Industrial production ups 16.4% in first seven months

VGP – Việt Nam’s industrial production value in the first seven months of this year is estimated to reach VND 382.3 trillion, increasing 16.4% over the same period last year, according to the Ministry of Industry and Trade.

August 05, 2008 5:05 AM GMT+7

The State-run economic sector earned VND 86.8 trillion, seeing a 6.7% increase; the non-State sector VND 136.9 trillion, up 22.2%; and the foreign-invested sector obtained the strongest growth rate of 17.3% with a value of VND 158.7 trillion.

Many cities and provinces with large-scale industrial production still maintained a high growth rate compared to the same period last year. The provinces growing faster than the country’s average include Vĩnh Phúc (30.9%), Hà Tây (25.4%), Bình Dương (24.4%), Hải Dương (23.6%), Đồng Nai (20.2%), Hải Phòng City (18.2%) and Phú Thọ (16.6%).

In July merely, the industrial production value was estimated to go up by 16.1% compared to the same period last year, in which the State-run sector grew by 6.7%, the non-State sector 22.1% and the foreign-invested sector 16.9%.

However, these figures were lower than the previous month due to the price of input materials and fuels continued to rise high.

By Ngọc Vân