Vietnam Jan-May Industrial Value Estimated to Rise 13.6% to VND300T

The Vietnamese Ministry of Industry and Trade estimates the country’s industrial production output to have risen 13.6% from a year earlier to VND300 trillion (US$15.79 billion) between January and May.

The figure was announced at a meeting between Deputy Prime Minister Hoang Trung Hai and leaders of the ministries and state-run corporations and groups on May 21, the Vietnamese government said.

Major industries are estimated to obtain the high on-year growth such as electricity up 17.7%, chemicals 16.7%, machines and equipment 47.5% and paper 17%.

Deputy PM Hai emphasized the need to boost the domestic industrial production and business in order to reduce the trade gap and curb inflation.

He particularly requested a focus on the sectors of mechanics, fertilizer, construction materials and several spearhead exports.

Vietnam targets an on-year growth of 12.5% in industrial production value at VND783.6 trillion this year.

Tags: Vietnam Industrial Value, Vietnam industry

Posted by VBN on May 27 2010. 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