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Industrial production increases in January
The industrial production value increased by 28.4 percent in January to 62.79 trillion VND as a result of the country’s economic recovery, said Deputy Minister of Industry and Trade Bui Xuan Khu.
The non-state economic sector maintained the highest growth rate of 31.1 percent. It was followed by the foreign-invested sector with a rise of 29.1 percent and the state-owned sector with 23.1 percent.
Electricity, coal, fuel and clothing experienced a sharp rise in production, Deputy Minister Khu added.
He noted Da Nang city, Vinh Phuc, Phu Tho, Binh Duong and Quang Ninh lead in terms of growth rate of industrial production value among localities. They posted growth rate ranging between 46.6 and 92.7 percent.
According to the Deputy Minister, economic stability stirred investment in construction causing an increase in construction materials. Cement value rose 91.5 percent and steel up 61.5 percent.
The apparel industry also encountered advantages in January with more contracts for exports and domestic consumption.
To maintain the growth rate in February, the Ministry urged businesses to rearrange production and renew methods of management and promote production of materials for export and supporting items.
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