Top-ten industrial events named for 2006

VNGOVNet – The 2006 saw Vietnam’s industrial sector gain a high growth rate of 17% as well as many significant achievements. The following are the ten most outstanding events voted by the Ministry of Industry.

January 09, 2007 7:05 AM GMT+7

1- The sector maintained a high growth rate right from the start of the first year of the five-year 2006-2010 plan, surpassing most of 2006 targets. Industrial production value increased by 17% against 2005, 1.5% higher than planned. Export turnover of industrial products reached US$ 30 billion, 22.4% higher and accounting for the biggest share in the country’s total export turnover.

2- Four powerful groups were established: Gas and Oil, Electricity, Coal and Minerals, and Garments and Textiles. They account for 10% of the national industrial value and 30.6% of the public sector’s industrial value, with annual revenues reaching VND 257,300 billion, State capital accounting for VND 132,600 billion and export turnover being VND 6.1 billion.

3- The conversion of public sector business into joint-stock companies was sped up with 46 having transformation completed against the target of 35 (31.4% higher than planned). They possess the total chartered capital of VND 5,973.5 billion. Record numbers of industrial enterprises were listed on the stock market, 14% of the total listed. They represent 32.54% of the total transaction value and are all success stories.

4- The first commercial ton of oil by a Vietnamese investment was reported at the Sendor Field in Bloc PM3.04, Malaysia.

5- Work launched on the construction of the first Vietnamese-funded hydroelectricity plant abroad, Project Sekaman 3 of 250 MW in Laos.

6- The biggest ever ship (13,500 tons) to be built by Vietnam was certified by the Japanese Register NK.

7- Vietnam licensed a US$1 billion Intel factory project, one of the five biggest in the world and the largest ever by Intel.

8- A record was set in industrial FDI inflow. Of the 797 FDI projects with total capital of US$ 7.5 billion licensed in 2006, the sector accounts for 490 (61.5%) capitalized at US$ 5.05 billion (66.8%).

9- The PM approved the electricity price rise in 2007 and a pricing roadmap to 2010. An open electricity market was started on a trial basis on January 01, 2007.

10- All research institutes administered by the Ministry of Industry are to run as financially self-reliant units as stipulated in Government Decree 115/2005/NĐ-CP dated September 5, 2005./.

By Hoàng Nguyên