Vietnam Industrial Value Grows 16 per cent to VND493,196 Bln in Jan-September

3:17:43 PM | 1/10/2008

Vietnam is estimated to make industrial production value of VND493,196 billion (US$29.89 billion) in the first nine months this year, up 16 per cent on-year, the General Statistics Office (GSO) reported.
 
In Sept, the industrial production value is VND55.72 trillion (US$3.37 billion), an on-year rise of 15.2 per cent, the office shows.
 
The private sector still records the highest growth rate at 20.7 per cent to reach VND175,311 billion, followed by the foreign-invested sector with a rise of 17.9 per cent to VND204,520 billion.
 
Meanwhile, state-owned firms posted the lowest growth of just 6.4 per cent at VND113,365 billion. 
 
In the period, truck makers report the highest on year growth rate of +72.2 per cent, followed by passenger-car makers with +67.4 per cent and washing machine with +38.2 per cent.
 
Meanwhile, leatherette footwear witnesses the sharpest fall of -36.5 per cent, followed by LPG with -18.3 per cent and crude oil -7.6 per cent.
 
Northern Vinh Phuc province tops the list with growth of +32.6 per cent in industrial production value, followed by southern Binh Duong province with +23.8 per cent and southern Dong Nai province ranks third with +18.6 per cent.
 
The country’s two biggest cities – Hanoi and Ho Chi Minh City – report growths rates of +14 per cent and +12.8 per cent, respectively.
 
Only southern coastal Ba Ria-Vung Tau province posts a negative growth of -1.6 per cent. (GSO Sept 2008)