Updated  
July, 30 2010 10:08:17

Industrial production rises 13.5% in seven months

A section of the Cua Ong Coal Co. The country churned out 25 million tonnes of coal during the first seven months of the year, up 2.2 per cent from a year earlier. — VNA/VNS Photo Nguyen Dan

A section of the Cua Ong Coal Co. The country churned out 25 million tonnes of coal during the first seven months of the year, up 2.2 per cent from a year earlier. — VNA/VNS Photo Nguyen Dan

HA NOI — Industrial production reached VND435 trillion (US$23 billion) in the first seven months of this year, up 13.5 per cent over the same period last year, said Quang Ha, from the General Statistics Office (GSO).

Ha said the figures showed that Viet Nam's industrial production had stabilised.

Foreign-invested enterprises saw the strongest growth, with the value of industrial production reaching VND183 trillion ($9.6 billion), up 17 per cent. Meanwhile, non-State domestic firms saw a production of VND154 trillion ($8.3 billion), an increase of 12.6 per cent against the same period last year.

State-owned firms earned just VND98 trillion ($5 billion), accounting for 22.5 per cent of the total industrial value.

The processing sector, which accounts for 89 per cent of total industrial production, posted the highest growth.

Items that achieved good growth in the first seven months included liquefied petroleum gas (LPG), production of which reached 320,000 tonnes, up 100 per cent against the same period last year; trucks, 20,200 units, up 25.9 per cent; and motorbikes, 2 million units, up 21.8 per cent.

However, some products failed to meet expectations, such as processed seafood, which saw production reached 702,000 tonnes, an increase of 13 per cent over the same period last year; and coal, 25 million tonnes, up just 2.2 per cent against the same period last year.

Meanwhile, crude oil production fell by 14.5 per cent to 8.5 million tonnes, while steel production dropped 0.2 per cent to 2.5 million tonnes. — VNS

Send Us Your Comments:
Name:
Your E-mail address:
Title:
 

VietNamNews may edit your comments and not all emails will be published.

Highlight

Teacher's long fight for justice pays off Teacher's long fight for justice pays off

Nguyen Than spent years trying to prove the innocence of his former student, wrongfully convicted on a murder charge 18 years ago.

Passion motivates circus artists to take risks Passion motivates circus artists to take risks

The circus has always been about performers attempting precarious and daring acts in exchange for the intangible reward of the roar of the crowd.

New flowers grown for Tet New flowers grown for Tet

Farmers in the Cuu Long (Mekong) Delta will offer new varieties of flowers for the upcoming Tet (Lunar New Year) holiday, which falls on February 8 this year.

VN strives to reform customs ahead of FTAs VN strives to reform customs ahead of FTAs

The World Trade Organisation's Trade Facilitation Agreement (TFA) would boost customs reforms to facilitate trade across borders in line with international standards, an official has said.

Diamond Island - Highlight spots of the year 2015
Diamond Island - Highlight spots of the year 2015
DIAMOND ISLAND – VITAMIN G FOR YOUR FAMILY
DIAMOND ISLAND – VITAMIN G FOR YOUR FAMILY
HASSAN’S CARPETS VIETNAM OPENS ITS FIRST SHOWROOM IN HANOI

THE GALLERY EXCLUSIVE (HASSAN’S CARPETS VIETNAM)​ opens its first showroom in Ha Noi