Vietnam Industrial Production Value Up 17.1 per cent in Jan-September

Vietnam industrial production value was estimated to have reached VND418 trillion (US$26.1 billion) in the first nine months, up 17.1 per cent on year, said Industry and Trade Ministry reported.

 

The foreign sector contributed the biggest proportion of VND160 trillion (US$10 billion), up 18.3 per cent on year, the private sector VND152 trillion (US$9.5 billion), up 20.9 per cent on-year, and the state-owned sector VND105 trillion (US$6.5 billion), up 10.3 per cent on year.

 

In September alone, the figure reached VND49.7 trillion (US$3.1 billion), up 3.9 per cent on month, the ministry noted.

 

During the period, up to 31 out of the 33 key industrial items posted high growth, including air conditioners 66.2 per cent, automobile 63.9 per cent, cooking oil 33.3 per cent, electric motor 27.3 per cent, motorbike 27 per cent, urea 25.9 per cent, NPK fertilizer 24.8 per cent, electric fan 24.1 per cent and transformer 20.6 per cent. The country’s forex earner crude oil was reportedly down 10 per cent on year.

 

Vietnam is set to achieve the industrial production value of VND575 trillion (US$36.9 billion), up 17 per cent on year in 2007. The country has set an ambitious goal to become an industrialized nation by 2010 with middle income status.

 

Vietnam now houses 148 IPs and EPZs covering a total area of 32,120 ha, of which 90 have become operational with the remaining 58 still under construction. (Vietnam & World Economy)