Hanoi’s industries see optimistic growth

The capital city continued to maintain positive growth in its industrial sector in early 2011, according to the municipal Office of Statistics.

The city’s revenues from industrial production in April rose 3.4 percent above the previous month and 14.6 percent over the same period last year, said the Office.

In the first four months of the year, the city’s industrial value went up by 13.2 percent against the same period last year, said Cong Xuan Mui, Director of the Office. The state sector enjoyed a 15.4 percent increase, while the private sector that accounts for more than 31 percent of the city’s industrial value grew by 12 percent compared to last year.

The foreign-invested sector made up more than 46 percent of the city’s economy, a 17.1 percent increase from the same period last year.

Most industries registered increases, except for machinery manufacturing (down 4 percent), and TV and information equipment production (down 4.4 percent). – VOV

Tags: Vietnam industries, Vietnam industry

Posted by VBN on Apr 24 2011. Filed under Economy News, Industry. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry