Viet Nam’s Industrial production reached VND520 trillion (US$33 billion) in the first 11 months of the year, an increase of 17 per cent over last year, according to the General Statistics Office (GSO).
Industries which recorded significant growth included beer brewing with 19.4 per cent, machinery 74.5 per cent, electric generators 26.2 per cent, washing machines 24.7 per cent, auto assembly 62.7 per cent and motorcycle production 26.8 per cent.
Meanwhile, the value of processed seafood with 13.2 per cent, textiles and garments 14.9 per cent, paper products 15.5 per cent, cement 11.7 per cent, rolled steel 10.2 per cent and electricity production 12.9 per cent has remained steady in line with current market demand.
Production growth has continued to rise fuelled by investment and the expansion of new markets.
The private sector saw the highest growth of 21 per cent, followed by the foreign-invested sector at 18 per cent and the State-owned sector up 10.6 per cent.
GSO economists have said that the growth of industrial production value could be higher given less exploitation of oil and gas resources. Crude oil extraction is below 14 million tonnes in the first 11 months of the year, an increase of 8.5 per cent against the same period last year.
Several cities and provinces posted high growth in industrial production including
(Source: VNS)
