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Submitted by honghanh on Sat, 06/28/2008 - 17:00
The country’s industrial output is estimated to have reached US$19.8 billion in the first half of the year, an increase of 16.5 percent over the same period last year, according to the Ministry of Planning and Investment.

The non-State owned sector saw the highest growth rate, at 22.3 percent, followed by the foreign invested sector with 17.4 percent and the State-owned sector with a spare 6.9 percent.

 

The output of many key industrial products achieved a higher growth rate than during the same period last year: passenger vehicle output increased 89.6 percent, washing machines surged up 52 percent, TVs 34 percent, refrigerator production 26.9 percent, powdered milk 23.3 percent, vegetable oil 23.1 percent and seafood products 21.2 percent.

 

Meanwhile, some industrial products showed a decrease, including crude oil (7.9 percent) and oil and gas (4.7 percent).

 

In the first six months of the year, the industrial production value of Hai Duong, Binh Duong, Dong Nai, Vinh Phuc, Can Tho, Hai Phong and Da Nang reached their highest growth levels at 16.9 – 32.6 percent.

 

Two large economic hubs, Hanoi and Ho Chi Minh City, only showed a modest increase of 16 percent and 14 percent respectively.

 

The Ministry of Industry and Trade has set a target of US$42.12 billion for the country’s industrial output this year.
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