Vietnam’s industrial production continues strong growth

Following the sharp recovery momentum in 2010, in the first month this year, Vietnam’s industrial production value gained satisfactory growth with 73.7 trillion dong, rising 16.1 percent against the same period last year, of which, state economic zone saw a growth of 6.7 percent, private economic region surged 18.9 percent and foreign invested economic area soared 18.5 percent, according to the general Statistic Office (GSO).

Part curly, some important industrial sectors saw high growth such as liquefied petroleum gas (36.2 percent), sport shoes (35.1 percent), ceramic tiles (32.5 percent), tyre for automobile and tractor (26.8 percent), glass (20.7 percent), cement (18.9 percent) and textile fibre (17.2 percent).

In addition, some products reported high growth in comparison with last January including rolled steel (up 15.9 percent), powder milk (15.4 percent), electricity production (14.3 percent), motor (13.5 percent) and adult clothing (12.4 percent).

Also in January, the consumption index of processing and manufacturing sectors continued to increase, of which, some products posted high consumption index such as powder milk (136.9 percent), fresh milk (68 percent), air conditioner (65.5 percent), steel sheet (55.3 percent), paint used in construction sector (49.4 percent), laundry soap (36 percent), footwear (26.9 percent), instant coffee (23.6 percent), fizzy drinks (22 percent) and canned beer (14.2 percent).

Tags: Vietnam Industrial Production

Posted by VBN on Feb 16 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