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Industrial production posts high growth rates

Vietnam's industrial production value in April reached VND43 trillion (US$2.69 billion) with a year-on-year increase of 17.7 percent, making a rapid leap from the slow start of the first quarter of the year, said the Ministry of Industry.

Recording the highest rise was the foreign-invested sector with a year-on-year increase of 20.8 percent, followed by the non-State sector, 20.1 percent, and the State sector, 12.1 percent, the ministry added.

The country's overall industrial production value in the first four months of 2006 hit VND162.7 trillion (US$102 billion), up 15.6 percent over the corresponding period last year. The non-state sector was on top with an increase of 20.2 percent.

Industrial production in Hanoi, the northern port city of Hai Phong, and the provinces of Ha Tay, Hai Duong, Binh Duong, Dong Nai, Ba Ria Vung Tau and Can Tho achieved high growth rates of 17-21.1 percent.

Meanwhile, Ho Chi Minh City also registered an industrial production value of VND85 trillion in the first four months of the year with a year-on-year increase of 12.8 percent.

To the figure, the foreign-invested sector contributed VND33 trillion, an increase of 18.7 percent, while the domestic sector earned VND52 trillion, an increase of 10.2 percent.

The city earned VND23 trillion in April, a 3.2 percent increase over March with high growth rates recorded by foodstuff and drink (26.5 percent), garments (37.2 percent), chemicals (32.4 percent), rubber-plastics (41.1 percent) and electrical appliances (54.2 percent).

VOV - (26/04/2006)

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