Vietnam is estimated to rake in VND326 trillion (US$20.37 billion) in industrial production value, up 17 per cent on-year, in the first seven months this year, said the General Statistics Office (GSO).
The July value is forecasted at VND50.8 trillion (US$3.17 billion) up 18.7 per cent on-year, it said.
The foreign-invested sector reports to produce VND127.7 trillion (US$7.9 billion), up 18.9 per cent, the private sector VND118.8 trillion (US$7.4 billion), up 20.4 per cent, and the state-run sector VND79.4 trillion (US$4.9 billion), up 9.7 per cent.
In the seven-month span, the automotive industry obtains the highest growth rate of 67.2 per cent in industrial production, followed by air-conditioner and machinery production at at 56.9 per cent and 48.7 per cent, respectively.
Other industries recording growth of over 20 per cent in the period include electronic engines 29.7 per cent, motorbikes 29.2 per cent, electric fans 25.25 per cent, refrigerator 23.8 per cent, floor tiles 23.2 per cent, transformers 21.5 per cent and motorbikes 21 per cent.
However, the country’s largest forex earner, crude oil, saw reduction in output of 8.6 per cent.
All major cities and provinces, except for southern coastal Ba Ria-Vung Tau province, are estimated to enjoy growth in industrial production value.
Northern Vinh Phuc province is on the top of the list with growth of 56.3 per cent, followed by northern Ha Tay with 32.8 per cent, southern Binh Duong province takes third position at 32.4 per cent.
Meanwhile, the country’s two biggest cities – Hanoi and Ho Chi Minh City – report growths of 22.7 per cent and 11.3 per cent, ranking the sixth and thirteenth, respectively.
Ba Ria-Vung Tau province remains at the bottom list with -0.6 per cent.
In 2007, Vietnam is set to record industrial production value of VND575 trillion (US$36.9 billion), up 17 per cent on-year. (GSO Jul 2007)
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