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Industrial production value continues to grow
Vietnam posted an increase of 5.6% in its industrial production value to top VND 443 trillion in the past eight months of this year, according to the General Statistics Office (GSO).
This achievement was fuelled by consecutive rises in the value since February and particularly by a 10.6% jump recorded in August.
All the three sectors – the State-owned, private, and foreign-invested sectors-- achieved growth rates of 1.9%, 7.9% and 6%, respectively, the GSO said.
Healthy rates of growth were registered by the northern province of Quang Ninh, the southern provinces of Ba Ria-Vung Tau and Dong Nai, the northern central province of Thanh Hoa , the Mekong delta city of Can Tho , Hanoi and the central province of Khanh Hoa , ranging from 7.1% to 11.3%.
The production value of air conditioners sales posted the most impressive growth, at 41.3%, followed up by crude oil, at 17.3%, and footwear, at 14.1%.
However, the chemical, mining, and garment and textile industries contracted in the reviewed period due to low domestic consumption, and sluggish import demand from such big markets as the US and the EU.
At the Government’s July meeting, the Prime Minister asked ministries, sectors, localities and enterprises to continue implementing the government’s economic stimulus measures to boost production and business.
He also asked enterprises to further improve the quality of their products, proactively prepare raw materials, and develop a long-term production strategy in addition to launching consumption promotion programmes in rural areas to corner the domestic market.
VietNamNet, Vietnamplus
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