Vietnam Hanoi Industrial Output +12.1% to VND37.7T in Jan-May
Hanoi’s industrial production value is estimated to have risen 12.1% from a year earlier to VND37.7 trillion in the first five months, the municipal General Statistics Office.
Of the sum, the foreign-invested sector takes the lead with VND16.2 trillion, up 13.9% on-year. The office estimates the city’s industrial output in May at VND8.1 trillion, up 8.4% against last month.
Cong Xuan Mui, head of the office, noted many industries are suffering rising input costs, particularly price hikes of power and imported materials.
Tags: Hanoi industrial output, Vietnam economic, Vietnam economy