Vietnam records $20 bln in industrial value

Industrial production in the first six months of the year reached VND418.4 trillion (nearly $20 billion), an increase of 14.3 per cent over the same period last year, according to the Ministry of Industry and Trade.

Most of production materials and consumption products saw high growths. Electricity increased by 11.2 per cent; cement, 14.7 per cent; liquefied gas, 19 per cent; petroleum, 25.3 per cent.

In the reviewed period, the industrial sector earned an export value of $42.3 billion, a year-on-year increase of 30.3 per cent.

Of them, the export of fuel and mineral products fetched $5.2 billion, 26.3 per cent year-on-year increase.

The ministry forecast that the sector would see an export turnover of $85.5 billion by the end of this year with trade deficit of $14.5 billion, equal to 16 per cent of the export value. – Vietnam+

Tags: Vietnam industries, Vietnam industry

Posted by VBN on Jul 6 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