Vietnam's industrial production value in 2013 grew by 7.4% from last year's figure thanks to the remarkable recovery of the processing and manufacturing industry.
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Vietnam’s industrial production value in 2013 grew by 7.4% from last year’s figure thanks to the remarkable recovery of the processing and manufacturing industry.
According to the ministry, the processing and manufacturing enjoyed a much higher growth than the 5.5% increase in 2012 and accounted for 71% of the entire sector’s added value. Inventories in the field gradually fell over months.
By December 1, the inventory index only saw a year-on-year rise of 10% compared to a 21.5% increase at the beginning of the year.
Meanwhile, the scale and growth of Vietnam’s exports were higher than expected, helping the country gain trade surplus.
The export structure was shifted in line with industrialisation orientations and the ten-year import-export development strategy until 2020 with a vision towards 2030. Accordingly, processed goods accounted for 71% of total exports, followed by agro-aquatic products with 15%, and minerals and fuels, 7%.
Particularly, telephone and spare parts surpassed garments to become the largest hard currency earner with US$21.5 billion, making up 16% of the country’s total export turnover and enjoying an impressive growth of 69.2%.
The import-export activities of domestic enterprises recovered and tended to increase. Their 2013 export turnover was estimated to grow 3.5%, up 2.3% against the previous year.
(Source:VOV)
