Industrial output tops $13b in four months

The nation’s industrial production in the first four months of the year reached VND270.5 trillion (US$13.07 billion), an increase of 14.2 per cent over the same period last year, the General Statistics Office announced yesterday.

“Industrial production is strongly recovering from the economic crisis, with a stable growth rate of over 14 per cent,” GSO industrial and construction statistician Vu Quang Ha told Viet Nam News.

Private-sector industry achieved a growth rate of 16.8 per cent during the period, with an indsutrial value of VND101.1 trillion ($4.9 billion), while the foreign-invested sector grew by 16.7 per cent for a value of VND114.43 trillion ($5.5 billion).

The State-run sector, meanwhile, saw growth of just 5.1 per cent, fetching a turnover of VND54.95 trillion ($2.65 billion).

The nation’s industrial production reached VND198.7 trillion ($9.5 billion) in the first quarter of the year, a rise of 14.1 per cent against the same period last year. The processing industry saw the greatest growth of 15.1 per cent year-on-year, averaging 9 per cent per month.

The General Statistics Office earlier announced that Viet Nam’s consumer prices jumped 17.5 per cent in April from a year earlier – the fastest pace since December 2008, further casting doubts on the ability of authorities to cap inflation at 7 per cent this year. Last year, inflation reached 11.75 per cent. — VNS

Tags: Vietnam industrial output

Posted by VBN on Apr 28 2011. 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