Vietnam is estimated to achieve an on-year increase of 16.6% in industrial production value to reach VND129.79 trillion ($8.11 billion) in the first quarter of this year, reported the General Statistics Office (GSO).
March’s value alone is VND45.19 trillion ($2.82 billion), up 15.4% on-year, said the office.
Of the sum, the foreign-invested sector contributes VND51.97 trillion ($3.24 billion) in the period, rising 19.5%, and the private sector VND47.4 trillion ($2.96 billion), up 20.1%, while state-run firms obtain VND30.41 trillion ($1.9 billion), an increase of 7.2%, against the same period last year.
In the three-month span, floor tiles obtain the highest growth rate of 30.9% in industrial production, followed by assembled automobiles at 29.8% and pesticides at 26.1%.
Other industries recording growth of over 15% in the period include natural gas +17.7%, sugar and honey +21.1%, cardboard +22.3%, rolled steel +22.3%, diesel engines +18.3%, transformers +16.1%, assembled TVs +16.9% and assembled motorbikes +21%.
Meanwhile, six industries witnessing reduction are bicycles -68.6%, LPG -17.1%, knitwear -13.1%, crude oil -7.2%, fertilizer -6% and NaOH soda -0.5%.
In the first quarter of this year, all major cities and provinces nationwide, except 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 +45.8%, followed by southern Dong Nai province 24.4% and northern Hai Duong province takes third position at +22.4%.
Meanwhile, the country’s two biggest cities – Hanoi and Ho Chi Minh City – report growths of +18.5% and +12%, ranking the fifth and eleventh, respectively.
Ba Ria-Vung Tau province is at the bottom of the list at -0.1%.
In 2007, Vietnam is set to achieve industrial production value of VND575 trillion ($36.9 billion), up 17% on-year. (GSO Mar 2007)
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