.6 per cent, washing machine 54.2 per cent and powdered milk 36.6 per cent.
Meanwhile, the leatherette footwear industry sees the sharpest reduction at -40.6 per cent, followed by LPG at -18.7 per cent and crude oil -6 per cent.
All big cities and provinces, except southern Ba Ria-Vung Tau province, reportedly enjoy a positive industrial growth in the January-July period.
Northern Vinh Phuc province takes the lead with growth of 30.9 per cent, followed by the northern province of Ha Tay with 25.4 per cent and southern Binh Duong province ranks third with 24.4 per cent.
The country’s two biggest cities of Hanoi and Ho Chi Minh City achieve growths of 14.7 per cent and 13 per cent, respectively. (GSO July 2008)
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