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

VN committed to realising TPP VN committed to realising TPP

Deputy Prime Minister Vu Van Ninh reiterated Viet Nam's commitment to negotiating and realising the terms of the Trans-Pacific Partnership (TPP) for the benefit of all TPP members while meeting US Under Secretary of Commerce for International Trade Stefan M. Selig yesterday in Ha Noi.

VN Railway Authority head found dead VN Railway Authority head found dead

Director of Viet Nam Railway Authority Nguyen Huu Thang was found dead in his office yesterday in Ha Noi.

Student looks to improve traffic 3    Student looks to improve traffic

South Korean high school student Chihyun Ryu has spent her time in Ha Noi over the last three and a half years walking around Hoan Kiem Lake, and riding on the back of her father's motorbike taking videos of the chaotic traffic.

Talented ‘stage magician' tells story in memoir Talented ‘stage magician' tells story in memoir

Artist Thanh Loc will begin his five-city tour tomorrow in HCM City to launch his newly published memoirs.

Viet Nam sit at 137th in world football rankings Viet Nam sit at 137th in world football rankings

Viet Nam jumped up four steps in international football rankings, according to FIFA's latest list.