Hanoi’s industry achieves steady growth

Hanoi’s industrial sector has maintained significant growth in the past seven months, reaching VND68,472 billion of production value, up 12.6 percent over the same period last year, according to the Hanoi Statistics Department (HSD).

The foreign-invested sector attained the highest production value at VND31,593 billion, a year-on-year increase of 14.8 percent.

This was followed by the private economic sector, (more than VND22,143 billion), up 19 percent, and the state economic sector (VND14,734 billion), up 9 percent compared to the same period last year.

Based on production value, the processing sector accounted for the greatest proportion. It was the decisive factor in promoting value growth to VND65,311 billion in the first seven months of this year, a year-on-year rise of 12.9 percent.

Some key products to seeing high growth rates included cigarettes, beer, sanitary products, motorbikes and domestic electric fans.

According to General Director of HSD Cong Xuan Mui, the businesses in the sector have sought new markets and taken effective measures to restructure their production and improve the quality of their products – VNA

Tags: Vietnam industries, Vietnam industry

Posted by VBN on Jul 27 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