Industrial output up 17.7pct in Feb

During the first two months this year, Vietnam’s industrial production value is estimated to reach 130.9 trillion dong, rising 14.6 percent against the same period last year.

In February alone, the country’s industrial output is estimate to rise 17.7 percent from last year. Of which, the state economic areas posted a rise of 12.1 percent y-o-y, private firms at 18.5 percent rise and foreign invested areas at 20 percent y-o-y.

Some sectors posted strongest year-on-year rise such as footwear and shoes (52.1 percent), non-alcoholic beverages (48.8 percent) and products from metal (28.1 percent).

Meanwhile, some others saw strong fall in production such as electricity wire and cable (falling 18 percent year-on-year) and pharmaceutical and medicinal chemistry fell 7.8 percent.

The consumption index in January of manufacturing and processing sectors grew 16.5 percent against the same period last year and the stockpile index was also up 26.2 percent y-o-y. – DVT

Tags: Vietnam industrial output

Posted by VBN on Mar 2 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