Vietnam’s Q1 industrial output up 14.1pct

During the first three months this year, Vietnam’s industrial production value is estimated to have reached 198.7 trillion dong, rising 14.1% from the same period last year, General Statistics Office (GSO) reported.

In March alone, the country’s industrial output is estimated to have reached 68.4 trillion dong, a year on year rise of 14.2% (basing on the competition price of 1994).

Notably, the industrial production of all sectors posted growth in value. Particularly, the state economic area is estimated to gain 40 trillion dong, rising 5.5% y-o-y, the private economic area contributed 74.5 trillion dong, up 16.6% y-o-y, and the foreign-invested economic area reached 84.1 trillion dong, rising 16.3% y-o-y.

Amongst the industrial products with big value, water heater increased up to 81.9%, liquefied natural gas (up 38.8%), powdered milk (up 19.5%), passenger cars (19.2%), sugar (18.2%) and sports shoes (17.5 %).

According to GSO, electricity production in Q1 is estimated to reach 22.7 billion kWh, rising 9.3% over the same period last year. Meanwhile, the electricity production growth in Q1 of previous years was about 14%.

Although the production index of the processing sector increased over 15%, the consumption index of this sector increased up to 18.5% year on year. In particular, the metal consumption index surged 59.5%, non-alcoholic beverages (52.1%), bricks, tiles and non-refractory building ceramic (36.1%), iron and steel (30.2%). – Vietbiz24

Tags: Vietnam industrial output