Vietnam industrial value rises to VND504.2T in Jan-Aug

Vietnam’s industrial production value is estimated to have risen 13.7% to VND504.2 trillion (US$25.85 billion) in the eight months of 2010, the General Statistics Office said.

In August, the country’s industrial production output has increased 15.2% from a year earlier and 1.6% against July to VND69.5 trillion, the GSO said in a statement.

During the eight-month period, the foreign-invested sector posted the highest on-year growth of 17.3% to VND212.35 trillion; followed by the non-state sector with 12.7% to VND177.39 trillion and the state-owned sector with 9% to VND114.46 trillion.

Of the VND212.35 trillion posted by foreign-invested firms, the oil and gas sector contributed VND20.9 trillion, reducing 4.7% on year.

A report released Aug 25 by the Ministry of Planning and Investment showed that the industrial inventory index rose 37.3% on year as of Aug 1, compared to a 12% increase in consumption index in the seven months of this year.

The gap indicated that industries still met difficulties in selling products, the ministry said in its report. (GSO)

Tags: Vietnam Industrial Value

Posted by VBN on Sep 4 2010. Filed under 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