HCM City’s industrial production value rises 3pct in Oct

During the first ten months this year, HCM City’s actualised industrial production value reached 487.368 trillion dong, up 14% from the same period last year (in the same period last year, it increased 7.2%), according to HCM City Statistics Bureau.

In October alone, the figure was 56.126 trillion dong, rising 3% against previous month and 14.9% from last October.

According to Index of Industrial Production— IIP method, the hub city’s industrial growth in Jan-October was 10.57% year-on-year.

23 out of 27 manufacturing sectors posted rises, of which 11 sectors reported higher growth than the average level such as leather and footwear up 22.8%, metal products up 22.9%, machines and equipments up 37.1%, electrical equipments up 34.7% and electricity production and distribution up 26.8%.

Some sectors reported falls in industrial growth such as coal mining, paper, stationery, and vehicle reparation.

In terms of the central industrial production value:

100% state-owned enterprises posted a rise of 14.7% and joint stock companies increased 3.2% whereas one-member limited companies decreased 4.5%.

Five fields reported falls in industrial production value including tobacco, plastic rubber, metal production, transport and other furniture.

Beverages and food sector, that accounted for the highest proportion in industrial production of 19.2%, regained slightly +1.4% after reducing in last month.

Other sectors reported high rises such as construction materials (up 25.2%), radio and television (12.2%), garment and textile (1.1%), chemicals (16.1%), printing (1.5%) and electrical equipments (7.9%).

State industrial production value in localities:

100% state-owned firms were up 8.6% while joint stock companies rose 1.2%.

Nine of 14 industrial production sectors ported rises. Tobacco increased 15.5% while printing decreased 3.1%, chemicals jumped 1.7%, plastic rubber up 38.5%, vehicle production up 27.4%. The remaining sectors accounted for small proportion.

Industrial production value of private firms:

Cooperatives increased 16.8%, private enterprises were up 17.5%, limited companies (which account for the highest proportion 44.7%) up 19.4%, private joint stock companies rose 45.1%, less than 50% state-invested joint stock companies increased 13.8%, and individual was up 10.6%.

24 of 26 industrial production sectors posted rises including beverage and food increased 17.8%, garment and textile up 16.3%, leather and footwear up 15.9%, chemical up 16%, plastic rubber +18%, construction materials 8.4%, metal products 24.7%, electrical equipments +49%, radio and television +28.9%, vehicle production + 18.8% and other transport means up 19.9%.

Two sectors reported falls including coal mining and tobacco.

Industrial production value in foreign-invested areas:

19 of 22 production sectors reported rises such as chemicals up 9.5%, leather and footwear with 26.4%, beverage and food +1.7%, radio and television +12.2%, electrical equipments 45.3%, garment and textile +11.1%, metal production +29.8%, and vehicle production +2.6%.

Tags: Vietnam Industrial Production, Vietnam industries, Vietnam industry