Vietnam industrial production value is estimated to reach VND519.83 trillion (US$32.4 billion) in the past eleven months, up 17 per cent on year, according to the General Statistics Office (GSO).
In October, the figure hit VND52.108 billion (US$3.25 billion), up 17.4 per cent on year, GSO noted.
The foreign-invested sector contributed VND201.1 trillion (US$ 12.56 billion), up 18 per cent on year. Meanwhile, the crude oil and natural gas businesses made up for VND26.6 trillion (US$1.62 billion), down 7.3 per cent on year and 6 per cent on month.
The private sector accounted for VND190.62 trillion (US$ 11.9 billion), up 20.9 per cent on year, and the state-run enterprises obtained VND128.1 trillion (US$ 8 billion), up 10.4 per cent.
Machinery businesses still recorded the highest on year growth of 74.5 per cent, followed by automobile assembly 62.7 per cent, air conditioners 56.9 per cent, motorbike assembly 26.8 per cent, electric motors 26.2 per cent, washing machines 24.7 per cent, and electric fans 20.3 per cent.
Four other industries posted growth of over 15 per cent are beer 19.4 per cent, electric transformer engines 18.7 per cent, floor tiles 16.6 per cent and carton paper 15.5 per cent.
All major cities and provinces, except southern coastal Ba Ria-Vung Tau province, are estimated to post high industrial production growth.
Northern Vinh Phuc province reportedly posted an on-year growth of 41.8 per cent, followed by northern Ha Tay province 24.9 per cent and southern Binh Duong province 24.6 per cent.
Hanoi and Ho Chi Minh City reported growths of 19.9 per cent and 13.6 per cent, ranking the sixth and thirteenth, respectively.
In 2007, Vietnam is set to achieve industrial production value of VND575 trillion (US$36.9 billion), up 17 per cent on-year. (GSO November 2007)
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