Industrial output tops $13bln in four months

The nation’s industrial production in the first four months of the year reached VND270.5 trillion ($13.07 billion), an increase of 14.2% over the same period last year, the General Statistics Office announced on April 27.

“Industrial production is strongly recovering from the economic crisis, with a stable growth rate of over 14%,” GSO industrial and construction statistician Vu Quang Ha told Vietnam News.

Private-sector industry achieved a growth rate of 16.8% during the period, with an industrial value of VND101.1 trillion ($4.9 billion), while the foreign-invested sector grew by 16.7% for a value of VND114.43 trillion ($5.5 billion).

The state-run sector, meanwhile, saw a growth of just 5.1%, fetching a turnover of VND54.95 trillion ($2.65 billion).

The nation’s industrial production reached VND198.7 trillion ($9.5 billion) in the first quarter of the year, a rise of 14.1% against the same period last year. The processing industry saw the greatest growth of 15.1% year-on-year, averaging 9% per month.

The General Statistics Office earlier announced that Vietnam’s consumer prices jumped 17.5% in April from a year earlier – the fastest pace since December 2008, further casting doubts on the ability of authorities to cap inflation at 7% this year. Last year, inflation reached 11.75%. – Stoxplus.com

Tags: Vietnam industrial output

Posted by VBN on Apr 30 2011. Filed under Economy News, Industry, Industry. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry