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

Confiscated bikes set for charity sale Confiscated bikes set for charity sale

The National Traffic Safety Committee plans to sell motorbikes and bicycles driving on expressways that have been banned for their use.

Cycling race escort dies in accident Cycling race escort dies in accident

A member of a motorbike escort group for the Binh Duong Open International Women's Bike Race died yesterday after being hit by a motorbike tour group.

Vietnamese cuisine book journeys out of 5-star resort's kitchen Vietnamese cuisine book journeys out of 5-star resort's kitchen

The five-star Furama Resort has released a 120-page cookbook titled A Journey Through Viet Nam's Cuisine, featuring recipes from the resort's culinary library.

HCM City youth call on banks, firms to stop funding fossil fuels HCM City youth call on banks, firms to stop funding fossil fuels

A series of activities on climate change and energy have been launched by 350.org Viet Nam aimed at raising people's awareness about the threat of a carbon bubble.

Da Nang to teach archipelago history Da Nang to teach archipelago history

The history of Da Nang and its relationship with the Hoang Sa Archipelago (Paracel Islands) will be introduced into the curricula at secondary and high schools in the central coastal city this year, officials have announced.