Vietnam Industrial Value Hits US$6.2 Bln, Up 16 per cent On-year in Jan-February

Vietnam's industrial production value is estimated to have reached VND99.2 trillion (US$6.2 billion) in the past two months, up 16 per cent on year, said the General Statistics Office (GSO) Thursday.

 

In February, the figure hit VND46.4 trillion (US$2.9 billion), up 16.1 per cent on year, and down 12.2 per cent per cent on month, GSO noted.

 

The foreign-invested sector contributed VND39.9 trillion (US$ 2.49 billion), up 16.7 per cent on year. Meanwhile, the crude oil and natural gas businesses made up for VND3.7 trillion (US$234 million), down 2.1 per cent on year.

 

The private sector accounted for VND37.3 trillion (US$ 2.3 billion), up 21.9 per cent on year, and the state-run enterprises obtained VND21.9 trillion (US$ 1.3 billion), up 7.1 per cent.

 

Lorry makers recorded the highest on year growth of 98.8 per cent, followed by passenger car makers with 71.6 per cent, boil water businesses 48.2 per cent, cotton cloth 38.4 per cent, rubber tires 35.4 per cent, refrigerator 35.1 per cent, processed seafood 34.8 per cent, and TV set 33 per cent.

 

Cement industry posted growth at 21.9 per cent, commercial electricity at 20.8 per cent, and rolled steel 9 per cent.

 

Northern Hai Duong province reportedly posted an on-year growth of 40 per cent, followed by northern Vinh Phuc province 35.9 per cent and southern Binh Duong province 24.6 per cent. (GSO February 2008)