Jan-Apr Industrial Production Value Grows 16.7 per cent

Vietnam is estimated to obtain an on-year increase of 16.7 per cent in industrial production value to reach VND176.88 trillion (US$11 billion) in the first four months this year, reported the General Statistics Office (GSO).

 

April’s value alone is VND47.12 trillion (US$2.95 billion), up 17.3 per cent on-year, the office said.

 

Of the total sum, the private sector obtained the highest growth of 20.6 per cent to reach VND64.63 trillion (US$4 billion) in the four-month period, followed by the foreign-invested sector with an increase of 19.4 per cent to VND70.14 trillion (US$4.38 billion). Meanwhile, state-owned companies generated VND42.11 (US$2.63 billion), up 7.4 per cent on-year.

 

In the four-month span, most key industries are estimated to enjoy growth in their production value. Among them, electric engines reportedly obtain the highest growth rate of 62 per cent, followed by assembled automobiles at 40.6 per cent and floor tiles at 35.8 per cent.

 

Meanwhile, five industries witnessing reduction are LPG -19.9 per cent, knitwear -10.1 per cent, crude oil -7.9 per cent, NaOH soda -0.4 per cent and fertilizer -0.4 per cent.

 

In the January-April period, all major cities and provinces nationwide are also estimated to see growth in industrial value.

 

Northern Vinh Phuc province still tops the list with growth of +46.7 per cent, followed by southern Binh Duong province +22.8 per cent and southern Dong Nai province takes third position at +22.6 per cent.

 

Capital City of Hanoi rises to the fourth position with growth of +18.5 per cent, while the southern economic hub of Ho Chi Minh City ranks 13^th.

 

Southern Ba Ria-Vung Tau province remains at the bottom of the list at +2.1 per cent.