Industrial production grows 25% in January

VNGOVNet – The Ministry of Industry has reported that industrial production value in January 2007 was estimated at VND 46,155 billion, increasing by 26% against the same month last year. The centrally-run sector grew by 20.9; the locally-run sector, 9%; the non-public sector, 35.5%; and the foreign-invested sector, 24.9%.

February 01, 2007 8:24 AM GMT+7

Local industrial production was valued at VND 19,163 billion in January, going up by 29.8% against the same month last year, with many provinces registering a sizeable growth.

However, the export value in January was as little as US$ 3.3 billion. The two primary industrial exports of crude oil and coal experienced a decrease. Other key industrial exports went up such as textiles and garments (up 2.7%), footwear (8.7%), electronics and computer spare parts (15.7%), and handicrafts (10.3%).

In January 2007, industrial businesses spent an estimated sum of VND 3,105 billion on investments.

By Phương Uyên