Vietnam Industrial Value Hits US$6.2 Bln, Up 16.3 per cent On-year in First Quarter
Vietnam's industrial production value is estimated to have reached VND162.47 trillion (US$10 billion) in the first quarter, up 16.3 per cent on year, said the General Statistics Office (GSO).
In March, the figure hit VND56.087 trillion (US$3.5 billion), up 16.4 per cent on year, GSO noted.
The foreign-invested sector contributed VND68.647 trillion (US$ 4.2 billion), up 17.1 per cent on year, the crude oil and natural gas businesses made up for VND5.589 trillion (US$349 million), up 1 per cent on year.
The private sector accounted for VND57.206 trillion (US$ 3.57 billion), up 22.4 per cent on year, and the state-run enterprises obtained VND36.617 trillion (US$ 2.28 billion), up 6.7 per cent.
Lorry makers recorded the highest on year growth of 111 per cent, followed by passenger car makers with 106.1 per cent, air conditioners 68.1 per cent and refrigerator 35.6 per cent.
Cement industry posted growth at 15.2 per cent, electricity output at 12.5 per cent, coal 3.2 per cent and rounded steel 15.6 per cent.
Northern Vinh Phuc province posted an on-year growth rate of 37.7 per cent, followed by northern Hai Duong province 36.3 per cent and southern Binh Duong province 24.6 per cent.
Ho Chi Minh City is estimated to grow at 13 per cent and Hanoi 15 per cent ranking eleventh and twelfth. (GSO March 2008)
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