Vietnam industrial production +13.7% to VND645.7Tln in Jan-Oct

Vietnam industry production is estimated to increase by 13.7% on year to VND645.7 trillion in the first ten months of this year.

Vietnam industry production is estimated to increase by 13.7% on year to VND645.7 trillion in the first ten months of this year, the local online newspaper NDHMoney reported on October 26, citing the general Statistics Office of Vietnam (GSO).

In details, the industrial value of state sector grew by 8.6% to VND146.5 trillion, the non-state sector rose by 12.7% to 227.2 trillion, and the foreign direct investment sector surged by 17.4% to VND272 trillion.

In October alone, industrial value is expected to reach VND72.1 trillion, up 13.5% on year, the office said.

The GSO attributed the slow-down of some biggest products to the lower on-year increase in October compared with that of 15.1% in September.

Staples which saw the highest on-year decrease in value included television (-35.3%), ceramic products (-19.3%), coal (-16.1%), footware(-13.8%), tyre(-10.3%), chemical fertilizer(-8.5%).

In the opposite side, the staples which showed a slight on-year increase were automobiles (+4.5%), tap-water end-product (+3.2%), sport shoes (+0.6%). – Stoxplus.com

Tags: Vietnam Industrial Production